data
bites

The sublease space shrink: major U.S. office markets contribute to the national trend Office sublease space has been steadily declining over the past year, with major markets across the U.S....

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...

Smaller spaces, bigger opportunities: Office landlords strategize in Tampa Tampa's office market reveals imbalances in new leases under 10,000 sf and expirations over 50,000 sf in the last two...

Renewed office tenant optimism fuels new leases and expansions in Orlando Discover the evolving landscape of Orlando's office market as economic headwinds shift tenant decisions, causing a...

Trophy offices continue to outshine others in Miami Trophy properties have outperformed class A and class B properties for the past five years. Will the trend continue?...

Are office lease expirations in the Fort Lauderdale area influencing job opportunities? As office lease expirations increase in the Fort Lauderdale office market, job postings have significantly...

Swinging labor market: RTO mandates shake up employee leverage across U.S. Dive into the changing landscape of employee leverage amidst evolving return-to-office mandates. Learn how these shifts...

Newer construction has continued to see positive net absorption over the past 7 years within the MSP office market In 2024 YTD, net absorption has turned positive, primarily driven by office...

Office properties near Chicago’s suburban transit stations have performed better over the course of the pandemic Vacancy rates remain lower in areas within three blocks of commuter hubs...

U.S. AI job surge: revolutionizing industries and redefining workplace needs Discover the transformative impact of AI on office leasing, data storage, and job markets! Explore the rapid growth in...

Rents in Downtown Boston typically bottom out 2-3 years after recessions https://www.avisonyoung.us/w/friendly-journal-URL After recessions, rents in Downtown Boston typically reach a nadir 2-3...

AI job market trends highlight California’s dominance and potential growth for tech-centric states Despite national office market challenges, robust AI job posting figures in 2023 indicated...

Austin CRE market to see $17.8 billion in loan maturities over the next five years In the upcoming five years, Apartment and Hotel property types stand out, collectively constituting the majority...

Has flight to quality run its course in U.S. offices? Trophy and class A spaces have been popular among office occupiers even before the pandemic. As some U.S. markets start showing increased...

Las Vegas' ongoing suburban office development provides a competitive advantage when contrasted with typical metropolitan office markets Las Vegas' ongoing suburban office development provides a...

Venture capital investment remains active in Chicago The biotech and life-science sector has led the way in regards to Chicago-based companies securing venture funding...

Demand for high-quality offices leads to diminishing large block availability in Miami Large block availability is shaping supply trends and influencing tenant demand in Miami's office market. Stay...

Flight to quality continues to drive asking rent growth in Fort Lauderdale’s office market Robust rent growth, tenant demand for high-quality buildings and the rise of trophy properties are all key...

How has Orlando’s class A and class B office availability changed over the years? Discover what key trends have shaped Orlando's office market from 2020 to 2023 and how they have affected class A...

Weakened office demand in Tampa creates imbalance in asking prices vs. sales prices Tampa's office market dynamics are shifting, with average asking prices per square foot surpassing sale prices...

Nashville office: Where is the flight to quality happening the most? Discover how Nashville's leasing landscape is evolving with a focus on upscale amenities and upgraded spaces....

Boston - Over the past 12 months, Seaport and CBD have witnessed the highest share of office leasing activity https://www.avisonyoung.us/w/friendly-journal-URL Over the past 12 months, the CBD and...

Labor demand for AI skills continues to grow across the U.S. Explore the rapid growth of the AI industry and its potential impact on office markets in major cities like San Francisco and New York....

Office odyssey: A charted exploration of value correction in major U.S. cities’ office buildings Navigate the challenges of shifting office values post-COVID-19 with insights on interest rates,...

Quantifying the AI Boom across major markets Artificial Intelligence Venture Capital funding for the U.S., San Francisco Bay Area, Europe, China, New York, and other major metropolitan areas...

Downtown Chicago traffic trends continue to grow from their pre-pandemic averages Overall traffic crossing Chicago's bridges is on the rise, totaling over 114 million impressions in Q4 2023....

Traffic into Downtown Minneapolis and St. Paul continues to rebound Vehicular and pedestrian traffic is on the rise in Downtown Minneapolis and St. Paul...

How are CRE loan maturities changing over the next five years in Fort Lauderdale? Discover Fort Lauderdale's commercial real estate market dynamics as $16.3 billion worth of loans are set to mature...

Stability vs. flexibility: what do Tampa’s office industries value in lease terms? Tampa's office industries vary with diverse lease term preferences, weighing stability against flexibility. Learn...

Potential shift looms in Houston’s tenant-friendly office market Faced with a surplus of available space, landlords are motivated to strike deals, but rising costs of capital and construction are...

Austin office occupancy outperforms national average Austin leads the top 10 metro areas with an average building occupancy rate of 63.3%, consistently exceeding the national average for...

Do certain office-using industries across the U.S. commit to longer lease terms than others? Office lease terms vary by industry in the U.S., with factors like sublease space and flexibility needs...