Market reports and insights
Gain real estate insights that drive real impact. Our comprehensive market reports leverage the breadth of our service expertise and the deep knowledge of our people to provide you with the data-driven perspective you need to make informed decisions across your portfolio. Whether you're seeking to understand the latest office trends, identify emerging industrial opportunities, or assess the evolving capital markets, our sector-specific reports deliver the actionable intelligence that can help your business thrive. Explore our latest insights and unlock the potential of your real estate strategy.
U.S. industrial market Q3 2024 insights
Leasing remained soft through the first three quarters of 2024, down 16.5% from pre-Covid averages, as occupiers delayed decisions amid uncertainty. With the U.S. election now over, an uptick in activity is expected in early 2025 as deferred demand, a stabilizing supply pipeline, and strong pre-leasing suggest positive market momentum. Investor demand remains high but largely paused, awaiting Fed rate cuts, which could lead to heightened competition for industrial assets.
U.S. Capital Markets Q3 2024 insights
In the third quarter of 2024, commercial real estate debt origination saw a significant increase compared to the first half of the year, bringing the total volume to much higher levels, though still below long-term trends. Investment sales have remained subdued across sectors, but there are signs of growing interest from certain private investors, suggesting some market stabilization. A number of opportunistic funds, are preparing to take advantage of potential market improvements, with expectations of strong returns as conditions shift.
U.S. office market Q3 2024 insights
As of Q3 2024, the U.S. office overall availability sits at 23.5%—a 20-basis point (bp) quarter-over-quarter drop, representing the first quarterly decrease in overall availability since Q4 2022. The U.S. has reached 175.7 million square feet (msf) of leasing activity—17.4% shy of leasing activity through Q3 2023. Despite the decrease in leasing activity, renewals are seeing a significant increase in average lease size—up 14% compared to 2019.
H1 2024 U.S. life sciences market overview
The lab/R&D market showed signs of revitalization during the first half of 2024 despite record-high availability and stagnant occupier demand. Most notably, funding into the life sciences sector received a large boost from venture capital investment, public markets, and the U.S. government which is expected to increase leasing activity in the second half of the year and in 2025. Moreover, construction starts for lab buildings came to a near halt, allowing the market time to absorb the newer product, which accounts for most of the lab/R&D availability.
U.S. multifamily market Q3 2024 insights
Top U.S. markets continue to see an uptick in multifamily demand with absorption levels hovering just 30% below 2021 levels, when demand was at an all-time high. Despite the uptick in demand, elevated supply has limited rent growth with effective rents hovering at 2022 levels. As mortgage rates continue to remain elevated, renters are continuing to rent, but the number of occupants per housing unit has declined across every major market, as people seek to live on their own or with a fewer number of roommates.
