Office Reports
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.
U.S. Office Transactions Overtake 2020 Volume While Vacancies Remain Stable
The national office sales volume topped $68B in November while vacancies averaged 15.2%.
Office Leasing Rates Remain Stable as the Average Vacancy Rate Dips Below 15%
The national leasing rate saw a 1.2% yearly increase while the sales volume topped $50 billion.
Asking Rents Plateau at 1.2% YoY, Pipeline Shrinks Below 157MSF Under Construction
Average office asking rents in Tampa saw a higher year-over-year increase than Los Angeles office space, in August.
Office Asking Rates Hold Steady as Vacancies Plateau Across Markets
The emergence of the delta variant is pushing back return-to-office dates, but rents remain stable and vacancies are cooling.
