Manhattan has reclaimed its position from the end of 2023 as the top market in the country for office sales volume through June, according to the latest office report from CommercialEdge. Surprisingly, before June, Manhattan…
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,…
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…
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…
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…
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.
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…