data
bites

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...