Office
The Future of Office 2023: Clarity, Adjustments and Emerging Trends
Two plus years into the pandemic, the status quo in the office sector is uncertainty, with conflicting outlooks for all facets of the industry.
BOMA Study: Office Tenants, Owners and Managers Pivot Toward Reimagined Work EnvironmentÂ
Following two and a half years of transformation, workplace perspectives and views on the office sector are stabilizing.
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.
