Evelyn Jozsa
Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. She has an academic background in Journalism and Irish Studies. Evelyn has been covering the CRE industry since 2017. Reach her via email.
U.S. Office Market Continues to Navigate Demand Shifts Â
As the office market navigates trends shaping the sector in recent years, we anticipate an uptick in distress activity and discounted sales.
2024 to Witness Record Life Science Deliveries as Traditional Office Construction DeclinesÂ
Life science facilities are an attractive office subtype, representing 27% of total office projects slated for completion by the end of 2024.
Industrial Construction Continues to Level Off Amid Normalizing Demand and High Interest RatesÂ
New industrial starts in 2023 totaled 314.6 million square feet, down significantly from the 593.2 million square feet in 2022.
Weak Demand, Still-Rising Vacancies Predict Downward Trend in Office Valuations  Â
The 2024 office market outlook suggests an increase in these discounted sales, driven by high rates and reduced demand.
Understanding Distressed Commercial Properties and How CRE Solutions Simplify Tracking EffortsÂ
Gain insights into identifying, tracking, evaluating and investing in commercial distressed properties for optimal returns.
2023 Industrial Sales Total $52 Billion, Roughly Half of 2022 Volume
Due to tighter underwriting policies and more expensive capital, transaction activity will continue to diminish in 2024.
U.S. Office Market Closes 2023 With $34 Billion in Sales, 60% Below the Volume Recorded in 2022
The U.S. office market has logged $33.8 billion in office sales for 2023, at a yearly average of $196 per square foot.
2023 Marks Year of Shifts and Stabilizing Trends in U.S. Industrial Sector
Port activity normalized, manufacturing surged in North America, and interest rate hikes dampened transaction activity and new development.
Office Utilization Plateaus at 50% to 60% of Pre-Pandemic Levels
Demand for office space is down, expenses are up and values have dropped, while maturing loans continue to pressure the sector.
Industrial Sector Maintains Momentum Despite Uptick in Vacancy Rates  Â
Industrial vacancy rates rose 70 basis points from 3.9% in January 2023 to 4.6% in October but remained unchanged month-over-month.
