At the end of May, the national listing rate for office space rested at $37.72 per square foot, six cents above the previous month but still down year-over-year. San Diego saw the largest drop in…
Category: Commercial Real Estate Reports
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…
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…
