Between 2014 and 2023, the total number of people who switched jobs continued to grow, effectively only recording a somewhat noteworthy dip at the very onset of the pandemic in 2020. At the start of…
Category: Commercial Real Estate Reports
The office vacancy rate in San Francisco climbed to 28.4% in May, following a 330-basis-point year-over-year increase — the highest among major U.S. markets, according to Yardi Matrix Research. Yet asking rents remain relatively strong:…
Austin, Texas, continues to stand out among major U.S. office markets for both its elevated vacancy rate and the scale of its development pipeline. At the end of April, vacancy hit 28.9%, second only to…
In 2025, the U.S. life sciences market is at a turning point after a decade of rapid growth and volatility: A steady bull run starting in 2015 gave way to a pandemic-driven race to build…
The U.S. office market remains in reset mode. Vacancy is high, construction has slowed and demand continues to shift away from traditional downtown cores. Specifically, central business districts (CBDs) are bearing the brunt of the…
Boston’s office market is still working through the fallout from a life sciences cooldown: Overall vacancy rose to 17.1% in April — a 470-basis-point (bps) increase year-over-year — according to the latest CommercialEdge office report.…
The story of Chicago’s office market continues to revolve around its biggest buildings — and its biggest challenges. Willis Tower, the city’s largest office asset at 233 S. Wacker Drive, is a prime example. Once…
Although not ranked among the top 25 U.S. office markets, the southern Florida city broke ground on 1.4 million square feet of office space in early 2025 — a figure that eclipses many major markets.
Early 2025 finds the U.S. office market dealing with an increase in distressed property sales and stubbornly high vacancy rates: First-quarter data in the latest office report from CommercialEdge confirms that the expected rise in…
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…
