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…
At the end of May, vacancy rates continued climbing in Western tech markets, while there are indications that the glut of life sciences space may lead to oversupply in select areas.
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…
In April 2024, several U.S. office markets saw their debt service coverage ratios below 1 or between 1 and the 1.25 minimum required by most lenders, indicating potential future distress in the industry. At the…
During the last couple of decades, what constitutes “the place to be” for people working within a certain industry has changed quite a bit. To that end, although cities such as Los Angeles and New York…
The CHIPS and Science act in conjunction with other government initiatives to bring manufacturing capacity back to U.S. soil are leading to an unprecedented spike in construction of manufacturing space. We set out to rank…
In March 2024, several markets recorded vacancies above 20% as the national office vacancy rate ticked up to 18.2%. New construction starts are also significantly lower than previous years, indicating further struggle in the office…
Despite a downturn in industrial sales volume attributed to higher interest rates, tightened capital markets and a shift toward normalizing demand, the industrial property market hasn’t seen any significant discounts. Even with sales figures experiencing…
With office property sales totaling $3.6 billion year-to-date, the market continues navigating ongoing challenges. Washington, D.C. recorded the largest sales volume nationwide, mostly driven by a single high-profile headquarters relocation.
Key Statistics: 865,000 square feet: Size of the largest property set for a 2024 delivery — phase two of Oyster Point in San Francisco 10.9 million square feet: Current size of Boston’s life sciences pipeline,…
