#MarketUpdate
DFW Doubles Office Construction
More than 10 million square feet were underway as of May, the latest CommercialEdge report shows.
Austin Office Vacancy Exceeds National Average
Vacancy in the Texas capital rose 20 basis points month-over-month, according to the latest CommercialEdge report.
LA Office Investment Activity Stays Strong
Year-to-date through May, office investment activity in Los Angeles was one of the most heightened in the nation.
Miami Investment Volume Lowest Among Gateway Markets
Office deals decreased by $90 million on a year-over-year basis through May.
Austin’s Office Development Boom Continues
The Texas capital’s office development forged ahead in May, with 8.8 million square feet under construction across the metro.
Phoenix Office Pipeline Picks Up the Pace
Planned and in-progress projects are on the rise, according to CommercialEdge.
Office Development on Track Across Bay Area
The San Francisco Peninsula, along with the East and South Bay markets had strong levels of office development activity in May.
Miami’s Office Vacancy Slips
The South Florida metro registered one of the biggest year-over-year drops in office vacancy in the country.
Miami Office Development on the Right Track
The metro’s office pipeline more than doubled in the past 12 months.
Office Vacancy Rises in Dallas-Fort Worth
The index recorded a 70-basis-point increase month-over-month in May.