$58B National Industrial Sales Total Nears National Office Sales Volume
After 7 consecutive quarters of growth, in Q3 2022 the national average sale price came in $6 below Q2, resting at $131/sq. ft.
Eliza Theiss
Life Sciences Continue Driving Demand for Office
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.
Supply Chain Disruptions Contribute to Historic Highs in Industrial Lease Spreads
National lease spread hits historic high at $1.45 per square foot, with some markets, like Los Angeles, are seeing gaps as wide as $4.89.
Coworking Rebounds as Solution to New Office Use Models
Demand for coworking spaces nears pre-pandemic levels, even as office vacancies continue to climb, hitting 15.1% nationally.
Industrial Sales Volume Nears $40B Mid-Year as Q2 Marks 7th Consecutive Quarter of Price Gains
Q2 closes as the 7th consecutive quarter of price increases for industrial assets, with the national average sale price reaching $138/sq. ft.
Office Sales Total $43.7 Billion, National Vacancy Rate Hovers at 15.2% Halfway Through 2022
Boston remains the only leading market where the vacancy rate is under 10% thanks to strong life sciences sector.
Coastal Markets Remain Under Pressure: Inland Empire Squeezed to 0.6% Vacancy Rate
The national vacancy rate contracted to 4.7%, as sustained demand for industrial space continues to tighten vacancies across the U.S.
National Office Sales Volume Surpasses $35 Billion
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.
National Industrial Sales Price Climbs to $135 PSF Year-to-Date
The national industrial sales price reached $135 PSF for a $19 billion year-to-date total, despite slower sales activity than in 2021.
Austin Claims 7% of National Office Construction Pipeline Amid Growing Investor Interest
Growing investor interest has pushed Austin’s to over 10MSF of under construction office space, the highest figure nationwide.