#MarketUpdate
Austin Market Update: Texas Charm Continues to Lure
The city’s under construction and planned office stock rate was quadruple the national average, according to CommercialEdge.
NYC Market Update: Development Cautiously Progresses
Chelsea is currently the busiest submarket for office projects, with roughly 8 million square feet underway, according to CommercialEdge.
Miami Market Update: Development Pipeline Holds Steady
As of April, 2.4 million square feet of office space was under construction in the metro, according to CommercialEdge.
San Francisco Market Update: Catching Up
Of the 66 projects currently underway in the Bay Area, only 22 have broken ground since the beginning of 2020.
Phoenix Market Update: Office Pipeline Stays Full
Nearly 2.4 million square feet were under construction across the metro as of April, according to CommercialEdge information.
Dallas-Fort Worth Market Update: Development Holds the Line
The Metroplex had nearly 7.2 million square feet of office space underway as of April, representing 2.7 percent of stock, according to CommercialEdge data.
Los Angeles Market Update: Prepped for Recovery
Six office properties were completed across the metro in the first quarter, totaling more than 400,000 square feet.
NYC Market Update: Development Increases YOY
Pandemic-induced uncertainty didn’t entirely intimidate investors, as the market’s under-construction office stock ticks up, according to CommercialEdge.
Los Angeles Market Update: Slow to Recover
Although prices show signs of recovery, few properties traded during the first quarter.
Phoenix Market Update: Investment Activity Picks Up
Nearly 1.4 million square feet of office space traded across the metro in March, marking a 215 percent jump from February, according to CommercialEdge data.