Office

U.S. Office Market Closes 2022 with Still-Rising Vacancies & Declining Sales

By Eliza Theiss | January 19, 2023

Higher interest rates will likely hamper new supply as well as sales activity in 2023, while tenants’ flight-to-quality expected to persist.

Tech Sector Downsize Further Challenges Office Recovery  

By Eliza Theiss | December 15, 2022

The average listing rate for office space stood at $38.06 in November, while vacancies rested at 16.2% across the top 50 U.S. office markets.

Office Vacancy Rates Continue to Climb Across the Country in 2022

By Eliza Theiss | November 17, 2022

The average listing rate for office space stood at $37.94 in October, while vacancies rested at 16.3% across the top 50 U.S. office markets.

The Future of Office 2023: Clarity, Adjustments and Emerging Trends

By Eliza Theiss | November 4, 2022

Two plus years into the pandemic, the status quo in the office sector is uncertainty, with conflicting outlooks for all facets of the industry.

BOMA Study Office Tenants, Owners and Managers Pivot Toward Reimagined Work Environment

BOMA Study: Office Tenants, Owners and Managers Pivot Toward Reimagined Work Environment 

By Timea-Erika Papp | October 24, 2022

Following two and a half years of transformation, workplace perspectives and views on the office sector are stabilizing.

Office Starts Slump in Gateway Markets but Advance in the Sunbelt

By Eliza Theiss | October 11, 2022

The average listing rate for office space stood at $35.67 in September, while vacancies rested at 16.6% across the top 50 U.S. office markets.

Life Sciences Continue Driving Demand for Office

By Eliza Theiss | September 20, 2022

Trading at an average $645/sq. ft, life science properties are selling for 150% higher than the $258/sq. ft average of general office buildings.

Coworking Rebounds as Solution to New Office Use Models

By Eliza Theiss | August 18, 2022

Demand for coworking spaces nears pre-pandemic levels, even as office vacancies continue to climb, hitting 15.1% nationally.

Office Sales Total $43.7 Billion, National Vacancy Rate Hovers at 15.2% Halfway Through 2022

By Eliza Theiss | July 19, 2022

Boston remains the only leading market where the vacancy rate is under 10% thanks to strong life sciences sector.

National Office Sales Volume Surpasses $35 Billion

By Eliza Theiss | June 16, 2022

More than $8B in office sales were recorded in May nationally, raising the number of cities with more than $1B in office sales from 10 to 14.

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