For decades, large cities have dominated the job market. Much of this is due to the geographic superstar effect: Major companies gravitate to high-density urban centers, leading to lopsided prosperity gains as less-populated areas get…
Category: Office Reports
Commercial and residential real estate has undergone significant transformations in the last decade, from the post-WW2 baby boom and industrial expansion to the current status quo of urban renewal, reshoring and office-to-residential conversions.
Which U.S. markets were the top destinations for investment since 2020? We looked at data on office sales recorded during the first five years of the decade to find out.
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…
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 CommercialCafe 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 CommercialCafe confirms that the expected rise in…
