CommercialEdge Office Report May 2024

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

By Evelyn Jozsa | May 22, 2024

The wave of office distress many anticipated has yet to materialize, but many markets are exposed to potential distress.

04Apr_CEdge_Office Report

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

By Evelyn Jozsa | April 22, 2024

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

By Evelyn Jozsa | March 22, 2024

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 

By Evelyn Jozsa | March 14, 2024

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

Weak Demand, Still-Rising Vacancies Predict Downward Trend in Office Valuations   

By Evelyn Jozsa | February 20, 2024

The 2024 office market outlook suggests an increase in these discounted sales, driven by high rates and reduced demand.

U.S. Office Market Closes 2023 With $34 Billion in Sales, 60% Below the Volume Recorded in 2022

By Evelyn Jozsa | January 23, 2024

The U.S. office market has logged $33.8 billion in office sales for 2023, at a yearly average of $196 per square foot.

Office Utilization Plateaus at 50% to 60% of Pre-Pandemic Levels

By Evelyn Jozsa | December 19, 2023

Demand for office space is down, expenses are up and values have dropped, while maturing loans continue to pressure the sector.

Office Projects Face Delays, Cancelations as Uncertainties Linger

By Evelyn Jozsa | November 17, 2023

About 31 million square feet of new office space began construction in 2023, nearly half of the starts from the last two years.

CEdge Market Bulletin Nov23

Office Mortgage Maturities Signal Coming Distress

By Paul Fiorilla | November 9, 2023

The volume of loan maturities is concerning as weaker demand, rising costs and lower property values squeeze office owners while banks and investors reduce exposure to offices.

National Office Sales Volume at $25 Billion Through the First Three Quarters of 2023

By Evelyn Jozsa | October 19, 2023

The average sale price per square foot fell 21% Y-o-Y, with properties trading at an average of $198 per square foot through Q3 2023. 

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