Market Reports

us office lease rate and sales report april 2021

U.S. Office Lease Rates Inch Upward, Vacancy Still in Double Digits

By Ioana Ginsac | April 22, 2021

Both lease rates and office vacancy saw modest Y-o-Y increases in March 2021, but investors did not shy away from spending record amounts in top office markets.

CommercialEdge National Industrial Report March 2021

CommercialEdge National Industrial Report March 2021

By Andreea Popescu | March 25, 2021

Industrial space sale prices grew 10% since Q4 2020. In the first two months of 2021, total sales nationwide amounted to $4.7 billion. Over the last 12 months, industrial rents grew 5.1% & by over 7% in port markets. Thus far in 2021, 41.7 million sq. ft. of new stock was delivered.

CommercialEdge National Office Report March 2021

CommercialEdge National Office Report March 2021

By Andreea Popescu | March 18, 2021

By February 2021, U.S office vacancies grew 40 bps M-o-M to 15% and 160 bps Y-o-Y. Austin, San Francisco, and Seattle had the greatest increase in vacancies nationwide at 720 bps, 480 bps, and 450 bps, respectively. U.S. office-using employment fell 3.4% Y-o-Y.

CommercialEdge National Industrial Report February 2021

CommercialEdge National Industrial Report February 2021

By Andreea Popescu | February 25, 2021

High demand for U.S. industrial space meant that those who leased in the past 12 months paid an avg. of $7.50 per sq. ft. – a 5.1% increase Y-o-Y. Record trade activity in the Ports of Los Angeles and Long Beach fueled demand – imports grew 4.8% year-over-year in December 2020. By February 2021, 27.8 million sq. ft. of new stock was delivered.

CommercialEdge National Office Report February 2021

CommercialEdge National Office Report February 2021

By Andreea Popescu | February 25, 2021

By January 2021, U.S. office-using employment fell 3.3%. Office vacancies increased 40 basis points to 14.6% and 80 basis points Y-o-Y.

CommercialEdge National Office Report January 2021

CommercialEdge National Office Report January 2021

By Andreea Popescu | February 12, 2021

By December 2020, U.S. office vacancies increased 40 basis points to 14.2% and office-using employment fell 3.4%.

CommercialEdge National Industrial Report January 2021

CommercialEdge National Industrial Report January 2021

By Andreea Popescu | January 28, 2021

E-commerce fueled demand for industrial space causing rents to grow 4.8% Y-o-Y in December 2020 and sale prices to grow 7.8% over the course of the year. More new industrial space was constructed – 228.4 million square feet – than at any other time this century.

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