The national office sales volume topped $68B in November while vacancies averaged 15.2%.
Port markets still lead the nation in rent expansion, with vacancy rates in certain areas tightening to as low as 1%.
September 2021 lease rate and vacancy stats for top U.S. industrial markets & insights on industry and economic recovery fundamentals.
The national leasing rate saw a 1.2% yearly increase while the sales volume topped $50 billion.
Port markets continue to top asking rents, sale prices and tight vacancy rates, with select Southeastern hubs following.
Average office asking rents in Tampa saw a higher year-over-year increase than Los Angeles office space, in August.
Port markets in Southern California lead rent growth, sales volume tops $1B in two new markets and Phoenix pipeline shows no signs of slowing.
The emergence of the delta variant is pushing back return-to-office dates, but rents remain stable and vacancies are cooling.
Austin’s office market has been outpacing other Texas office markets in the last year as companies relocate from other place. After peaking in March, vacancies are starting to taper off.
As global trade routes reopen, West Coast port markets are seeing significant increases in activity. Naturally, this translates to high occupancy and vacancy rates of below 2%, as well as lease spreads of nearly $2 per square foot.
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