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.
office market report
June 2024
Sales Activity Remains Slow as Discounted Office Sales Jump to 30%Â
As of May this year, there have been 600 office sales, an increasing number of which are being sold at discounts.
Industrial Vacancies Normalize as High Inflation and Costs Slow Demand
The U.S. industrial vacancy rate was 5.2% at the end of April, unchanged month-over-month as demand for space has been moderating.
The Distressed Office Market Continues to Unfold Amid Stagnating Demand and Falling Property Values
In March, several markets had average DSCRs below 1.0, including Brooklyn (0.81), Chicago (0.90) and Cleveland (0.96), CommercialEdge shows.
6 Ways Real Estate Maps Can Reveal Trends, Opportunities and RisksÂ
Real estate maps can be used in portfolio management, market analysis, site selection and risk assessment, among others.
Historic Levels of New Supply Push Industrial Vacancy Rates Higher in Q1 2024Â
The industrial vacancy rate was 5.2% in March across the U.S., up 20 basis points from the previous month.
Q1 2024 Office Sales Dip to $5.4 Billion, 17% Below Last Year’s Figure
Office sales continued to wane in Q1 2024 as companies embraced remote and hybrid work and re-examined their office footprints.
Enhanced Efficiency Through Seamless Commissions and Yardi Voyager Integration Â
The Commissions and Yardi Voyager integration allows for flexible, automated workflows with real-time data synchronization.
U.S. Office Market Continues to Navigate Demand Shifts
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.
