data
bites
Smart real estate is driven by data. Dive into today's trends with these quick, fresh insights.
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February 14, 2025
Active GSA Office footprints in the DC Metro region https://www.avisonyoung.us/w/friendly-journal-URL Under the current administration's emphasis on reducing government spending through the...
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February 13, 2025
2025 or 2005? Greater Boston suburban offices trading below values recorded almost 20 years ago Greater Boston suburban offices trading below values recorded almost 20 years ago...
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February 7, 2025
The Los Angeles Multifamily sales market shows gradual recovery amid federal interest rate cuts After a period of subdued activity amid high rates, recent cuts are rekindling buyer confidence and...
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February 7, 2025
New product deliveries retreat to pre-pandemic levels across the Philadelphia industrial market Philly's 2024 industrial deliveries dropped 63% to 17.9 msf (vs. 48.4 msf in 2023). Top areas:...
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February 6, 2025
CBD offices in Greenville and Spartanburg eclipse suburban counterparts as demand shifts to experience-driven work environments Class A offices in the central business districts of Greenville and...
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February 6, 2025
Charleston's office market continues to outpace the national average Charleston continues to attract new residents and businesses, and as a result the city's office market has seen a modest...
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February 5, 2025
Sublet availability in Austin continues to decline Austin’s office sublease market has gradually picked up throughout 2024, with availability rates decreasing quarter-over-quarter....
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February 5, 2025
U.S. holiday retail sales in 2024: Strong growth amid shifting shopping behaviors Despite inflation and negligible foot traffic growth, the 2024 holiday shopping season witnessed resilient consumer...
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February 5, 2025
Nashville investment activity across most sectors begins to rebound in 2024 Investment sales in Nashville rebounded in 2024, with office, industrial, and retail sectors experiencing year-over-year...
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February 4, 2025
New Jersey industrial leasing activity has increased for two years in a row, reaching 33.7 msf leased in 2024 New Jersey industrial leasing activity has increased for two years in a row, reaching...
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February 4, 2025
Houston’s industrial buildings are getting bigger The Houston industrial development market has experienced a dramatic shift in building size over the past five years....
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February 4, 2025
DFW’s industrial market – still working to reach balance DFW remains a preferred logistics hub due to its central US location, strong multimodal access options, and affordability....
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February 4, 2025
Market outlook: Atlanta office activity proving promising for 2025 https://www.avisonyoung.us/w/friendly-journal-URL – Although Atlanta’s 2024 office leasing activity was down 21% compared to...
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February 3, 2025
From coast to coast: A regional breakdown of U.S. office recovery While office leasing is still below pre-pandemic levels across the U.S., some markets and regions are recovering faster than...
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January 31, 2025
Older Long Island office buildings see year-over-year drop in leasing activity Older Long Island office buildings see year-over-year drop in leasing activity...
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January 30, 2025
Tech leads San Francisco’s leasing resurgence Leasing activity in San Francisco picked up in Q4 2024, totaling 1.62 msf. This saw the total leasing volume finish at 6.30 msf for the year, marking...
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January 30, 2025
Chicago industrial construction activity slowly accelerating Chicago industrial market: 9.3 msf new projects in 2024, 14 msf under development. I-80 Corridor leads with major build-to-suit...
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January 30, 2025
Fairfield County office leasing activity surges in newer buildings Fairfield County office leasing activity surges in newer buildings https://www.avisonyoung.us/w/friendly-journal-URL Among...
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January 29, 2025
Comparing sublease and direct office availability in the MSP area In this data bite, we looked at the MSP Available Sublease Office space landscape and analyzed the decline in volume since peaking...
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January 29, 2025
Manhattan 2024 leasing activity leads post-COVID recovery among major markets Manhattan 2024 leasing activity leads post-COVID recovery among major markets...
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January 27, 2025
Demand for medical space remains strong in major U.S. cities despite population shifts and rising rental rates When people move out of big cities, it can have drastic effects on healthcare...
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December 19, 2024
Comparing office tenant leasing activity in Washington, D.C. https://www.avisonyoung.us/w/friendly-journal-URL The D.C. office market saw a significant uptick in leasing activity (in square...
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December 19, 2024
Shifting preferences: Growing demand for smaller spaces in western U.S. industrial hubs Traditionally a hub for large occupiers due to its proximity to West Coast ports, the Inland Empire is seeing...
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December 18, 2024
Law firms & lease comps are keeping the Atlanta market on its toes https://www.avisonyoung.us/w/friendly-journal-URL – In 2023, major U.S. markets noticed an increase in law firm market activity...
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December 17, 2024
New Jersey industrial average asking rents have dropped by 6.7% YTD New Jersey industrial average asking rents have dropped by 6.7% YTD https://www.avisonyoung.us/w/friendly-journal-URL The...
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December 17, 2024
Average under construction building size has fallen 25.3% over the past five years across the Philadelphia industrial market Average under construction building size has fallen 25.3% over the past...
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December 17, 2024
Nashville leasing activity shifting towards smaller office footprints The post-COVID office market sees tenants favoring smaller spaces, with average leases shrinking by 2,000 sf. Despite rising...
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December 16, 2024
Bay Area leads national VC funding The Bay Area’s share of VC funding currently accounts for over half of the nation’s total funding heading into the end of Q4 2024. Even more remarkably, this...
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December 16, 2024
Higher quality offices command larger leases in Minneapolis – St. Paul In this data bite, we analyzed the changes in the average lease size each year since 2019 in office leases within high-quality...
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December 16, 2024
From speculative to secured: the rise of build-to-suit projects in Chicago's industrial sector Chicago's industrial development pipeline has increased significantly with vacancy remaining low...
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December 16, 2024
Downtown Boston’s Class B market will see 2.5% reduction in vacancy following office to residential conversions Downtown Boston’s Class B market will see 2.5% reduction in vacancy following office...
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December 12, 2024
Houston’s industrial delivery space gap is expected to drive down vacancy rates in 2025 While 2024 deliveries are expected to moderate, they'll still exceed pre-pandemic levels. The supply pipeline...
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December 9, 2024
Black Friday boosts in-store shopping above pre-pandemic levels across U.S. During the 2024 holiday shopping season, consumers hit the shops in greater numbers than they did in 2019. Is this trend...
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December 4, 2024
Inland markets rise: How Phoenix, Reno, and Las Vegas are redefining western U.S. logistics https://www.avisonyoung.us/w/friendly-journal-URL Port Cities decline: Leasing for large distribution...
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December 4, 2024
Flight to “Experience” a prevalent theme in MSP office activity In this data bite, we took a look at the evolving “flight to experience” by analyzing Trophy & Class A and Class B & C visitation...
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December 3, 2024
Top 20 industrial leases in Chicago over the past two years: Major players and prime locations Top 20 industrial leases signed in Chicago have added up over the past two years across submarkets...
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December 2, 2024
Highest NNN Starting Retail Rents Across Phoenix Range from $30 to $60 https://www.avisonyoung.us/w/highest-nnn-starting-retail-rents-across-phoenix-range-from-30-to-60 Phoenix's retail triple net...
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December 2, 2024
Long Island industrial market’s vacancy rates performance varies by building size Long Island industrial market’s vacancy rates performance varies by building size...
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November 26, 2024
U.S. office sublease options dwindle as most markets’ availabilities decline Office sublease space has been steadily declining over the past year, with major markets across the U.S. leading the...
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November 26, 2024
New Jersey industrial total vacancy rate reaches decade high; average NNN asking rent decreases New Jersey industrial total vacancy rate reaches decade high; average NNN asking rent decreases...
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November 22, 2024
Flight to quality persists in the Washington, DC office market https://www.avisonyoung.us/w/friendly-journal-URL The scoring model presented in the graph uses a 0-100 scale to evaluate office...
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November 19, 2024
Chilling Expansion: Chicago’s cold storage boom Development of cold storage buildings is surging in Chicago's Industrial market https://www.avisonyoung.us/w/friendly-journal-URL The development of...
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November 18, 2024
Atlanta office leasing activity by size buckets https://www.avisonyoung.us/w/friendly-journal-URL – When examining deals by square footage, deals less than 10k sf make up the majority share of...
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November 13, 2024
Price gaps in the skyline: the premium on quality office trades in the U.S. The price gap between top-tier and overall office trades continues growing amid rising prices and potential Fed rate...
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November 13, 2024
Across Greater Philadelphia, the total available SF for office space remains highest among urban submarkets Across Greater Philadelphia, the total available SF for office space remains highest...
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November 13, 2024
Industrial & flex availability concentrated in newer, recently delivered facilities in Greater Boston https://www.avisonyoung.us/w/friendly-journal-URL Throughout Q4 2024, industrial & flex space...
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November 13, 2024
Data center power demand to triple by 2030: Nuclear energy expected to reduce grid dependence Demand for data center power is expected to grow exponentially in the next five years, driven by AI...
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November 11, 2024
New medical facilities drive increasingly high rents in top U.S. metros, widening MOB rental rate gap With premium rents rising and demand for high-quality spaces climbing, the gap between...
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November 6, 2024
Growing demand for spec suites in Northern Virginia's Rosslyn-Ballston Corridor Spec Suites are fully furnished ready to move in office spaces that landlord provide for tenants for quick and easy...
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November 5, 2024
Sub-100,000-sf requirements dominating leasing activity in Nashville, keeping vacancy tight for small-bay properties Industrial leasing in Nashville is at record highs, driven by strong demand for...
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November 5, 2024
Houston sees strong demand in newly delivered office buildings Since 2020, Houston's office market has added 5.5 msf of new space, with the bulk, 2.7 msf, delivered in 2021. This new inventory...
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November 5, 2024
Long Island office busyness sees a post-Labor Day push Long Island Office Busyness Index https://www.avisonyoung.us/w/friendly-journal-URL According to Avison Young’s Office Busyness Index,...
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November 5, 2024
Georgia ranks as 15th most desirable state for relocation https://www.avisonyoung.us/w/friendly-journal-URL – The Southeast is currently a hotspot for relocation when examining net migration...
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November 4, 2024
Resurgence of Las Vegas strip shopping centers: Prolonged visits surpass pre-pandemic levels https://www.avisonyoung.us/w/friendly-journal-URL Major shopping centers on the Las Vegas Strip are...
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November 4, 2024
A delta in total vacancy rates among different building size groups has emerged across the Philadelphia industrial market A sharp increase in quarterly deliveries combined with multiple large block...
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November 4, 2024
Back to business: U.S. office busyness continues to grow Offices across the country have experienced significant growth in busyness levels over the past four years, with some markets outpacing the...
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November 4, 2024
DFW’s office market – where’s the best deal for nice space? In the last few years, office rents for top-quality space in DFW have been increasing rapidly. One driver of these rising rents is the...
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November 4, 2024
Suburban locations in Austin see higher rates of visitation Suburban office locations have continued to gain popularity, with visitation reaching 64.5% of prepandemic levels by 2024, outperforming...
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November 4, 2024
Charlotte industrial development continues to slow https://www.avisonyoung.us/w/friendly-journal-URL - In 2024, Charlotte’s industrial market has seen less than 7 million square feet (msf) under...
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November 1, 2024
Higher quality office buildings command larger leases in Tampa The average lease size in Trophy/Class A buildings has increased significantly over Class B product in the Tampa office market...
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November 1, 2024
Breaking down MSP’s desirable office space In this data bite, we took a closer look at MSP’s available office space. We categorized available space as desirable & undesirable, with undesirable...
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November 1, 2024
Boston's shopping centers, event venues see significant visitation increase comparing 2019 to past 12 months https://www.avisonyoung.us/w/friendly-journal-URL Avison Young utilized data from...
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November 1, 2024
Orlando industrial vacancy remains low in smaller buildings Vacancy rates in the Orlando industrial sector have risen, with smaller buildings having the lowest vacancy rate standing at 4.7% in Q3...
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November 1, 2024
Spec suites continue to see strong demand in Fort Lauderdale Spec suites continue to see strong demand in Fort Lauderdale https://www.avisonyoung.us/w/friendly-journal-URL The Fort Lauderdale...
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November 1, 2024
Companies in Miami continue to call employees back to the office Companies in Miami continue to call employees back to the office https://www.avisonyoung.us/w/friendly-journal-URL Miami's...
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October 31, 2024
New Jersey office busyness increases year-over-year New Jersey office busyness increases year-over-year https://www.avisonyoung.us/w/friendly-journal-URL Overall office use has increased in New...
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October 31, 2024
Phoenix industrial market: Rising inventory and slow down in leasing https://www.avisonyoung.us/w/phoenix-industrial-market-rising-inventory-and-slow-down-in-leasing Since 2020, the Phoenix...
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October 31, 2024
Chicago industrial deliveries slow while vacancy remains stable Construction activity in the Chicago industrial sector has slowed as vacancy remain stable...
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October 31, 2024
Fairfield County office busyness sees a post-Labor Day push Fairfield County office busyness sees a post-Labor Day push https://www.avisonyoung.us/w/friendly-journal-URL According to Avison...
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October 30, 2024
Manufacturing job postings dominate the Indianapolis MSA The manufacturing sector is leading the way in industrial job postings in Indianapolis, while both wholesale and transportation and...
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October 30, 2024
Fed's move to cut interest rates could finally spark activity in Bay Area Capital Markets Fed's move to cut interest rates could finally spark activity in Bay Area Capital Markets...
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October 28, 2024
San Francisco transaction activity by size tranche Post-COVID leasing has trended largely towards smaller spaces compared to the pre-COVID era. Currently, 66.5% of the active tenants in the market...
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October 21, 2024
DFW’s long established and consistent population growth defines the region and drives all property types The DFW region is well known for many things – one of them is “growth”. DFW’s population...
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October 2, 2024
Steady growth in top 100 U.S. metros fuels medical office building boom MOBs are redefining U.S. metro areas, with strong demand contributing to a consistent rise in occupancy rates....
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October 2, 2024
MSP Office market performance shows flawed space utilization In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze MSP’s office visitation recovery since Q3...
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September 25, 2024
Detroit industrial big box vacancy remains the lowest The Detroit industrial market has been historically conservative regarding new development which has benefited market fundamentals with vacancy...
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September 24, 2024
Las Vegas multifamily investment poised for a comeback with 2024 rate cuts Las Vegas multifamily investment poised for a comeback with 2024 rate cuts...
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September 24, 2024
Cambridge, Inner Suburbs exhibit weakest visitation recovery, 495 Belt leads with strongest https://www.avisonyoung.us/w/friendly-journal-URL From Aug-2019 to Aug-2024, Cambridge and the inner...
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September 23, 2024
Dallas-Fort Worth witnesses a rapidly expanding data center market, with strong demand and extremely tight fundamentals The DFW data center market is a hotbed of activity and has emerged as one of...
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September 23, 2024
Analyzing office visitation vs. leased office space across Atlanta https://www.avisonyoung.us/w/friendly-journal-URL – Occupancy in real estate traditionally refers to the amount of leased space...
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September 23, 2024
Newly renovated office buildings in Fairfield County seeing lower availability rates Newly renovated office buildings in Fairfield County seeing lower availability rates...
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September 23, 2024
Raleigh-Durham multifamily sees hefty concession growth in classes B and C https://www.avisonyoung.us/w/friendly-journal-URL – Apartment concessions such as free months of rent and discounted...
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September 19, 2024
Long Island offices in urban-suburban locations see higher rates in office visitation since August 2019 https://www.avisonyoung.us/w/friendly-journal-URL Throughout the Long Island office market,...
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September 17, 2024
San Francisco’s office market reset diversifies tenant mix and revitalizes trend for smaller office space San Francisco’s office market reset diversifies tenant mix and revitalizes trend for...
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September 17, 2024
Manhattan office busyness continues to outrun the overall U.S. Manhattan office busyness continues to outrun the overall U.S. https://www.avisonyoung.us/w/friendly-journal-URL As of July 2024,...
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September 17, 2024
New Jersey industrial total availability rate hits 10% for the first time in a decade, is this a sign for a forthcoming healthy market? NJ industrial total available sf and total availability % -...
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September 11, 2024
Nashville office visitation continues to see steady improvement Nashville’s office visitation reached 70% in Q2 2024, with a 100-basis point gap between leased space and actual occupancy, showing...
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September 11, 2024
The competitive edge of newer construction: how post-2010 trophy offices are shaping U.S. gateway markets Discover the vital role of high-end, post-2010 office buildings in maintaining reasonable...
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September 10, 2024
Charleston’s retail sector thrives amid summer tourism Summer visits to Charleston, SC's shopping destinations have outpaced those to stadiums, sporting venues, beaches, and major tourist...
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September 9, 2024
Across Greater Philadelphia, offices in urban locations have seen the highest rate of visitation following the pandemic https://www.avisonyoung.us/w/friendly-journal-URL Throughout the Greater...
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September 9, 2024
How does the Charlotte sublease market compare to peer markets? https://www.avisonyoung.us/w/friendly-journal-URL – In the Charlotte industrial market, there are just under 30 msf available, with...
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September 6, 2024
Industries using the most office space in Houston The busiest industries using office space in the Houston market were media, public relations, telecom, and entertainment....
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September 6, 2024
Chicago's O’Hare International Airport sees increase in cargo Chicago’s O’Hare international airport saw a significant change in international and domestic cargo as increased trade, growth of...
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September 5, 2024
Perception vs. reality: a strategic time for CRE investment in the U.S. Despite the current interest rate environment, commercial real estate asset valuations are up in major markets, indicating...
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September 5, 2024
NIH funding into U.S. life science sector on pace for another record-setting year With funding allocations from the National Institute of Health shifting in 2024, how is the U.S. life science and...
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September 3, 2024
Analyzing office visitations vs. leased office space across MSP In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze MSP’s office visitation recovery since...
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August 30, 2024
Renewal vs. relocation: trends in lease lengths in major U.S. office-using industries Discover the varying lease lengths across industries and learn how to navigate the evolving office landscape....
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August 30, 2024
Analyzing shifts in office worker dynamics over the past 20+ years in the U.S. Explore the changing office worker quits-to-layoffs ratio and how employee dynamics have fluctuated from 2000 to 2024....
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August 28, 2024
DFW’s apartment market still strong, although angst exists as to performance and outlook DFW’s news has recently been reporting turmoil in the multifamily sales sector due to the significant new...
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August 28, 2024
The tale of two markets: pre- and post-2010 construction in Manhattan https://www.avisonyoung.us/w/friendly-journal-URL Manhattan buildings constructed before 2010 have experienced an increase in...