Market Reports

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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Loans on Nearly 1 in 5 Class B Offices to Mature Soon. Where Are the Hotspots?  

By Evelyn Jozsa | September 7, 2023

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 Hikes 

By Evelyn Jozsa | August 24, 2023

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

By Eliza Theiss | August 23, 2023

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

By Evelyn Jozsa | July 27, 2023

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 2023 

By Evelyn Jozsa | July 19, 2023

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

By Evelyn Jozsa | June 27, 2023

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

By Evelyn Jozsa | June 20, 2023

Remote work is yet another challenge disproportionately impacting tech markets, pushing up office vacancy rates.

Industrial Development Slows as Sector Adapts to Economic Conditions

By Evelyn Jozsa | May 31, 2023

While the amount of space under construction remained high, new starts have started to slow, reflecting the current economic issues.

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