data
bites

Denver office leasing demand by top industries in 2023...

While DFW office availability has continued to mount, some submarkets have performed better than others Like all major office markets, the sector’s shift has caused total DFW office availability...

Tech still tops office leasing demand in Austin The hybrid work model has transformed office leasing, creating diverse needs for space and distinct demands in different tenant industries....

Las Vegas industrial space upholds market’s positive absorption numbers in the last decade...

Phoenix medical office occupancy outperforms traditional office market https://www.avisonyoung.us/w/phoenix-medical-office-occupancy-outperforms-traditional-office-market   –The Phoenix office...

Trophy properties in urban Boston showcase the longest average lease term lengths https://www.avisonyoung.us/w/friendly-journal-URL In downtown Boston, trophy properties dominate with the highest...

Have return-to-office initiatives been successful in Miami after the pandemic? Amid navigating government policies and return-to-office initiatives, what does Miami's recovery rate look like post...

Large block availabilities in West Palm Beach are a driving force in office market supply trends Supply trends in the West Palm Beach office market are influenced by the availability of large...

How did office tenant demand in Fort Lauderdale shift from 2022 to 2023? Demand has shifted across industries that leased office space in Fort Lauderdale during the economic slowdown in 2022...

Atlanta’s office tenants seize suburban space as market rates steadily climb https://www.avisonyoung.us/w/friendly-journal-URL – Amid continued economic headwinds and an increase in office asking...

Minneapolis developers increasingly aim to position office assets Indicative of the poor demand for office assets, nearly two-thirds of office space traded during 2023 was bought with the...

For Chicago office space, quality and location are in high demand High demand shrinks trophy availability despite new deliveries in Chicago office market....

How have concession packages in class A/trophy and class B office properties in Tampa changed since 2020? Owners use lease concessions to drive tenant demand to the post-pandemic surge of available...

Urban and suburban office leasing trends contrast in Jacksonville Leasing periods in Jacksonville's urban office properties are significantly higher than suburban properties...

Navigating availability and pricing trends in Orlando’s office market Orlando maintains strong market fundamentals as companies continue redefining office usage post pandemic...

Broader industrial market in Silicon Valley reveals a dichotomy between two product types graph of East Bay, San Francisco, SF Peninsula and Silicon Valley quarterly VC funding in billions compared...

After a discouraging year in 2023, the West Los Angeles office market starts 2024 trending in a positive direction West LA office is kicking of Q1 2024 with an uptick in activity...

Retail remains red hot in Orange County Retail assets continue to succeed in Orange County https://www.avisonyoung.us/w/friendly-journal-URL During the pandemic, the retail sector faced significant...

San Francisco premium vs commodity space lease economics https://www.avisonyoung.us/w/san-francisco-premium-vs-commodity-space-lease-economics –The bifurcation between premium and commodity space...

Less Class A industrial space was available in Raleigh-Durham in 2023 than in 2022 Despite a large amount of new class A industrial space coming on the market in 2022 (3.7 msf delivered) and 2023...

New Jersey witnesses a 30% surge in venture capital and private equity funding in 2023 https://www.avisonyoung.us/w/friendly-journal-URL Historically, an increase in VC/PE funding has been...

New multifamily deliveries across DC, Maryland, and Virginia Multifamily deliveries are set to spike this year, with 25,621 units delivering across Suburban Maryland, Washington D.C., and Northern...

Philadelphia industrial new deliveries in 2023 by submarket New industrial product deliveries in Philadelphia are returning to pre-pandemic levels https://www.avisonyoung.us/w/friendly-journal-URL...

Office relocation lease terms are over 34% longer than renewals in the U.S. Relocation lease terms in U.S. offices are longer than renewals https://www.avisonyoung.us/w/friendly-journal-URL...

Office investment sales market slows down in Houston Houston's office investment sales market took a tumble in 2023. Rising interest rates, tighter lending standards, and the devaluation of office...

Concessions for renewals in Manhattan remain elevated https://www.avisonyoung.us/w/friendly-journal-URL In Manhattan, landlords are providing unprecedented concession packages to current tenants as...

Holiday weekend visitation recovery to pre-pandemic levels continues to be uneven among U.S. retailers Retailers in the U.S. experience differing levels of shopping compared to pre-Covid levels...

Solid demand growth and financial performance gains in the Dallas lodging sector https://www.avisonyoung.us/w/friendly-journal-URL   Due to almost complete travel curtailment in 2020, Dallas...

Countdown to consequences: near-term Nashville loan maturities give landlords a real minefield to navigate A substantial number of office and industrial loans mature in Nashville in the next 12...

Lowcountry Rapid Transit projected to increase commercial development - approximately 13 msf of new retail, office and hospitality spaces expected Lowcountry Rapid Transit system projected to spur...

Suburban office demand in West Palm Beach increases as urban rents continue to climb Continued economic headwinds and surges in top-quality office asking rates cause differing demand among suburban...

Which industries are driving office leasing activity in Orlando? Orlando's office market has changed over the past few years, with the rise of hybrid work affecting leasing differently depending on...

Navigating the surge: How a new wave of industrial availability in Miami is affecting the average months on market for leasable space Miami's industrial market displayed strong fundamentals...

How does the number of office job postings in Fort Lauderdale compare to salary growth? Fort Lauderdale has experienced a decline in in-office job postings, reflecting a change in the labor market....

Tech industry gaining investor interest in the South Carolina Upstate, surpassing biotech and life sciences Tech companies have seen increased interest from investors in 2023, surpassing biotech...

Which Jacksonville office submarket experienced the most growth from 2019 to 2023? Jacksonville's office market has steadily grown in average asking rents from 2019 to 2023 with certain submarkets...

Las Vegas Office Market Asking Rents Show Signs of Recovery https://www.avisonyoung.us/w/las-vegas-office-market-asking-rents-show-signs-of-recovery Direct Full Service asking rents for Class A...

Phoenix sees industrial development boom with highest figures nationally https://www.avisonyoung.us/w/phoenix-sees-industrial-development-boom-with-highest-figures-nationally The Phoenix Industrial...

Decoding the decline in office construction starts and what it means for the future workspace landscape in the DC Metro region https://www.avisonyoung.us/w/friendly-journal-URL The office...

Thanksgiving Weekend Visitation Recovery to Pre-Pandemic levels continues to be uneven among retailers in Atlanta https://www.avisonyoung.us/w/friendly-journal-URL –Black Friday remains a crucial...

2024 Outlook: Will Fairfield County Availability Trends Continue to Shift? https://www.avisonyoung.us/w/friendly-journal-URL In 2023, Fairfield County's office availability rates have decreased to...

Job postings in Greater Los Angeles region at lowest level since March 2020 as remote job postings double in two quarters Job postings volume in Los Angeles has been on a steady decline since July...

New Jersey capital markets experience year-over-year decline across all asset classes https://www.avisonyoung.us/w/friendly-journal-URL The total investment volume has plummeted by 64% compared to...

2024 Anticipation: Will Long Island's Office Availability Trends Persist? https://www.avisonyoung.us/w/friendly-journal-URL In 2023, Long Island's office availability rates have reached a recent...

Downtown Raleigh lags the larger market in office investment sales Investment sales of Downtown Raleigh office buildings compared to the rest of the Raleigh Durham market...

Transportation & warehousing expected to drive the growth of industrial GDP across Greater Philadelphia https://www.avisonyoung.us/w/friendly-journal-URL Transportation and warehousing GDP in...

Despite a slowdown in leasing activity, U.S. life sciences construction pipeline remains elevated Despite a slowdown in leasing activity, U.S. life sciences construction pipeline remains elevated...

U.S. Port activity currently third highest on record despite slow start to year U.S. Port activity currently third highest on record despite slow start to year...

Urban Boston office investment sale volume sees uptick, setting a new baseline on pricing compared to 2022 https://www.avisonyoung.us/w/friendly-journal-URL Since the beginning of 2023, office...

Bay Area life science VC funding drops significantly as investor interest cools https://www.avisonyoung.us/w/bay-area-life-science-vc-funding-drops-significantly-as-investor-interest-cools Elevated...

FIRE and tech tenants lead the way for future U.S. office market activity FIRE and tech tenants lead the way for future U.S. office market activity https://www.avisonyoung.us/w/friendly-journal-URL...

Minneapolis-St. Paul's leasing activity for sublease space picking up MSP's available sublet space reached a record-high in 2023 Q2 following the downsizing of some of the area's top employers...

Chicago's industrial subleasing landscape: Trends, hotspots and dominant industries https://www.avisonyoung.us/w/friendly-journal-URL YTD 2023 sublet availability across the Chicago market has...

Active industries in 2023 will continue to lead Manhattan demand in 2024 https://www.avisonyoung.us/w/friendly-journal-URL In 2023, tenants in the FIRE sector (Finance, Insurance, and Real Estate)...

Houston's industrial leasing activity by submarket The Northwest submarket has the highest leasing volume YTD, with 9.6 msf leased, followed by the North and Southwest submarkets with 7.4 msf and...

Austin industrial sector continues expansion with thriving construction pipeline Areas of significant industrial development include the I-35 corridor in Hays County, southeast Austin and the...

As New Jersey's port volume declines, so does industrial demand https://www.avisonyoung.us/w/friendly-journal-URL Total loaded shipping volume drops by 17.5% year-over-year. The decline in shipping...

Tenant demand for office space remains active amidst shifting space needs in Nashville While rise in vacancy may give an impression of the market “softening”, tenant demand remains active in both...

Remote work job postings are declining at a faster rate than non-remote within the Minneapolis - St. Paul Market, potentially indicating increasing RTO mandates The overall number of job postings...

U.S. Law firms’ share of leasing reaches highest level since 2010 https://www.avisonyoung.us/w/friendly-journal-URL In major U.S. office markets, law firms tend to increase market activity when...

Who is seeking top-tier office space in Miami post pandemic? There have been significant industry shifts in trophy and class A leasing activity before and after the pandemic...

Industrial space in Orlando: A tale of two extremes Industrial development in Orlando is focused on smaller buildings, indicating a rise in downsizing...

West Palm Beach’s industrial leasing activity continues its steady momentum Industrial leasing volume in West Palm Beach is on track to experience another robust year in 2024...

Sector trends emerge in Tampa among office lease expirations The pandemic caused differing levels of leasing activity depending on industry sector, which has contributed to upcoming lease...

Strong absorption, low vacancy, and rising rental rates contribute to a thriving retail market in Jacksonville Net absorption was on the rise in the third quarter in Jacksonville's retail market as...

What do large block availabilities look like across Fort Lauderdale’s submarkets? Large block availabilities are increasing in Fort Lauderdale's submarkets as more large leases are set to expire by...

A new era of modern and sustainable office space is dawning in Houston Leasing activity has been concentrated in newer, higher-quality inventory, leaving older vintage assets to hold a significant...

The availability gap is shrinking between CBD and Suburban markets within Chicago for Trophy/Class A office space The availability gap between CBD and Suburban Chicago markets for Trophy and Class...

Ports across the state expected to positively affect Greenville’s industrial sectors in 2024 Inland Port Greer broke records in August; however, yearly port activity throughout South Carolina is...

South Carolina ports forecasted to rebound in 2024 and bring positive activity to Charleston’s industrial market Although port activity in South Carolina is expected to further decrease by the end...

Savannah port volumes slow down in 2023 as consumer spending softens https://www.avisonyoung.us/w/friendly-journal-URL – Port volumes appear to have come down from the peak that stemmed from the...

Raleigh Durham class C property maintains the lowest office availability Raleigh Durham commercial real estate office availability by property class...

Months on the market — another indicator of the industrial sector’s underlying strength in DFW Another barometer to gauge market vitality is months on the market, the time space remains on the...

A driving force in the SoCal office submarkets: Record level vacancy rates in conjunction with high impending loan maturities Loans are maturing from 2023 to 2027 throughout Los Angeles and Orange...

Double digit growth of Transportation and Warehousing Jobs in Philadelphia across the I-95 Corridor in the past 24 months https://www.avisonyoung.us/w/friendly-journal-URL In the past twenty-four...