Market Reports
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.
Driving Force Behind U.S. Industrial Market: E-Commerce
U.S. industrial lease rates continued to climb in April while vacancy held steady at 6.1%. Sales activity accelerated, closing out April with $5.1 billion in industrial transactions nationwide.
Growth of U.S. Office Lease Rate Stalls, Spikes in Sublease Rates Keep Vacancy Climbing
Despite rising vacancy, average office lease rates across the top 50 markets in the U.S. continue to follow an ascending trend.
Growth of E-Commerce & Manufacturing Continue to Boost U.S. Industrial Market
As U.S. industrial lease rates climbed 4.4% YoY, vacancy held steady in March 2021, and sales activity exceeded $8 billion in first quarter transactions.
U.S. Office Lease Rates Inch Upward, Vacancy Still in Double Digits
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
U.S. industrial rents grew 5.1% & over 7% Y-o-Y in coast markets. The PPS grew 10% since Q4 2020. Construction will boom in inland markets.
CommercialEdge National Office Report March 2021
In February 2021, U.S. office vacancies increased 40 bps M-o-M & 160 bps Y-o-Y – standing at 15%. U.S. office-using employment fell 3.4%.
