Market Reports
Office Vacancy Rates Continue to Rise Despite Return-to-Office MandatesÂ
The U.S. office vacancy rate reached 17.5% at the end of August, rising 260 basis points over year-ago figures.
Loans on Nearly 1 in 5 Class B Offices to Mature Soon. Where Are the Hotspots? Â
Loans on 18.1% of Class B assets — encompassing 594.2 million square feet — will reach maturity by the end of 2026.
Industrial Sector Pinched by Interest Rate HikesÂ
As capital has become scarcer and more expensive, industrial construction starts and sales have slowed down in 2023.
Life Science Sector Cools but Still Represents Nearly One Third of Under-Construction Office Space
As office construction continues to cool, a quarter of under-construction office space is now concentrated in just 6 life-science-heavy markets.
Industrial Sales Volume Reaches $21.2B at the End of Q2
The sales volume dropped significantly compared to the $55 billion recorded during the same period last year.
U.S. Office Sales Total $14.8B Halfway Through 2023Â
From January to June of this year, office properties have been trading at an average price of $199 per square foot.
Industrial Development Continues to Slow as Demand Normalizes
New starts continued to moderate across top industrial markets in the U.S., with few exceptions, such as Phoenix and Dallas.
Exposure to Remote Work Puts Uneven Strain on Tech Markets
Remote work is yet another challenge disproportionately impacting tech markets, pushing up office vacancy rates.
Industrial Development Slows as Sector Adapts to Economic Conditions
While the amount of space under construction remained high, new starts have started to slow, reflecting the current economic issues.
With Distress on the Rise, How Worried Should We Be?
Rising interest rates have pushed loan coupons higher, lenders are cutting back to varying degrees and property fundamentals are weakening.
