Digital Realty is advancing plans to transform a dilapidated parking structure at 727 Grand Ave. in downtown Los Angeles into a 13-story, 230,000-square-foot data center. City planning documents indicate the project will serve as a…
In October, national in-place rents for industrial properties averaged $8.22 per square foot, an increase of 6.8% year-over-year (Y-o-Y), as reported by commercial real estate (CRE) listing network CommercialEdge. While Miami led rent growth at…
Dallas-Fort Worth’s industrial market has maintained robust performance in 2024, recording over $3.3 billion in sales through September — the highest sales volume in the country. In August, the market overtook the Bay Area as…
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.
Despite record supply and economic uncertainty, the distribution and warehousing sector remains resilient. While the pandemic-driven e-commerce boom is well in the rear-view, distribution still dominated the largest industrial projects delivered so far in 2024.…
TPG Capital has inked a deal to move into The Spiral office building skyscraper at 66 Hudson Blvd. in Manhattan. Signing for 301,276 square feet across eight floors, the deal marks the second-largest relocation in…
The Sunbelt markets of Nashville, Tenn.; Atlanta; and Dallas-Fort Worth have experienced solid industrial growth throughout the last year: According to the latest national industrial report from CommercialEdge, rising rents have in the region been…
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…
According to the latest CommercialEdge national industrial report, ground has been broken on 145.3 million square feet of industrial space so far in 2024, putting this year on track to match the 195.8 million square…
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…
