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.…
Category: Commercial Real Estate Reports
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…
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 CommercialCafe 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 CommercialCafe’s office report notes that the national average sale price…
