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:…
Category: Office Reports
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…
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…
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…
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.
