#MarketUpdate
Los Angeles Market Update: Office Pipeline Shrinks
As of August, Los Angeles had 7.9 million square feet of office space under construction, representing 2.8 percent of total stock, according to CommercialEdge data. Construction starts have slowed down, and month-over-month the pipeline shrunk by 3.6 percent. Construction activity is on par with last year’s figures—Los Angeles had 7.9 million square feet under construction in August 2020 as well. With just over 5.9 million square feet of office space that remains slated for a 2021 completion, Los Angeles is bound to outperform 2020’s activity—which saw the addition of 2.3 million square feet of new office space. However, it is…
Austin Market Update: Vacancy Follows National Trend
The city’s rate dipped below 16 percent, according to the latest data from CommercialEdge.
Los Angeles Market Update: Vacancy Increases to Q1 Level
Office leasing activity remains low, with most submarkets recording small changes in vacancy.
Phoenix Market Update: Office Vacancy Keeps Improving
The Valley’s leasing activity received another boost, according to the latest CommercialEdge data.
NYC Market Update: Investment Activity Still Slow
Major deals were scarce overall this summer, but some investors paid big dollars for stakes in major assets, according to CommercialEdge.
Austin Market Update: Transactions Ride Positive Momentum
After a big jump, office properties are commanding some of the nation’s highest prices per square foot, the latest CommercialEdge data shows.
Phoenix Market Update: Deals Drop Sharply
Despite the month-over-month decline in office sales, trades jumped significantly compared to last year, according to CommericialEdge data.
Dallas-Fort Worth Market Update: Office Pipeline Keeps Pace
Upward of 5 million square feet is in the works, according to the latest CommercialEdge report.
Phoenix Market Update: Small Pipeline Growth
As of this summer, less than 2 million square feet was under construction, according to CommercialEdge data.
NYC Market Update: The Right Time for Redevelopments
Manhattan landlords have seized pandemic-induced vacancies to upgrade their outdated assets.
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