E-Commerce Continues Driving Industrial Growth
As rents rise in land-constrained coastal markets, developers are shifting their focus inland, the latest CommercialEdge report shows.
Rising Sublease Rates Boost Office Vacancy
Available sublease space more than doubled in 20 of the top 30 markets covered by CommercialEdge.
Industrial Demand Builds Inland
Accelerated absorption kept vacancies low and rents growing, while development continued its shift toward markets with greater land availability, the latest CommercialEdge report shows.
Tech Sector Leads the Way Back to the Office
The push comes as all major markets continue to record double-digit vacancy, CommercialEdge reports.
Vacancy Drives Industrial Pricing Surge
Bolstered by a broader economic recovery in 2021, rents and sale prices will continue to grow, particularly in supply-constrained coastal markets, the latest CommercialEdge report indicates.
Record Industrial Demand Pushes Sector Forward
Nationally, rents rose 5.1 percent year-over-year in January as vacancy continued to fall, the latest CommercialEdge report shows.
National Industrial Report – January 2021
Rents in the sector increased 4.8 percent last year, according to the first industrial survey by CommercialEdge.
Manhattan Office Report – Spring 2019
Although more than 14,600 professional and business services jobs were added in the metro, the financial activities sector lost 1,500 positions due to industry restructuring and business consolidations.
San Francisco Office Report – Spring 2019
The metro’s economy continues to expand steadily as a center of the technology and financial industries, and it remains a destination for a young, educated workforce.
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