Chicago’s office market continues to face distress-driven pricing with sale prices falling sharply. According to CommercialEdge, through February 2025, office assets traded at an average of $67 per square foot — the second-lowest among major…
Category: Commercial Real Estate Reports
The latest U.S. office report from CommercialEdge highlights strong liquidity inflows, stabilizing vacancies in many cities and a slight uptick in rents. Specifically, the national average full-service equivalent listing rate for office space hit $33.41…
Savannah now leads in terms of industrial space in the pipeline as nationwide construction continues slowing. Electric vehicle factories and chip plants now dominate the ranking of largest properties currently underway.
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…
Sprawling cities in the southern U.S. region see significant growth in the medical office sector and developers are hard at work catching up to the largest healthcare real estate markets in the U.S.
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…
Self storage has experienced impressive growth alongside more established real estate sectors. According to a recent report from our sister division StorageCafe, self storage has seen the most significant inventory growth among major real estate…
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…
On Dec. 30, Namdar Realty Group and Mason Asset Management acquired the 57-story office tower at 70 W. Madison St. in Chicago for $85 million. Spanning 1.44 million square feet, the building ranks among the…
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.
