Market Reports
Tech Sector Woes Continue to Put Pressure on Major Office MarketsÂ
In a challenging economic environment, tech companies continue to trim their office footprint, pushing up vacancy rates.
Industrial Sector Ends Q1 with Strong Fundamentals Amid Continued Economic WoesÂ
Although transaction activity slowed considerably in Q1, industrial remains among the most desirable asset classes.
Q1 Records Only $6.5 Billion in Office Sales as Decreasing Demand Brings 66% Year-over-Year Drop
With so many headwinds impacting the sector, office landlords are faced with tough decisions as the future of offices remains unclear.
Industrial Sector Remains Undeterred Despite Economic Slowdown
Albeit transactions slowed across commercial real estate sectors, the first two months of the year saw $3.9 billion in industrial sales.
Maturing Loans Point to Increased Uncertainty in the Office SectorÂ
With weak demand and high interest rates, refinancing offices will be challenging unless they include solid leases with high-quality tenants.
Port Markets and Logistics Hubs Record Hefty Premiums for New Industrial Leases
Industrial leases signed in the last 12 months reached a national average of $9.01 per square foot, $1.88 more than in-place contracts.
Weak Demand, Falling Prices and Potential Distressed Activity Predict Muted Sales for 2023Â
Amid economic uncertainties and vacancy woes, the sector is expected to record one of the smallest sales volumes since the Great Recession.
2022 Sets Industry Record with 450 Million Square Feet of Deliveries
While industrial deliveries hit a new high in 2022, supply is still behind demand, and 2023 is set to be another robust year for development.
U.S. Office Market Closes 2022 with Still-Rising Vacancies & Declining Sales
Higher interest rates will likely hamper new supply as well as sales activity in 2023, while tenants’ flight-to-quality expected to persist.
Despite Record New Supply, National Industrial Vacancy Dips Below 4%Â
More than 742 million square feet of industrial space was under construction at the end of November as demand continues to outstrip supply.
