Philadelphia’s office vacancy rate reached 19.6% in January – an increase of 570 basis points from the previous year and the highest in the Northeast. While this figure is just below the national average of…
Author: Matthew Preston
Key Takeaways Despite a 39% pipeline contraction (now 6.67 million square feet [MSF]), Boston remains the unrivaled leader. Since 2015, the metro has added 13.4 MSF to bring the total inventory to 33MSF — almost…
Houston’s industrial sector has maintained strong activity heading into 2025. Back in 2024, the market saw $3.4 billion in industrial sales, trailing only Dallas nationally. A standout transaction within this volume was private equity firm…
Federal incentives, global shifts and renewed efforts to bring supply chains stateside have caused U.S. manufacturing construction spending to triple since 2021. According to the latest CommercialEdge industrial report, 100 million square feet of industrial…
Fast-fashion retailer Shein has pulled off the sublease market its 1 million square feet of industrial space at 36500 Cherry Valley Blvd. in the Inland Empire, Calif., I-10 Logistics Center, according to Bisnow. The company…
Miami’s office market has recorded its largest lease of 2025 so far, according to multiple sources: TracFone Wireless, a Verizon subsidiary, signed for more than 51,000 square feet in the Waterford Business District near Miami…
San Francisco’s office market continues to see the AI industry boost leasing activity. Fast-growing AI startup Sierra has expanded its leased space to 82,000 square feet at 235 Second St. in the South of Market…
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…
CBRE has finalized an agreement to acquire prominent coworking operator Industrious for $400 million, bringing its ownership from 40% to full control. The transaction values Industrious at $800 million and is expected to close later…
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…
