New York-based real estate firm Tishman Speyer has sold the 2000 K St. NW property near Farragut West Metro station for $140.2 million, according to the Business Journal, which cited documents filed with the Washington,…
Author: Matthew Preston
Microsoft’s decision to vacate its 1.9 million square feet of office space in downtown Bellevue, Wash., marks a significant transition for the city’s office market. The tech giant announced last year that it would not…
Despite the normalization of demand for industrial space and the rising cost of capital, most markets covered by Commercial Edge have experienced an increase in average sales prices this year. In fact, the latest industrial…
Two recent deals at 30 Hudson Yards continue to demonstrate the growing preference by tenants for newer buildings versus older ones. Warner Bros. Discovery (WBD) — the largest tenant at the 2.6-million-square-foot Midtown Manhattan property…
The June industrial report from CommercialEdge highlights a persistent decline in the under-construction pipeline with fewer new projects starting than at any time in the last decade. Specifically, since the beginning of the year, 177.8…
Despite the ongoing normalization of demand and the shrinking industrial construction pipeline, the valuation of industrial space continues to increase. According to CommercialEdge’s industrial report for June (as of May 2024), the national average sales…
The national industrial report published by CommercialEdge in May 2024 shows a market that’s currently adjusting to an economic environment shaped by factors such as higher interest rates, labor costs and other expenses. Concurrently, the record…
Key Takeaways: With 7.8 million square feet under construction, Phoenix West leads the nation with the largest industrial construction pipeline among the top 100 largest submarkets. Nine Southern submarkets secured spots within the top 20…
With record levels of new industrial space supply, vacancy rates are on the rise. However, the latest industrial report from CommercialEdge reveals that sales prices are up due to one significant deal, while rent growth…
New York investment firm Clarion Partners has acquired the newly built TIA Logistics Center — a 245,000-square-foot, Class A industrial warehouse near Tampa International Airport — for $49 million (roughly $200 per square foot). Located…
