Market Reports
Office Leasing Rates Remain Stable as the Average Vacancy Rate Dips Below 15%
The national leasing rate saw a 1.2% yearly increase while the sales volume topped $50 billion.
Record-Setting Port Activity Continues to Boost Industrial Markets
Port markets continue to top asking rents, sale prices and tight vacancy rates, with select Southeastern hubs following.
Asking Rents Plateau at 1.2% YoY, Pipeline Shrinks Below 157MSF Under Construction
Average office asking rents in Tampa saw a higher year-over-year increase than Los Angeles office space, in August.
Port Markets Record Strongest Rent Growth, Large Projects Drive Phoenix Pipeline
Port markets in Southern California lead rent growth, sales volume tops $1B in two new markets and Phoenix pipeline shows no signs of slowing.
Office Asking Rates Hold Steady as Vacancies Plateau Across Markets
The emergence of the delta variant is pushing back return-to-office dates, but rents remain stable and vacancies are cooling.
Company Relocations & Expansions Drive Austin’s Office Market Recovery
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.
More Than 1.5B SF New Industrial Space Estimated for Completion Through 2026
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.Â
Increased Interest in Life Science R&D Contributes to Leasing Volumes in Select Markets
Markets with an abundance of top tier office stock, where concessions are more negotiable than the asking prices, have partly supported the steady Y-o-Y growth of full-service equivalent listing rates throughout the pandemic.
E-Commerce Fuels Demand in Coastal Markets, Developers Are Pushing to Keep Up
Development continues at accelerated pace, working to keep up with growing demand across the country, with some markets tightening to vacancy rates of 3% and even 2%.
High-Value Office Stock Sustains Lease Rate Growth & Focuses Investor Interest
Rents have increased steadily throughout the pandemic-stressed economy. The upward trend is likely to continue, as transactions focus on high-quality, high-value assets.
