data
bites

Port of Philadelphia (PhilaPort) sets sights toward expansion after another record-breaking year of TEU volume PhilaPort had a record-breaking year, handling 841K TEUs—a 13.1% annual growth rate,...

Navigating Lakeland/Polk County's route to industrial stability in the Tampa MSA Lakeland/Polk County's industrial market vacancy and stability in the Tampa MSA...

Established properties lead Fort Lauderdale's industrial market Building constructions maintained an average occupancy of 96% between the year 2000-2009 and 2015-2019. But after the year 2020 the...

New Jersey office leasing activity has increased year-over-year in 2024 New Jersey office leasing activity has increased year-over-year in 2024 https://www.avisonyoung.us/w/friendly-journal-URL ...

Development activity picks up among for-sale housing market across the U.S. while demand increases in multifamily As people seek affordable, accessible alternatives amid rising home prices and...

Big-box shakeup: Expansions surge as retail closures reshape Phoenix market https://www.avisonyoung.us/w/big-box-shakeup-expansions-surge-as-retail-closures-reshape-phoenix-market Big-Box Expansion...

Atlanta’s industrial market driven by port activity and strong tenant investments https://www.avisonyoung.us/w/friendly-journal-URL – The Atlanta market closed 2024 with more than 45.3 million...

Fairfield County average lease size sees year-over-year increase Fairfield County average lease size sees year-over-year increase https://www.avisonyoung.us/w/friendly-journal-URL The average...

Long Island average office lease size sees year-over-year increase Long Island average office lease size sees year-over-year increase https://www.avisonyoung.us/w/friendly-journal-URL The average...

MSP office leasing congregating in next-newest tier of buildings In this data bite, we looked at the historical leasing volume by different office building construction eras. In the post-pandemic...

Understanding the asking rent disparities across class A, B, and C office spaces in Charlotte https://www.avisonyoung.us/w/friendly-journal-URL – Since 2016, Class C office prices have increased by...

The rise of leading office industries in Raleigh-Durham https://www.avisonyoung.us/w/friendly-journal-URL - The tech industry office footprint consistently exhibits the highest year-over-year...

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...

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...

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...

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:...

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...

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...

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....

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...

Nashville investment activity across most sectors began to rebound in 2024 Investment sales in Nashville rebounded in 2024, with office, industrial, and retail sectors experiencing year-over-year...

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...

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....

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....

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...

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...

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...

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...

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...

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...

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...

Manhattan 2024 leasing activity leads post-COVID recovery among major markets Manhattan 2024 leasing activity leads post-COVID recovery among major markets...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Long Island industrial market’s vacancy rates performance varies by building size Long Island industrial market’s vacancy rates performance varies by building size...

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...

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...

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...

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...

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...

Raleigh-Durham industrial cap rates and vacancy continue to rise, though market optimism grows https://www.avisonyoung.us/w/friendly-journal-URL – The Raleigh-Durham industrial market has seen a...

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...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Chicago industrial deliveries slow while vacancy remains stable Construction activity in the Chicago industrial sector has slowed as vacancy remain stable...

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...

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...

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...

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...

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...

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....

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...

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...

Las Vegas multifamily investment poised for a comeback with 2024 rate cuts Las Vegas multifamily investment poised for a comeback with 2024 rate cuts...

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...

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...

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...

Newly renovated office buildings in Fairfield County seeing lower availability rates Newly renovated office buildings in Fairfield County seeing lower availability rates...

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...

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,...

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...

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,...

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 % -...

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...