Western office markets faced mounting challenges in December 2024, with San Francisco standing out. The city saw record-high vacancy rates of 28.8% driven by a wave of lease expirations and declining demand. These pressures have also weighed…
Western industrial markets continue to dominate the nation in terms of sales activity, with the region posting some of the highest prices per square foot, according to an analysis from CommercialEdge. Orange County recorded the highest price in the country at $340…
Major Western office markets continue to struggle with high vacancies, with the Bay Area experiencing the steepest annual increase, as shown in our latest office report. Notably, Phoenix saw a 3.2% year-over-year growth…
Industrial markets in the Western U.S. ended 2024 amid a mix of resilience and market challenges. While most Western hubs maintained vacancy rates below the 8% national average, others faced rising vacancies as new supply hit the market, according to…
San Francisco is now the most expensive office market in the nation, surpassing Manhattan for the first time in years, as our latest U.S. office market report shows. Asking rents average $69.14 per…
California continues to dominate the industrial sector in rental rates, setting high benchmarks for rent levels across the nation. According to the October industrial report, Orange County leads the nation with an average rent of $15.73 per square foot,…
While many markets have seen their pipelines shrink considerably in 2024, Phoenix is an exception. There are 36.8 million square feet of industrial development underway in Phoenix, with 10.6 million…
A slowdown in venture capital funding has hit the life sciences sector in 2023, driven by rising interest rates, the collapse of Silicon Valley Bank, and general economic uncertainty. Yet,…
In the years since the pandemic unsettled the office market, many have been anticipating an increase in distressed offices. While distressed activity has been muted to this point, weak demand,…
CommercialEdge just released its November office report analyzing the U.S. office market’s performance through October 2022 and looking at office vacancy rate. In 86 of the 120 areas that CommercialEdge covers, vacancy rates…
Inflation and rising interest rates are expected to bring some changes to the national industrial market, with some of the most likely ones expected in buying patterns. Some potential buyers…
The national average for in-place industrial rents across the top 30 U.S. markets reached $6.45 per square foot in February, increasing 4.4% year-over-year. At the same time, the average price of leases…
