The competitive edge of newer construction: how post-2010 trophy offices are shaping U.S. gateway markets

graph of newly constructed trophy property availability rates by major U.S. markets compared to the overall market rates
  • Availability rate is a key metric for measuring the status of an office market. After separating out recently constructed trophy offices (post 2010), it’s clear these buildings are crucial for keeping availability rates at reasonable levels.
  • Across U.S. gateway markets, such as Washington, D.C.; Chicago; and San Francisco, the availability rate for high-end newer builds (post 2010) is—on average—6.8% lower than the overall availability rate.
  • The higher performance of newer office buildings over older buildings across all U.S. gateway cities demonstrates continued demand for high-end office product.

September 11, 2024

Additional resources

Get market intel