Office Reports
Office Starts Slump in Gateway Markets but Advance in the Sunbelt
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
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
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
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
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.
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.
First Quarter Closes with Nearly $19 Billion in Nationwide Office Sales
Nationally, $18.9 billion in office sales were recorded in the first quarter of 2022, with over $7.5 billion signed in just six top markets.
Office Listing Rates Post 1.2% Y-o-Y Rise as Employers Resume Return-to-Office Plans
Office rents and vacancies remained stable through February as the construction pipeline continued to contract.
Demand for Medical Office Buildings on the Rise as Strong Office Sales Mark New YearÂ
Office construction pipeline declines, while medical office buildings continue to attract increasing amounts of investor attention.
Asking Rates Up 1.8% Y-o-Y as Omicron Further Delays Return to Office
Office leasing rates average $38.44 per square foot as firms consider shift to hybrid work models.
