data
bites

17.2 million square feet in flux: How conversions will reshape tenant demand in Manhattan https://www.avisonyoung.us/w/friendly-journal-URL Manhattan’s 17.2 msf of potential office conversions, the...

Industrial Staffing up Across the Keystone State Pennsylvania’s industrial sector is hiring at record pace. Learn what’s fueling the growth and how companies are navigating today’s evolving...

Charleston’s office market: big move-ins outpace move-outs in 2025 Charleston’s office market rebounds in 2025 with 247,000 square feet of positive absorption—a 1,047.5% increase from last...

Executive office space leasing accelerates in Greenville Executive office suites in Greenville are leasing fast. 63% of small-space deals close within six months, driven by startups and agile teams...

New space, no problem: U.S. medical deliveries continue to lease up quickly U.S. healthcare real estate shows strong demand, with absorption averaging 107.2% of new deliveries since 2022, proving...

Still moving: Chicago’s office and transit activity https://www.avisonyoung.us/w/friendly-journal-URL - Downtown Chicago continues to show improving utilization each October since the pandemic,...

High interest rates contribute to low industrial transaction volume in Boston https://www.avisonyoung.us/w/friendly-journal-URL High interest rates continue to contribute to a dip in industrial...

West Palm Beach sees year-over-year increase in average lease size across all office asset classes West Palm Beach office market surges with lease sizes up across all classes. Trophy/A space gains...

Washington, DC Trophy class offices command longer term lengths with Class A catching up Trophy-class office space has historically demanded the longest term-length commitment, but the lack of new...

Prime urban repositioning: Nashville among the top U.S. markets in office-to-hotel conversions Downtown Nashville’s strong tourism drives hotel demand as older offices convert to lodging, with...

Increased RTO mandates result in strong YoY recovery in MSP Return-to-office mandates fuel MSP HQ attendance surge of +11.4% YoY, signaling a market shift and leasing uptick through 2026...

Office conversions: Gauging their role in U.S. market recovery Discover which markets have the most potential for office conversions by total square footage and percent of inventory....

New Jersey office conversions reshape the real estate landscape Since 2018, 146 office conversions in New Jersey have removed 16M sq ft, with Morris, Bergen & Essex leading redevelopment across...

Dallas lands two spots on America’s priciest office submarkets Dallas office rents surge: Preston Center +59%, Uptown/Turtle Creek +35%, ranking among top U.S. submarkets post-pandemic....

Philadelphia Industrial Market Faces Rising Vacancy and Sublease Surge as Absorption Lags The Philadelphia industrial market is experiencing rising vacancy rates and a surge in sublease...

Return-to-office momentum among Atlanta’s Fortune 500 companies outpaces national average https://www.avisonyoung.us/w/friendly-journal-URL –Metro Atlanta is home to several Fortune 500 companies...

Signs of recovery: Los Angeles office sales activity surges amid historic price decline The Los Angeles office investment market is showing its strongest momentum since 2022, with total sales...

The "Flight to Quality" intensifies, bifurcating Houston’s office rental rates Houston office rents hit a record $33.64/sf, driven by Trophy assets at $57.19/sf. Vacancy under 10% signals strong...

Northern Virginia office market: New and upgraded buildings dominate leasing activity https://www.avisonyoung.us/w/friendly-journal-URL Office leasing in Northern Virginia is increasingly...

Miami submarkets power office surge with sharp vacancy drops in Coral Gables, Miami Beach, and Airport/Doral Miami’s office market is powering ahead with major submarkets rapidly absorbing space...

Leasing momentum in core industrial hubs; Phoenix among top performers Industrial leasing activity continues to be heavily concentrated within the nation’s largest distribution corridors, with core...

Charlotte’s office rent growth: Why are some submarkets much better than others? https://www.avisonyoung.us/w/friendly-journal-URL – The Midtown/South End submarket has led the market in rent...

Submarket comparison: Return-to-office trends across Raleigh-Durham https://www.avisonyoung.us/w/friendly-journal-URL - The West Raleigh submarket leads the region, with office visitation levels...

Silicon Valley tech companies seek AI talent despite layoffs While overall job postings in the Silicon Valley have declined, AI roles have grown in prevalence....

Artificial Intelligence job postings on the rise in San Francisco San Francisco’s white-collar job postings peaked in early-2022 before the Federal Reserve implemented a series of interest rate...

Industrial workforce demand climbs in Chicago https://www.avisonyoung.us/w/friendly-journal-URL In Q3 2025, the Chicago MSA recorded 40,538 job postings across the three industrial space-using...

Boston sees rise in average lease size in 2025 https://www.avisonyoung.us/w/friendly-journal-URL Year-to-date 2025, the average office lease size has risen to 24,405 SF, the highest level in a...

Office buildings renovated post 2018 in Manhattan see significant rent growth Manhattan office buildings renovated post‑2018 saw base rents surge up to 43%, driven by demand for modernized space...

Flight to quality keeps Austin’s CBD office rents at a premium Austin's CBD rents average $70 vs. $44 in suburbs, showing a strong flight to quality and demand for premium downtown office space....

MSP office market to see attendance boost? Office-using job postings show a promising trend. In this data bite, we looked at the trailing 12-month job posting volumes for office using industries....

Las Vegas CRE investment sales shift from distress-driven to institutional capital dominance Las Vegas CRE investment sales shift from distress-driven to institutional capital dominance...

The priciest office submarkets in the U.S.: What the top 25 reveal From Manhattan's dominance to Miami's meteoric rise, discover how U.S. office submarkets' average asking rents have reshuffled...

PhilaPort on pace for second consecutive record-breaking year, following record high trade volume in H1 2025 Port of Philadelphia, PhilaPort, container volume Philadelphia, TEUs Philadelphia port,...

Job growth and office leasing trends reveal distinct market nuances across the U.S. Office demand isn’t just about jobs—discover how major U.S. cities diverge in leasing trends, return-to-office...

Morning commutes on Metrorail are beginning to rebound predominantly in Tysons office market https://www.avisonyoung.us/w/friendly-journal-URL Of the three submarkets, the Rosslyn-Ballston (RB)...

Nashville industrial leases shorten as record rent growth and economic uncertainties surrounding tariff impacts continue Nashville industrial rents are up 16% year-over-year and 65% over 5 years....

Houston's specialized industrial market: A crane-served premium https://www.avisonyoung.us/w/houston-s-specialized-industrial-market-a-crane-served-premium Houston's industrial market is...

The great divide: How New Jersey’s industrial landlords balance premiums and concessions Class A space is commanding premium rents but at the cost of heavier concessions, while Class B/C is...

Central Charlotte submarkets lead 2025 leasing comeback https://www.avisonyoung.us/w/friendly-journal-URL – Despite being only the 5th largest submarket by total square footage, Midtown Southend...

Forecasting rent growth in Raleigh-Durham’s medical outpatient market https://www.avisonyoung.us/w/friendly-journal-URL – Historically, asking rents for medical outpatient buildings in...

San Francisco’s Artificial Intelligence hotspots have seen the market’s biggest drops in availability over the last two years AI-driven leasing fuels sharp availability drops in SF submarkets, led...

West Palm Beach office visitation on pace to be fully recovered by end of Q1 2026 West Palm Beach office is seeing an increase in employees returning to the office and is expecting to to make a...

Boston industrial escalation trends favor landlords https://www.avisonyoung.us/w/friendly-journal-URL Over the past 24 months, industrial rent escalation rates in Boston have demonstrated a clear...

Rising U.S. healthcare provider costs fuel new streamlined medical real estate solutions Increases in physician salaries and medical office rents are driving up healthcare costs across the U.S.,...

Nashville leads peer cities with highest tax revenue per capita Nashville sees up to 45% property value spike since 2021. Tax cuts ease some strain, but rising bills challenge residents amid strong...

Market dynamics in Downtown Los Angeles: Rising office vacancies, price adjustments, and adaptive reuse strategies https://www.avisonyoung.us/w/friendly-journal-URL DTLA’s office vacancy rate has...

Greenville’s office space is shifting toward tenant control Shell space availability in Greenville-Spartanburg has surged past 10%, reflecting a shift toward tenant customization. Partial...

Investor confidence surges as Charleston office sales reignite Charleston’s office market is rebounding in 2025, with sales volume projected to hit $240M amid rising investor confidence, strong...

Atlanta’s office recovery highlights market contrasts https://www.avisonyoung.us/w/friendly-journal-URL – As of June 2025, office buildings across Atlanta are 67% as busy as they were in June 2019....

Visitation rises across Miami retail and entertainment properties in 1H 2025 vs. 2024, 2023 Miami landmarks have been experience a high increase in visitation over the past 3 years. Suburban...

Boston MBTA public transportation ridership continues to recover https://www.avisonyoung.us/w/friendly-journal-URL Ridership on Boston’s public transportation system continues to rebound, gradually...

Manufacturing investment activity intensifies across Illinois Illinois sees $2.5B in industrial investments in 2025, led by Stellantis and AbbVie, boosted by new tax incentives and manufacturing...

San Francisco leads national year-over-year changes (%) in leasing volume across the U.S. at the end of Q2 San Francisco leads all markets across the nation with a staggering 62.8% increase in...

The cost of convenience: DC Metro proximity impacts office asking rents independent of building class https://www.avisonyoung.us/w/friendly-journal-URL From Metropolitan to Metro DC, office tenants...

Predictable performance keeps Tampa a safe bet for industrial Tampa’s industrial market stays strong with low vacancy, offering stable, long-term potential for investors and occupiers....

Orlando’s small industrial spaces gain ground as large leases hold the spotlight Orlando’s industrial market remains dominated by large leases over 50,000 square feet, but smaller tenants are...

Suburban superiority? MSP suburbs’ growth amidst new baseline In this data bite, we took a closer look at MSP’s H1 leasing by urban and suburban submarkets from 2015 to 2025. From 2015 to 2019...

Larger footprint grocers in Phoenix, AZ have longer dwell times due to size and diverse offerings compared to traditional grocers https://www.avisonyoung.us/w/friendly-journal-URL In Phoenix’s...

Industrial capital investment diversifies, attracting new users to Charleston Charleston’s industrial sector is booming, with over $10 billion in capital investment since 2020. Aviation,...

Drayage overview and cost estimates from the Port of Houston to key Texas markets Port of Houston drives global trade; nearby logistics hubs cut drayage costs, avoid fees, and support major...

Average lease sizes for Trophy/Class A offices rise amid broader market contraction in Northern Virginia In Northern Virginia, overall space consolidation is still occurring, especially in...

Capital investment in Greenville is shifting Capital investment in Greenville is shifting to non-automotive industries, IT, consumer products, and electrical components have been strong investors...

Total office availability throughout Greater Philadelphia has decreased 90 bps since Q2 2024 Greater Philadelphia office space Philadelphia office availability rate Philadelphia leasing volume ...

Back to the office? Chicago’s in-office job growth shows encouraging signs. Chicago sees 13 months of comparative in-office job growth, with postings up 25% YoY - driven by professional services...

Forecasting Charlotte’s office visitation reaching full post-pandemic recovery https://www.avisonyoung.us/w/friendly-journal-URL – As of June 2025, Charlotte’s office visitation level has reached...

Raleigh-Durham rent metrics: growth patterns and asking rates https://www.avisonyoung.us/w/friendly-journal-URL – The I-40/RTP, Southern Wake County West, Falls of Neuse Road, and North Durham...

The Great Realignment: How New Jersey industrial tenant composition has changed post-pandemic The Great Realignment: How New Jersey industrial tenant composition has changed post-pandemic...

Small-Bay, Big Impact: Atlanta’s industrial underdog leads the market https://www.avisonyoung.us/w/friendly-journal-URL – The Atlanta industrial market is a tale of two markets, with small-bay...

Boston TEU volume stays high as ports are seeing more vessels https://www.avisonyoung.us/w/friendly-journal-URL Twenty-foot equivalent unit (TEU) volume for the Port of Boston is climbing back to...

Greenville office demand: what lease size says about tenant behavior Office footprints are shrinking in Greenville, South Carolina with 90% of leases signed year to date were under 10,000 square...

Charleston sets the bar: lowest office availability in the Southeast The Charleston, SC office market holds the lowest availability in the Southeast at 14.2%....

Nearly 80% of GSA lease cancellations in NOVA hit Class B buildings Class B buildings bear the brunt of GSA lease cancellations in NOVA https://www.avisonyoung.us/w/friendly-journal-URL All GSA...

Denver office market gains altitude with major tenant growth Despite ongoing challenges in Denver’s office market, a strong “flight to quality” trend is fueling major tenant expansions. ONEflight...

Class A takes the lead: Shifting demand in DC’s office market https://www.avisonyoung.us/w/friendly-journal-URL In Q2 2025, Class A offices leased 2.2% of their total 35.4 million square feet...

Minneapolis-St. Paul's industrial vacancy is even tighter than it may seem Taking a closer look at the MSP industrial market’s total vacancy rates by build date....

Heatwave of leasing activity in Chicago’s industrial sector H1 2025 industrial leasing hit 25.2 MSF, showcasing strong tenant demand and renewed confidence. A June surge included RJW Logistics' 1.1...

The growth verdict: detailing law firm leasing activity across the Nashville market Nashville’s legal sector is booming, with law firms leasing over 1.3 msf since 2018, driving the city’s rise as a...

Over 500k square feet of GSA leases in Tampa Bay could be terminated by the end of 2026 Avison Young's Federal Property Pulse reveals over 500,000 square feet of GSA leases in Tampa Bay are at risk...

Georgia ranks #6 as a top state for federal lease cancellations with 1.5 msf at risk concentrated within metro Atlanta https://www.avisonyoung.us/w/friendly-journal-URL – Across metro Atlanta, more...

Active development continues to decrease across the Philadelphia industrial market as demand for new product softens Philadelphia industrial real estate market Q2 2025 industrial market report ...

Greater Boston Occupiers see a trade-off in rent concessions as construction costs rise, and landlords become more cash constrained https://www.avisonyoung.us/w/friendly-journal-URL Free rent...

Office busyness in MSP: is this new normal here to stay? Office busyness in the U.S. and Minneapolis–St. Paul has steadily risen post-2020, now plateauing near pre-COVID levels—signaling a new...

New product deliveries continue to place upward pressure on space availability throughout the Philadelphia industrial market Philadelphia industrial market industrial real estate Philadelphia ...

Class B office activity rebounding in New Jersey Class B Office Recovery Across Major U.S. Markets https://www.avisonyoung.us/w/friendly-journal-URL In the post-pandemic era, tenant demand has...

Law firms drive DTLA sublease drop - Down 24% from peak, yet still 269% above pre-pandemic DTLA sublease vacancy drops 24% since 2023 peak; law firms lead leasing with downsizing, but vacancy still...

Tech and defense industries lead office leasing activity in Northern Virginia Over the past year, Northern Virginia has experienced an increase of tech companies inking office leases, despite an...

Phoenix’s empty offices are quietly turning into apartments As Phoenix office vacancies rise, developers eye adaptive reuse, but zoning, costs, and design hurdles slow progress despite strong...

Miami Beach offices seeing strongest return-to-office activity Miami Beach and North Miami offices return-to-office activity has passed the pre-pandemic levels. There is about 26 additional...

What’s fueling the shift in Raleigh-Durham’s office sublease market post-COVID? https://www.avisonyoung.us/w/friendly-journal-URL – Both Class A and B sublease availability surged between Q1 2021...

Exploring lease rate shifts across Charlotte’s office submarkets https://www.avisonyoung.us/w/friendly-journal-URL – The southeastern area of Charlotte offers the most affordable office asking...

Owner-User demand sustains retail pricing amid rising vacancy in Los Angeles https://www.avisonyoung.us/w/friendly-journal-URL While the Los Angeles capital markets environment remains...

Undesirable assets continue to inflate San Francisco vacancy After exploring office buildings over 50,000 sf and factoring in asset quality as well as the landlord’s financial status and ability to...

Winners and laggards in the Silicon Valley office market Mountain View has seen a sharp reversal, rising to the highest vacancy rate in the region (29.7%)...

April Port Activity Rises, But Tariff Questions Persist https://www.avisonyoung.us/w/friendly-journal-URL The Ports of Los Angeles and Long Beach reported an 8.9% month-over-month increase in...

Vacancy lower in smaller industrial buildings within Greater Boston https://www.avisonyoung.us/w/friendly-journal-URL Smaller flex/industrial buildings have outperformed larger sites since 2020,...

DFW’s shopping center sector – where did all the development go? Before 2010, the shopping center sector was dynamic, but post-Great Recession, retail development stalled, even in fast-growing...

Houston’s industrial landscape: Big-box vacancies climb while small-bay thrives Houston industrial construction favors mid-size buildings, while small-bay supply stays tight and big-box deliveries...

Tech talent in demand: The top U.S. cities driving AI’s hiring boom Discover how AI job postings have surged in key tech hubs like San Francisco, New York, Houston, Austin, and Boston....

Atlanta’s industrial pipeline rightsizing after record-breaking years of development https://www.avisonyoung.us/w/friendly-journal-URL – Atlanta’s pipeline for new construction has declined 1% YoY...

MSP office visitation is notably bifurcated by asset class Explore how office visitation trends reveal a strong preference for high-quality spaces, with Trophy/Class A outperforming B/C...