Office Reports

Maturing Loans Point to Increased Uncertainty in the Office Sector 

By Evelyn Jozsa | March 21, 2023

With weak demand and high interest rates, refinancing offices will be challenging unless they include solid leases with high-quality tenants.

Weak Demand, Falling Prices and Potential Distressed Activity Predict Muted Sales for 2023 

By Evelyn Jozsa | February 17, 2023

Amid economic uncertainties and vacancy woes, the sector is expected to record one of the smallest sales volumes since the Great Recession.

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.

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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