data
bites

Office availability rises as Nashville tenants seek upgrades Nashville’s office market sees rising vacancies in older class A buildings as tenants favor modern, amenity-rich spaces. With a 27%...

6.2% of Manhattan inventory commanded triple-digit base rents in 2024 6.2% of Manhattan inventory commanded triple-digit base rents in 2024 https://www.avisonyoung.us/w/friendly-journal-URL  ...

Shifting migrations: northwest movement of office tenants in the CBD Discover why CBD office relocations since 2024 favor riverfront properties near transit hubs. Highlights: Ogilvie, Union...

In-depth analysis of vacancy across Charlotte’s office market https://www.avisonyoung.us/w/friendly-journal-URL – The Midtown and Southpark submarkets are demonstrating strong market performance,...

Long Island job postings for major office-using industries show surprising change since 2022 Long Island job postings for major office-using industries show surprising change since 2022...

U.S. office space in transition: Shifting demand in 2025? Explore what U.S. office trends could lead to a surge in leasing demand in 2025. https://www.avisonyoung.us/w/friendly-journal-URL Three...

MSP’s office market could see 260 bps reduction in vacancy following office to residential conversions identified in St. Paul’s downtown In this data bite, we took a look at the potential market...

Atlanta’s Midtown submarket driving up total office vacancy rates https://www.avisonyoung.us/w/friendly-journal-URL – Office vacancy rates continue to climb in Atlanta and much of the vacancy is...

Mapping the federal footprint: Locating the U.S. government’s leased square footage How much real estate does the U.S. federal government lease outside of Washington, D.C. and where is it located?...

Manhattan’s Park Avenue availability rate hits lowest value since 2018 Manhattan’s Park Avenue availability rate hits lowest value since 2018 https://www.avisonyoung.us/w/friendly-journal-URL   The...

DFW office market shows mixed recovery, but urban core nears pre-COVID levels As of December 2024, the U.S. office sector had rebounded to 60.8% of where it stood before COVID and the sector’s...

Chicago office sales catch momentum in 2025 Chicago CBD office sales hit highest quarterly volume since 2023. Driven by private investors, notable real estate sales at discounts hint at market...

New Jersey office leasing activity has increased year-over-year in 2024 New Jersey office leasing activity has increased year-over-year in 2024 https://www.avisonyoung.us/w/friendly-journal-URL  ...

Fairfield County average lease size sees year-over-year increase Fairfield County average lease size sees year-over-year increase https://www.avisonyoung.us/w/friendly-journal-URL   The average...

Long Island average office lease size sees year-over-year increase Long Island average office lease size sees year-over-year increase https://www.avisonyoung.us/w/friendly-journal-URL   The average...

MSP office leasing congregating in next-newest tier of buildings In this data bite, we looked at the historical leasing volume by different office building construction eras. In the post-pandemic...

CBD offices in Greenville and Spartanburg eclipse suburban counterparts as demand shifts to experience-driven work environments Class A offices in the central business districts of Greenville and...

Charleston's office market continues to outpace the national average Charleston continues to attract new residents and businesses, and as a result the city's office market has seen a modest...

Sublet availability in Austin continues to decline Austin’s office sublease market has gradually picked up throughout 2024, with availability rates decreasing quarter-over-quarter....

Nashville investment activity across most sectors began to rebound in 2024 Investment sales in Nashville rebounded in 2024, with office, industrial, and retail sectors experiencing year-over-year...

Market outlook: Atlanta office activity proving promising for 2025 https://www.avisonyoung.us/w/friendly-journal-URL – Although Atlanta’s 2024 office leasing activity was down 21% compared to...

From coast to coast: A regional breakdown of U.S. office recovery While office leasing is still below pre-pandemic levels across the U.S., some markets and regions are recovering faster than...

Older Long Island office buildings see year-over-year drop in leasing activity Older Long Island office buildings see year-over-year drop in leasing activity...

Fairfield County office leasing activity surges in newer buildings Fairfield County office leasing activity surges in newer buildings https://www.avisonyoung.us/w/friendly-journal-URL   Among...

Comparing sublease and direct office availability in the MSP area In this data bite, we looked at the MSP Available Sublease Office space landscape and analyzed the decline in volume since peaking...

Manhattan 2024 leasing activity leads post-COVID recovery among major markets Manhattan 2024 leasing activity leads post-COVID recovery among major markets...

Nashville leasing activity shifting towards smaller office footprints The post-COVID office market sees tenants favoring smaller spaces, with average leases shrinking by 2,000 sf. Despite rising...

Higher quality offices command larger leases in Minneapolis – St. Paul In this data bite, we analyzed the changes in the average lease size each year since 2019 in office leases within high-quality...

Downtown Boston’s Class B market will see 2.5% reduction in vacancy following office to residential conversions Downtown Boston’s Class B market will see 2.5% reduction in vacancy following office...

Flight to “Experience” a prevalent theme in MSP office activity In this data bite, we took a look at the evolving “flight to experience” by analyzing Trophy & Class A and Class B & C visitation...

U.S. office sublease options dwindle as most markets’ availabilities decline Office sublease space has been steadily declining over the past year, with major markets across the U.S. leading the...

Price gaps in the skyline: the premium on quality office trades in the U.S. The price gap between top-tier and overall office trades continues growing amid rising prices and potential Fed rate...

Across Greater Philadelphia, the total available SF for office space remains highest among urban submarkets Across Greater Philadelphia, the total available SF for office space remains highest...

Houston sees strong demand in newly delivered office buildings Since 2020, Houston's office market has added 5.5 msf of new space, with the bulk, 2.7 msf, delivered in 2021. This new inventory...

Long Island office busyness sees a post-Labor Day push Long Island Office Busyness Index https://www.avisonyoung.us/w/friendly-journal-URL   According to Avison Young’s Office Busyness Index,...

Back to business: U.S. office busyness continues to grow Offices across the country have experienced significant growth in busyness levels over the past four years, with some markets outpacing the...

DFW’s office market – where’s the best deal for nice space? In the last few years, office rents for top-quality space in DFW have been increasing rapidly. One driver of these rising rents is the...

Suburban locations in Austin see higher rates of visitation Suburban office locations have continued to gain popularity, with visitation reaching 64.5% of prepandemic levels by 2024, outperforming...

Higher quality office buildings command larger leases in Tampa The average lease size in Trophy/Class A buildings has increased significantly over Class B product in the Tampa office market...

Breaking down MSP’s desirable office space In this data bite, we took a closer look at MSP’s available office space. We categorized available space as desirable & undesirable, with undesirable...

Spec suites continue to see strong demand in Fort Lauderdale Spec suites continue to see strong demand in Fort Lauderdale https://www.avisonyoung.us/w/friendly-journal-URL The Fort Lauderdale...

Companies in Miami continue to call employees back to the office Companies in Miami continue to call employees back to the office https://www.avisonyoung.us/w/friendly-journal-URL Miami's...

New Jersey office busyness increases year-over-year New Jersey office busyness increases year-over-year https://www.avisonyoung.us/w/friendly-journal-URL   Overall office use has increased in New...

Fairfield County office busyness sees a post-Labor Day push Fairfield County office busyness sees a post-Labor Day push https://www.avisonyoung.us/w/friendly-journal-URL   According to Avison...

San Francisco transaction activity by size tranche Post-COVID leasing has trended largely towards smaller spaces compared to the pre-COVID era. Currently, 66.5% of the active tenants in the market...

DFW’s long established and consistent population growth defines the region and drives all property types The DFW region is well known for many things – one of them is “growth”. DFW’s population...

MSP Office market performance shows flawed space utilization In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze MSP’s office visitation recovery since Q3...

Cambridge, Inner Suburbs exhibit weakest visitation recovery, 495 Belt leads with strongest https://www.avisonyoung.us/w/friendly-journal-URL From Aug-2019 to Aug-2024, Cambridge and the inner...

Analyzing office visitation vs. leased office space across Atlanta https://www.avisonyoung.us/w/friendly-journal-URL – Occupancy in real estate traditionally refers to the amount of leased space...

Newly renovated office buildings in Fairfield County seeing lower availability rates Newly renovated office buildings in Fairfield County seeing lower availability rates...

Long Island offices in urban-suburban locations see higher rates in office visitation since August 2019 https://www.avisonyoung.us/w/friendly-journal-URL   Throughout the Long Island office market,...

Manhattan office busyness continues to outrun the overall U.S. Manhattan office busyness continues to outrun the overall U.S. https://www.avisonyoung.us/w/friendly-journal-URL   As of July 2024,...

Nashville office visitation continues to see steady improvement Nashville’s office visitation reached 70% in Q2 2024, with a 100-basis point gap between leased space and actual occupancy, showing...

The competitive edge of newer construction: how post-2010 trophy offices are shaping U.S. gateway markets Discover the vital role of high-end, post-2010 office buildings in maintaining reasonable...

Across Greater Philadelphia, offices in urban locations have seen the highest rate of visitation following the pandemic https://www.avisonyoung.us/w/friendly-journal-URL   Throughout the Greater...

Industries using the most office space in Houston The busiest industries using office space in the Houston market were media, public relations, telecom, and entertainment....

Analyzing office visitations vs. leased office space across MSP In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze MSP’s office visitation recovery since...

Renewal vs. relocation: trends in lease lengths in major U.S. office-using industries Discover the varying lease lengths across industries and learn how to navigate the evolving office landscape....

Analyzing shifts in office worker dynamics over the past 20+ years in the U.S. Explore the changing office worker quits-to-layoffs ratio and how employee dynamics have fluctuated from 2000 to 2024....

The tale of two markets: pre- and post-2010 construction in Manhattan https://www.avisonyoung.us/w/friendly-journal-URL   Manhattan buildings constructed before 2010 have experienced an increase in...

Trophy assets lead office busyness revival across the U.S. Premium office spaces prove to be the busiest in the U.S. amid evolving employee preferences and the flight-to-quality movement sweeping...

Austin’s tech industry returns to office The tech sector has emerged as a leading industry in office visitation recovery for class B space, showing a 36% year-over-year increase. The tech sector...

Office visitation rates increasing to align with occupancy rates in Fairfield County Office visitation rates increasing to align with occupancy rates in Fairfield County...

Long Island office visitation continues to rise despite dip in leasing activity https://www.avisonyoung.us/w/friendly-journal-URL   Long Island offices are 77.6% as busy today as they were in Q3...

New Jersey’s office busyness recovery led by transit hubs https://www.avisonyoung.us/w/friendly-journal-URL   New Jersey’s transit hubs are leading the way in the recovery of in-office attendance....

Houston offices busier on Mondays as hybrid workers return Houston’s office visitation recovery continues to outpace the national average, reaching 63.7% of the pre-pandemic levels from 2019...

DFW’s Office Busyness Index – ongoing improvement across the board, but some suburban markets continue to lag As of June 2024, the US office sector had rebounded to 61.9% of where it stood in June...

Office amenities matter: Charleston's Downtown submarket reflects regional tenant preferences Avison Young’s 2024 South Region broker sentiment survey shows that office tenants value nearby...

Nashville investment activity begins to rebound in the first half of 2024 Investment sales volume in Nashville saw a strong rebound in early 2024 with significant increases in most property sectors...

MSP office users favor going into the office early in the week In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze changes in MSP’s office visitation level...

Analyzing office visitations vs. leased office space across Greater Philadelphia https://www.avisonyoung.us/w/friendly-journal-URL Following the COVID-19 pandemic, across Greater Philadelphia a...

MSP Office visitation experiencing segmented recovery In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze changes in MSP’s office visitation level in...

Houston offices are buzzing despite recent severe weather events Houston's office busyness index averaged 63.7% in June 2024 compared to a pre-pandemic 2019 baseline, indicating a gradual return to...

Signs of stabilization in Tampa office utilization Tampa's demonstrating indicators of steadying the market's in-office attendance as it hits 56% of pre-COVID levels....

Defining the new normal for Orlando office use Orlando's office sector showcases resilience and adaptability with a notable 4.2% increase in office recovery year-over-year, signaling a new era of...

Mondays take center stage in U.S. office busyness surge Office work patterns continue to change with a significant surge in Monday activity across various U.S. markets and industries. Explore how...

Miami’s office recovery rates continue to climb through 2024 Miami's return-to-office efforts have continued to increase in 2024, over a 9% increase in office visits since 2023....

Is this the new normal for office utilization in Fort Lauderdale? Fort Lauderdale's office utilization is settling into a new normal, marked by steady but modest growth, with Mondays becoming the...

Nashville offices are busier earlier in the week Explore how employees' preferences for in-office days impact overall busyness levels compared to 2023 and pre-pandemic 2019...

Manhattan law firms and media/entertainment companies are outpacing last year’s busyness https://www.avisonyoung.us/w/friendly-journal-URL   According to the Avison Young Busyness Index, law firms...

Long Island offices are busier earlier in the week https://www.avisonyoung.us/w/friendly-journal-URL   As of June 2024, office buildings in Long Island are 17.1% busier on Mondays compared to the...

Greater Boston office market sees strongest Y-o-Y visitation recovery on Mondays, Tuesdays https://www.avisonyoung.us/w/friendly-journal-URL In July 2024, Boston office properties saw increased...

Office buildings within Chicago’s CBD are recovering faster than Chicago’s suburban offices Chicago’s office building utilization during the month of June 2024 reveals that office visitation is...

Time for a mid-year audit – DFW’s office availability weighed down by both old and new product “Obsolete” office space driving up vacancy and space availability is a popular media topic. In DFW,...

Balancing future supply and demand in Miami's office market To better meet current demand, proactive landlords in Miami are subdividing large blocks of office space into smaller speculative spaces...

High-end office properties attract larger tenants in Orlando The disparity between high-end and mid-tier commercial spaces is growing larger in Orlando as tenants continue to prefer larger high-end...

Fort Lauderdale office valuations adjust to market conditions Fort Lauderdale office valuations continue to evolve as there has been a 24% year-over-year increase in the number of office...

DFW’s deep tech roots make it a haven for gaming development and technology innovation Because of their cutting-edge tech focus, northern California and Seattle have always been acknowledged as the...

Examining Changes in MSP’s Office-Using Commuter Preferences Utilizing Placer.ai data, Avison Young analyzed select areas of the MSP Office Market (Minneapolis CBD, St. Paul CBD, & West End) to...

U.S. office leasing trends by industry: a comparative analysis of rental rates and lease terms Explore how office leasing rental rates and average terms vary by sector and what it means for the...

Large block leases are taking a larger share of the Manhattan office market https://www.avisonyoung.us/w/friendly-journal-URL Through the first half of 2023, leases of 100,000 square feet or...

Newer buildings dominate Tampa’s office demand Tampa's office market has attracted consistent demand for top-tier spaces with positive absorption on newer buildings constructed since 2010....

Orlando’s submarkets adapt to shifting office leasing trends as fundamentals remain strong Orlando's submarkets have adjusted to different commercial real estate trends, focusing on substantial...

Shrinking availability and steady demand in store for West Palm Beach’s office market Uncover the driving forces behind West Palm Beach's thriving office market, such as robust performance, unique...

The need for smaller offices remains strong in Fort Lauderdale Evolving tenant preferences shape Fort Lauderdale's office market, with smaller spaces dominating leasing activity....

FIRE industries are driving demand for office space in Urban Boston, Tech and other industries lag behind https://www.avisonyoung.us/w/friendly-journal-URL Currently, Urban Boston TIM’s (tenants in...

Houston's office market shows clear stratification by building class Houston's office market caters to diverse needs with an average lease size of 4k sf. A closer look reveals a clear...

Out-of-market visitors to Chicago’s landmarks are recovering at various rates compared to pre-pandemic levels Traffic upticks at Chicago landmarks, as tourist numbers near pre-pandemic levels...

Decoding the disparity: Unraveling the divergence between office and industrial capitalization rates Several factors are at play with the reshaping of office and industrial investor cap rates from...

Smaller office spaces continue to dominate in West Palm Beach The soaring demand for smaller office spaces is evident, with these units constituting 74% of new signed leases under 10,000 square...