#MarketUpdate
Manhattan Office Pipeline Stuck, but Leasing Up
Manhattan landlords inked several large leases in May.
Los Angeles Office Development Stalls
The market had just 1.0 percent of total stock underway.
Office Construction Increases in Dallas-Fort Worth
Three more projects entered the market’s pipeline in April, according to CommercialEdge.
Office Construction Progresses in Phoenix
More than 1.3 million square feet were underway in April, according to CommercialEdge.
San Francisco Vacancy Slightly Improves
Vacancy rates in San Francisco went down month-over-month, but still lag behind most gateway markets, CommercialEdge data shows.
Manhattan’s Incoming Office Stock Shrinks
The borough’s total pipeline, however, remains the largest in the country.
Investors Preference for MOBs Still High in Phoenix
All office transactions of April pertained to this alternative asset class, according to CommercialEdge.
Austin Office Development Still Strong
Several office towers are moving forward with construction.