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.
Ioana Ginsac
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.
Patrick McGregor
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
Industrial space sale prices grew 10% since Q4 2020. In the first two months of 2021, total sales nationwide amounted to $4.7 billion. Over the last 12 months, industrial rents grew 5.1% & by over 7% in port markets. Thus far in 2021, 41.7 million sq. ft. of new stock was delivered.
Andreea Popescu
CommercialEdge National Office Report March 2021
By February 2021, U.S office vacancies grew 40 bps M-o-M to 15% and 160 bps Y-o-Y. Austin, San Francisco, and Seattle had the greatest increase in vacancies nationwide at 720 bps, 480 bps, and 450 bps, respectively. U.S. office-using employment fell 3.4% Y-o-Y.
CommercialEdge National Industrial Report February 2021
High demand for U.S. industrial space meant that those who leased in the past 12 months paid an avg. of $7.50 per sq. ft. – a 5.1% increase Y-o-Y. Record trade activity in the Ports of Los Angeles and Long Beach fueled demand – imports grew 4.8% year-over-year in December 2020. By February 2021, 27.8 million sq. ft. of new stock was delivered.
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