Office

National-office-report-November

office market report

November 2024

Office Continues to Struggle in Adapting to New Workplace Dynamics 

As shifting work trends drive demand for flexible office spaces, the coworking sector emerges as a bright spot in the office landscape.

October-Office-Report

Office Market Report

October 2024

Despite Return-to-Office Mandates, Downsizing and Vacancy Upticks Persist 

Despite back-to-office policies from high-profile companies, office utilization remained unchanged and vacancy rates continued to rise.

National Office Report September 2024

Office Market Report

September 2024

Life Science Grapples with Oversupply and Weakened Demand 

With 26.4 million square feet underway and reduced demand, the life science sector is experiencing a supply glut, leading to increased vacancies in major hubs.

August 2024 Office Report

office market report

August 2024

Interest in Office Conversions Grows Amid Rising Vacancies and Discounted Sales 

Over 1.2 billion sq. ft. of U.S. office space (14.8% of stock) are solid candidates for residential conversions, according to our tool.

July-Office-Report

office market report

July 2024

Office Market Distress Persists Amid Rising Defaults and Maturing Loans 

Distress in the office market persists with over $260 billion in office loans maturing and a growing delinquency rate.

commercialedge office market report

office market report

June 2024

Sales Activity Remains Slow as Discounted Office Sales Jump to 30% 

As of May this year, there have been 600 office sales, an increasing number of which are being sold at discounts.

CommercialEdge Office Report May 2024

The Distressed Office Market Continues to Unfold Amid Stagnating Demand and Falling Property Values

In March, several markets had average DSCRs below 1.0, including Brooklyn (0.81), Chicago (0.90) and Cleveland (0.96), CommercialEdge shows.

04Apr_CEdge_Office Report

Q1 2024 Office Sales Dip to $5.4 Billion, 17% Below Last Year’s Figure

Office sales continued to wane in Q1 2024 as companies embraced remote and hybrid work and re-examined their office footprints.

CommercialEdge March 2024 Office Report

U.S. Office Market Continues to Navigate Demand Shifts

As the office market navigates trends shaping the sector in recent years, we anticipate an uptick in distress activity and discounted sales.

2024 to Witness Record Life Science Deliveries as Traditional Office Construction Declines 

Life science facilities are an attractive office subtype, representing 27% of total office projects slated for completion by the end of 2024.

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