Market Reports

04Apr_CEdge_Office Report

Q1 2024 Office Sales Dip to $5.4 Billion, 17% Below Last Year’s Figure

By Evelyn Jozsa | April 22, 2024

Office sales continued to wane in Q1 2024 as companies embraced remote and hybrid work and re-examined their office footprints.

March 2024 Industrial Report

Industrial Sale Prices Hold Firm Amid Normalizing Demand and Shifting Capital Markets

By Timea-Erika Papp | March 28, 2024

Despite the decline in sales over recent quarters, the average sale price of industrial properties has remained high, increasing by 9.6% quarter-over-quarter and 2.0% year-over-year.

CommercialEdge March 2024 Office Report

U.S. Office Market Continues to Navigate Demand Shifts

By Evelyn Jozsa | March 22, 2024

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 Declines 

By Evelyn Jozsa | March 14, 2024

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 Rates 

By Evelyn Jozsa | February 27, 2024

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   

By Evelyn Jozsa | February 20, 2024

The 2024 office market outlook suggests an increase in these discounted sales, driven by high rates and reduced demand.

2023 Industrial Sales Total $52 Billion, Roughly Half of 2022 Volume

By Evelyn Jozsa | January 26, 2024

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

By Evelyn Jozsa | January 23, 2024

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

By Evelyn Jozsa | December 27, 2023

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

By Evelyn Jozsa | December 19, 2023

Demand for office space is down, expenses are up and values have dropped, while maturing loans continue to pressure the sector.

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