#MarketUpdate
Office Transaction Volume Held Steady in Manhattan in Q1
The borough’s consistent transaction volume was eclipsed by several other markets, including neighboring New Jersey.
Phoenix Office Construction Downshifts
Development activity slowed down in the market, while some leasing improvement was still visible.
Office Construction Up Across the Bay in Q1, Vacancy Lagging
Major life science projects are boosting development in the market.
Miami Office Pipeline Doubles Since 2020
The city’s vacancy rate is one of the lowest in the country.
L.A. Office Sector’s Mixed Performance in Q1
Office development activity was robust through the first quarter, while vacancy recorded little to no improvement.
Manhattan’s Office Pipeline Remained Flat in Q1
The borough’s vacancy rate almost doubled since the onset of the pandemic, according to CommercialEdge.
Dallas-Fort Worth’s Office Market Steadies
Both construction and leasing activity sailed smoothly across The Metroplex.
Bay Area Office Sales Close to $1B in February
Investors targeted stabilized assets across both sides of the Bay.
Miami Office Transaction Volume Decreases YOY
The market recorded the lowest sales activity among gateway cities in the first two months of the year.
Austin Office Sales Lag in First Months of 2022
Deals in the Texas capital turned in one of the lowest totals across U.S. markets.