data
bites

Miami’s supply of small bay industrial buildings continues to dwindle South Florida's inventory of small bay warehouses remains in high demand as vacancy rates decrease...

Investment activity shows resiliency through economic headwinds in Fort Lauderdale Fort Lauderdale's industrial investment volume is booming amidst economic downturns...

New Jersey office sublease space remains stable, while rents decline as companies continue to adjust their footprint https://www.avisonyoung.us/w/friendly-journal-URL As a result of the...

North Carolina class A industrial performance takes the lead in the southeast Class A industrial space in North Carolina outperforms similar property in other major southeastern markets...

Greenville's rising multifamily rental rates outpace salary growth Local and national factors are contributing to the gap between salaries and multifamily rental rates in Greenville...

The Los Angeles office market will face some challenges with just over $2.2B in CMBS loans currently on the watchlist Office owners have faced financial difficulties with tenants continuing to make...

Office leasing activity decelerates in Jacksonville, exerting a dampening effect on job postings As Jacksonville companies make cost-cutting efforts, office job posting volume and leasing activity...

DFW’s home affordability is acutely challenged despite an uptick in supply Dallas-Fort Worth’s change in home prices 2013–2023 and the potential impact on future economic growth...

Leasing landscapes: Urban pulse vs. rural respite in the office world - Northern Virginia https://www.avisonyoung.us/w/friendly-journal-URL The ‘Return to Office’ has seen many tenants rethink how...

Pennsylvania & New Jersey Office Construction Costs 2022 vs 2023 https://www.avisonyoung.us/w/friendly-journal-URL Construction material costs were at an all-time high in 2022 as demand...

Newer properties on Long Island have performed well during challenging times https://www.avisonyoung.us/w/friendly-journal-URL Newly constructed office properties continue to experience lower...

Office property CMBS loan maturities in Atlanta are set to peak in 2025 https://www.avisonyoung.us/w/friendly-journal-URL – Across the Atlanta market, there are 151 office CMBS loans set to expire...

West Coast cities see the largest increase in life science related funding compared to pre-COVID levels West Coast cities are seeing the largest increase in life science related funding compared to...

U.S. Office employees still have upper-hand on flexible work options (for now) Office employees still have upper-hand on flexible work options. Here's what the worker quits-to-layoffs and...

Office space odyssey: Location dynamics within a block in Washington DC https://www.avisonyoung.us/w/friendly-journal-URL In the wake of COVID-19 and the rise in remote or hybrid working models,...

Data Center inventory growth has accelerated across Northern California in response to a sharp increase in demand...

Following the money: Alternatives become more mainstream in the eyes of investors Exploring the dichotomy of investment volume, sector influences, and capital reallocation trends...

Leasing activity across the Chicago Industrial market continues to surpass the rapid pace of new developments Demand increases and vacancy rates shrink as Chicago industrial market remains active...

While smaller leases dominate YTD transactions, overall leasing activity remains slow in Austin As of 2023, 1.1 million sf of office space, ranging from 1k-5k sf, has been in demand as seen in...

Which submarkets have outperformed in Midtown Manhattan? https://www.avisonyoung.us/w/friendly-journal-URL Analyzing the current availability rate in comparison to the post-COVID change in...

Boston’s monthly public transportation ridership has rebounded by 63% compared to pre-pandemic levels https://www.avisonyoung.us/w/friendly-journal-URL After the outbreak of Covid-19, Boston's...

Denver market remains resilient despite construction activity and elevated vacancy https://www.avisonyoung.us/w/denver-market-remains-resilient-despite-construction-activity-and-elevated-vacancy...

The flight to quality continues in DFW but the newest office deliveries are taking more time to lease We took a closer look at Dallas-Fort Worth office building development and leasing activity...

Big box leases driven by e-commerce no longer dominate industrial demand in Houston Despite a surge in demand for larger spaces exceeding 500k sf driven by e-commerce during the pandemic, the...

U.S. Life Science investment favors Biotech and AI/Digital Health companies U.S. Life Science investment favors Biotech and AI/Digital Health companies...

Industrial tenants continue to expand and relocate to Nashville at pre-covid levels While office tenants have seen a notable pause, industrial tenants continue at the same pace....

Greenville's retail market experiences historical growth With retail employment increasing, vacancy rates decreasing and tourism growing, Greenville's retail market is booming...

Could Houston have a problem with the looming $1.7B office CMBS loans? Like most of the office markets nationwide, Houston has its share of CMBS loans with landlords facing some financial...

Charleston’s industrial construction decelerates amidst increasing new building costs Industrial construction in Charleston slows, despite high demand. The rising cost of building materials, labor...

Bay Area office concessions being offered vary across the region https://www.avisonyoung.us/w/bay-area-office-concessions-being-offered-vary-across-the-region In San Francisco, tenants have...

Office employment and job posting data paint different complexions on the U.S. economy. Which is more telling? Office employment and job posting data paint different complexions on the U.S....

The Greenwich, CT office submarket maintains its superior performance compared to other regions within Fairfield https://www.avisonyoung.us/w/friendly-journal-URL When contrasting the two more...

Ridership on the Long Island Rail Road (LIRR) is steadily returning to normalcy https://www.avisonyoung.us/w/friendly-journal-URL In the week immediately preceding the commencement of lockdowns,...

From empty spaces to thriving places: the surging of Chicago industrial rental growth Chicago's industrial rental growth surges as rental rates rise and big box leases in the I-80 Corridor nearly...

Demand for smaller office space is increasing in Denver https://www.avisonyoung.us/w/demand-for-smaller-office-space-is-increasing-in-denver Due to uncertainty surrounding hybrid work and return to...

Boston - International trade volume continues its upward trajectory after hitting lows in early 2022 https://www.avisonyoung.us/w/friendly-journal-URL After reaching a nearly all-time low in 2022,...

Atlanta’s Northeast submarket boasts largest increase in industrial growth over the last five years https://www.avisonyoung.us/w/friendly-journal-URL – The Northeast submarket recorded the most...

Manhattan office employment and job postings tell two distinct stories https://www.avisonyoung.us/w/friendly-journal-URL Job postings serve as a reliable leading indicator of future employment and...

Occupiers adopting a hybrid work model in San Diego are favoring smaller office requirements Occupiers continue to assess the best return-to-office strategies in San Diego. The Pandemic has created...

Raleigh-Durham suburban office leasing volume remains steady as remote job postings reach high levels Raleigh-Durham suburban office leasing volume remains steady as remote job postings reach high...

Las Vegas retail climbs to top 3 nationally for annual rent growth https://www.avisonyoung.us/w/las-vegas-retail-climbs-to-top-3-nationally-for-annual-rent-growth Las Vegas retail currently stands...

Economic concerns, return to office policies and right-sizing impact all asset classes in downtown Philadelphia https://www.avisonyoung.us/w/friendly-journal-URL Changes in occupancy across all...

Phoenix Retail – The Valley’s retail leads the nation in annual rent growth https://www.avisonyoung.us/w/phoenix-retail-the-valley-s-retail-leads-the-nation-in-annual-rent-growth Phoenix has...

Austin leasing activity suggests urban and suburban growth Leasing activity over the past few years suggests occupier demand remains strongest in urban environments, namely the CBD , East Austin,...

Balancing act: Exploring the surging apartment supply and its impact on decelerating rent growth in the DC metro region https://www.avisonyoung.us/w/friendly-journal-URL While office remains a...

New Jersey's Industrial Leasing: A Signal of Post-Pandemic Resilience and Recovery https://www.avisonyoung.us/w/friendly-journal-URL Industrial leasing activity in New Jersey year-to-date is on...

Trophy office rents soar in West Palm Beach as an abundance of new inventory delivers Tenants are prioritizing highly amenitized office spaces, causing trophy rent prices to increase...

Industry share of office job postings shift in Tampa Job listings in Tampa's office market have been declining to below pre-pandemic levels in 2023 https://www.avisonyoung.us/w/friendly-journal-URL...

Orlando's industrial rents are on the rise as vacancy continues to decline The increase in Orlando's industrial asking rents has directly correlated with lower vacancy rates over the same period...

Miami's office resiliency through economic cycles Through different economic downturns, Miami's office market has exhibited strength over the years https://www.avisonyoung.us/w/friendly-journal-URL...

Industrial development demands are shifting in Jacksonville Jacksonville's industrial pipeline has varied greatly over the years as general warehouse facilities continue growing in popularity...

Fort Lauderdale's office job postings remain elevated compared to pre-pandemic levels Quarterly job listing volume in the Fort Lauderdale office market remains high post pandemic...

Federal spending helps drive the DFW region’s prosperity Federal spending awarded to Texas helps drive the prosperity of the Dallas-Fort Worth region...

Manhattan tenants are signing longer term leases in higher quality assets https://www.avisonyoung.us/w/friendly-journal-URL As the future office landscape continues to evolve, certain tenants...

Houston's top 5 submarkets for office leasing activity in 2023 (so far) Houston's office market has seen an uptick in leasing activity during the first half of 2023, with 3.3 msf leased and 37.8%...

Charlotte’s heavy industrial land supply is shrinking A county wide decrease in the number of approved rezoning petitions to light industrial use presents a clear market constraint on new IOS in...

Charleston office market outperforms cities with a less diversified city center Charleston office market has only seen a 18.0% increase in office vacancy. Atlanta and Charlotte, cities with...

New Jersey Investment Sales Volume Down Compared to 2022 https://www.avisonyoung.us/w/friendly-journal-URL NJ office investment volume through the first half of 2023 is down 70% compared to the...

Nashville’s office leasing seeing an increase in smaller footprints As numerous companies adopt hybrid work-from-home models, their office space needs are changing....

Greenville’s class C offices see decreased availability due to competitive rent rates Class A and class B offices have experienced increased availability since the pandemic, while class C offices...

Remote work remains prevalent, but heightened U.S. return-to-office mandates should lead to stronger near-term demand Remote work remains prevalent, but heightened U.S. return-to-office mandates...

Similar recovery of office leasing activity & CTA ridership in the Chicago CBD CTA ridership and Chicago CBD leasing activity have shown similar recovery patterns since 2020....

The 495 submarkets experience the greatest industrial growth across greater Boston in the last five years https://www.avisonyoung.us/w/friendly-journal-URL The 495 Belt has witnessed the highest...

Tech dominates and drives Atlanta office leasing activity in 2023 https://www.avisonyoung.us/w/friendly-journal-URL –The tech industry leased 6.6% more space during 2020-2023 YTD compared to...

DFW’s new urban core apartments — seeing mixed lease-up and taking longer to stabilize at a wide range of rents Since 2020, more than 5,500 apartment units have been delivered in Dallas-Fort Worth....

VC/PE Funding in Life Sciences across Greater Philadelphia still at record high https://www.avisonyoung.us/w/friendly-journal-URL Philadelphia’s strong reputation across the life sciences sector...

New Jersey industrial price per square foot rises despite decrease in sales volume https://www.avisonyoung.us/w/friendly-journal-URL New Jersey's industrial sales volume through the first half of...

DC metro magic: Exploring the symphony of office performance and proximity to the metro https://www.avisonyoung.us/w/friendly-journal-URL Tenants throughout the DC metro region have generally...

Multifamily rent growth for class A surpasses class B rent growth as Raleigh-Durham’s early career population booms A significant increase in early career-aged population (age 20 – 35), known for...

Port volumes continue to soften in Los Angeles and the Inland Empire Port volumes slowdown in Los Angeles and the Inland Empire after reporting record setting numbers in 2021 and 2022...

Bay Area sees divide in remote work job postings with lower figures in suburban markets...

DC metro magic: Exploring the symphony of office performance and proximity to the metro https://www.avisonyoung.us/w/friendly-journal-URL Tenants throughout the DC metro region have generally...

Multifamily sector continues to lead Charleston’s investment activity Investment sales as a whole are trending downward but the multifamily sector remains strong in the Charleston market....

The Greenville office environment evolves as new industries grow their presence An influx of new industries is changing the office landscape in Upstate, South Carolina. Check out the breakdown in...

Suburban properties in Nashville witness psf pricing growth amid rising interest rates Viewed as a more affordable option, YTD office and industrial suburban sales have witnessed psf pricing growth...

Fairfield County – While retail sales grow, investment sales in key asset classes are projected to reach their lowest levels since 2011 https://www.avisonyoung.us/w/friendly-journal-URL After two...

Long Island - For the second consecutive month, the ports of New York and New Jersey maintain a trajectory toward "normalcy" https://www.avisonyoung.us/w/friendly-journal-URL Shipping volume is...

New inventory in Miami is expected to further drive demand in Florida’s already-booming industrial sector Florida's industrial market experiences a surge, with construction in Miami anticipated to...

Houston’s industrial historical and projected construction Houston’s industrial construction pipeline remains robust, with 29.7 msf underway and 24.8 msf projected to be delivered by year-end....

Tampa’s industrial sector leads among Florida markets for the highest positive absorption in the state Industrial tenant interest has picked up in Florida due to the state’s prime location, with...

Despite slowing in the first half of the year, select Life Science job postings remain above pre-COVID levels...

Under construction ground-breaking snapshot – Chicago Industrial Construction activity in the Chicago industrial market is showing signs of decline, with only 2.8 msf having started construction in...

Life science funding in Raleigh-Durham has cooled down in the past year  Despite this cooldown, Q1 and Q2 2023 have both seen higher funding totals than the same quarters in 2020, and Q3 and Q4 of...

New construction in Charlotte dwindles to a three-year low Industrial construction starts have slowed down due to various factors such as economic uncertainties, tightened money supply, selective...

Distress is mounting for U.S. commodity offices Landlords exposed to commodity assets may need to stretch their underwriting assumptions to capture tenant commitment....

Box office hits bounce back in North America but could see a dramatic intermission from current strikes https://www.avisonyoung.us/w/friendly-journal-URL •North America’s movie theater business has...

A subset of large buildings make up a majority of Manhattan's office space availability https://www.avisonyoung.us/w/friendly-journal-URL As of Q2 2023, the Manhattan office market included 103.3...

Notable decreases in total job postings for both in-person and remote workers across Greater Philadelphia https://www.avisonyoung.us/w/friendly-journal-URL Total job postings (remote &...

Secondary U.S. metros ripe for more medical office development Markets with population sizes of 500,000-1,000,000 have experienced the most dramatic increases in occupancy....

Flight-to-quality trend in Boston driving asking rents up and availability down in Trophy buildings. https://www.avisonyoung.us/w/friendly-journal-URL Similar to most major office markets across...

EV invests in the state of Georgia https://www.avisonyoung.us/w/friendly-journal-URL Georgia continues to attract companies within the electric mobility industry. Over the last 5 years, the state...

Downtown Los Angeles sees incentive in tenant concessions for longer term deals The downtown Los Angeles market is seeing higher tenant concessions for longer term deals...

Austin multifamily increasing rental rates begin to slow down In the last 18 months, the pace of rental rate growth across class A and B properties have slowed due to a sharp influx of new product...

Dallas-Fort Worth’s long-term office supply & demand perspective illustrates how disruptive this cycle has been DFW office absorption, deliveries, and vacancy 1980–2023...

San Francisco venture capitalists ride the AI wave https://www.avisonyoung.us/w/friendly-journal-URL The AI boom in San Francisco is a breath of fresh air for the city and has venture capitalists...

A tale of two cities: The epic saga of supply vs. demand in Washington DC's commercial real estate market https://www.avisonyoung.us/w/friendly-journal-URL The Washington DC metro, specifically its...

Top 50 tech employers in San Francisco disproportionately shed more space than employees were laid off at the location https://www.avisonyoung.us/w/friendly-journal-URL Of the top 50 tech employers...

Las Vegas retail – Vacancy falls as rent growth continues https://www.avisonyoung.us/w/las-vegas-retail-vacancy-falls-as-rent-growth-continues Las Vegas retail has seen increased demand over the...

Despite headlines, a mere 4% of Google, Meta, Amazon and Apple’s total portfolio across Bay Area is available for lease https://www.avisonyoung.us/w/friendly-journal-URL –Of the approximately 57...

The Los Angeles Mansion Tax's effect on commercial real estate LA's Mansion Tax has brought a new discussion for investors when buying or selling properties...