Chicago’s office market continues to face distress-driven pricing with sale prices falling sharply. According to CommercialEdge, through February 2025, office assets traded at an average of $67 per square foot — the second-lowest among major…
Category: Office Reports
The latest U.S. office report from CommercialEdge highlights strong liquidity inflows, stabilizing vacancies in many cities and a slight uptick in rents. Specifically, the national average full-service equivalent listing rate for office space hit $33.41…
Sprawling cities in the southern U.S. region see significant growth in the medical office sector and developers are hard at work catching up to the largest healthcare real estate markets in the U.S.
In 2024, the U.S. office market continued its adjustment as sale prices declined while select asset types and regions showed early signs of stability. The latest CommercialEdge office report notes that the national average sale…
Despite economic pressures, Manhattan’s office market showed resilience in late 2024. Specifically, leasing activity rebounded in the fourth quarter, driven by finance firms hungry for top-tier space in prime locations like Park Avenue. Meanwhile, office…
On Dec. 30, Namdar Realty Group and Mason Asset Management acquired the 57-story office tower at 70 W. Madison St. in Chicago for $85 million. Spanning 1.44 million square feet, the building ranks among the…
Office attendance rates are still hovering around 51%, even as several high-profile companies such as Dell, Amazon and Meta are returning their workforces to the office.
Houston’s office market continues to grapple with elevated vacancy rates, which hit 25% by mid-2024 — a 190-basis-point increase year-over-year — to rank third nationally behind Austin, Texas, and San Francisco, according to the latest…
In September 2024, life sciences hubs have experienced some of the highest year-over-year hikes in office vacancy rates, in part due to a glut of lab and office space in life sciences properties built over…
San Francisco continues to hold its position as the West Coast’s most expensive office market with asking rents averaging $66.93 per square foot — just behind Manhattan — according to the latest CommercialEdge national office…
