#MarketUpdate
Austin Office Vacancy Continues to Shrink
Office vacancy is moving on a downward trajectory this year in Austin, according to CommercialEdge data.
Miami’s Office Vacancy Holds Steady
The Magic City recorded one of the largest year-over-year drops in vacancy across all U.S. markets.
Office Vacancy Plateaus in Phoenix
The market’s average remained at 15.1 percent, according to CommercialEdge.
Austin Office Investment Lacks Momentum
In the first quarter of 2022, the Texas capital recorded one of the lowest transaction volumes across the Sun Belt region.
Office Sales Decreased Across the Bay in Q1
Despite a decline from previous quarters, office sales in the Bay Area generated more revenue than most gateway markets.
Austin: Office Development Forged Ahead in Q1
Several significant developments were added to the market’s office pipeline in recent months.
LA Office Investment Strong in Q1
Sales were concentrated in entertainment and media production neighborhoods.
Office Investment Surges in Dallas-Fort Worth
More than 5.7 million square feet traded in the Metroplex in the first quarter of 2022.
Office Deals Cooled Off in Miami During Q1
Although Miami recorded the lowest deal volume among gateway markets, the average price per square foot is up year-over-year.
Q1 Phoenix Office Sales Up Year-Over-Year
More than 2.8 million square feet of space traded across the market during the first quarter.