data
bites

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...