Market Reports

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.

Industrial Sector Maintains Momentum Despite Uptick in Vacancy Rates   

By Evelyn Jozsa | November 27, 2023

Industrial vacancy rates rose 70 basis points from 3.9% in January 2023 to 4.6% in October but remained unchanged month-over-month.

Office Projects Face Delays, Cancelations as Uncertainties Linger

By Evelyn Jozsa | November 17, 2023

About 31 million square feet of new office space began construction in 2023, nearly half of the starts from the last two years.

CEdge Market Bulletin Nov23

Office Mortgage Maturities Signal Coming Distress

By Paul Fiorilla | November 9, 2023

The volume of loan maturities is concerning as weaker demand, rising costs and lower property values squeeze office owners while banks and investors reduce exposure to offices.

October Industrial Featured Image

Industrial Transactions Still Muted as Bid-Ask Gap Holds Firm  

By Evelyn Jozsa | October 26, 2023

Sellers have yet to readjust price expectations, as buyers are unwilling to pay high prices amid expensive and limited financing options.

National Office Sales Volume at $25 Billion Through the First Three Quarters of 2023

By Evelyn Jozsa | October 19, 2023

The average sale price per square foot fell 21% Y-o-Y, with properties trading at an average of $198 per square foot through Q3 2023. 

Industrial Report September 2023

2023 Industrial Construction Starts Dip One-Third from Last Year

By Evelyn Jozsa | September 26, 2023

Competition for industrial space will increase in 2024 and 2025, but we anticipate construction starts to pick up again in 2026.

Office Report September 2023

Office Vacancy Rates Continue to Rise Despite Return-to-Office Mandates 

By Evelyn Jozsa | September 18, 2023

The U.S. office vacancy rate reached 17.5% at the end of August, rising 260 basis points over year-ago figures.

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