#MarketUpdate
Office Sales Stall in San Francisco
Pricing and transaction volume dipped dramatically to start the year, CommercialEdge reports.
April Office Sales Downshifted in Dallas-Fort Worth
The metro’s office sales recorded a 60.2 percent drop month-over-month in April.
Austin Investment Activity Still Slow
Office deals were scarce in the first four months of 2022, amid the market’s booming construction scene.
Office Construction Activity on the Rise in Miami
The Florida metro had the largest relative office stock among gateway cities in April.
LA Office Sales Strong in April
Although a decrease from the previous month, L.A. is still among the top three metros for office sales.
NYC Office Sales Volume Was Low in April
New Jersey and Brooklyn outperformed the Big Apple that month.
LA Office Vacancy Improves in April
Leasing activity in the market’s CBD increased for the first time this year.
Miami Investment Volume Increased in April
A total of ten office deals closed in the metro that month, boosting the metro’s overall investment volume for the year.
Steady Office Vacancy in Dallas-Fort Worth
The metro’s vacancy rate held steady at 17.3 percent.
Manhattan’s Office Vacancy Woes Continue
The metro is no longer among the top 5 markets for lowest office vacancy rate in the country.