Market Reports
E-commerce Adjusts in 2024, Positioned to Sustain Industrial Demand Growth Â
The e-commerce surge waned last year, reducing demand for industrial space. However, in 2024, this sector has rebalanced and is growing steadily.
Life Science Grapples with Oversupply and Weakened Demand Â
With 26.4 million square feet underway and reduced demand, the life science sector is experiencing a supply glut, leading to increased vacancies in major hubs.
Shifting Demand and Supply Glut Drives Cooldown in Top Industrial MarketsÂ
The Southern California industrial markets saw signs of cooldown after years of growth, with increasing vacancies and slower rental growth.
Interest in Office Conversions Grows Amid Rising Vacancies and Discounted SalesÂ
Over 1.2 billion sq. ft. of U.S. office space (14.8% of stock) are solid candidates for residential conversions, according to our tool.
Industrial Pipeline Slows as Deliveries Continue to Outpace Construction Starts
After two years of record-level deliveries, the industrial development pipeline has slowed, but the long-term outlook remains bright.
Office Market Distress Persists Amid Rising Defaults and Maturing LoansÂ
Distress in the office market persists with over $260 billion in office loans maturing and a growing delinquency rate.
Industrial Valuations Rise Amid Normalizing Demand and Muted Transaction Volume
Industrial valuations are rising despite market shifts, with the U.S. average sale price reaching $142 per square foot as of May.
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.
