data
bites

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...

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...

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...

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...

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...

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....

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...

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...

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...

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...

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....

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....

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...

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...

Trophy assets lead office busyness revival across the U.S. Premium office spaces prove to be the busiest in the U.S. amid evolving employee preferences and the flight-to-quality movement sweeping...

Austin’s tech industry returns to office The tech sector has emerged as a leading industry in office visitation recovery for class B space, showing a 36% year-over-year increase. The tech sector...

Healthcare, professional services, and finance sustain demand in Phoenix’s evolving office market Healthcare, professional services, and finance sustain demand in Phoenix’s evolving office market...

Greenville-Spartanburg industrial market poised to end 2024 strong The Greenville-Spartanburg industrial market is showing promising signs of a strong finish in 2024, with Q3 leasing activity...

Post-COVID landscape of distressed loans in the DC Metro area Since the pandemic, DC Metro office loans have faced distress due to low demand and high concessions, while multifamily and industrial...

Las Vegas outpaces data center national demand surge amid nationwide power shortages Las Vegas outpaces data center national demand surge amid nationwide power shortages...

When it comes to being in the office, data shows that Tuesdays are the most popular day for Atlanta employees https://www.avisonyoung.us/w/friendly-journal-URL – Following the COVID-19 pandemic...

In Raleigh-Durham, industrial vacancy varies by product type https://www.avisonyoung.us/w/friendly-journal-URL – Although all 3 major industrial product types experienced the same vacancy of 1.3%...

Of major office using industries in Greater Boston, life sciences and consulting exhibit strongest office visitation recovery https://www.avisonyoung.us/w/friendly-journal-URL When comparing office...

Office visitation rates increasing to align with occupancy rates in Fairfield County Office visitation rates increasing to align with occupancy rates in Fairfield County...

Higher quality buildings attract larger leases in Fort Lauderdale https://www.avisonyoung.us/w/friendly-journal-URL – Over the past 5-years, Trophy and Class A office buildings in Fort Lauderdale...

Los Angeles office hotspots are buzzing with activity Los Angeles office show more than half of submarkets are seeing more employees in office compared to last year...

Evolving sales trends in Orlando’s industrial market https://www.avisonyoung.us/w/friendly-journal-URL – So far in 2024, sales with an average price per square foot over $150 account for 35% of all...

Leading industries shape key trends in Miami's office market https://www.avisonyoung.us/w/friendly-journal-URL – The banking, finance, insurance & real estate sector has experienced a 9% increase...

Trends in Tampa tourism and visitation https://www.avisonyoung.us/w/friendly-journal-URL – Tampa’s rising profile as a top destination for both leisure and business travelers continues to drive...

Long Island office visitation continues to rise despite dip in leasing activity https://www.avisonyoung.us/w/friendly-journal-URL Long Island offices are 77.6% as busy today as they were in Q3...

New Jersey’s office busyness recovery led by transit hubs https://www.avisonyoung.us/w/friendly-journal-URL New Jersey’s transit hubs are leading the way in the recovery of in-office attendance....

Houston offices busier on Mondays as hybrid workers return Houston’s office visitation recovery continues to outpace the national average, reaching 63.7% of the pre-pandemic levels from 2019...

DFW’s Office Busyness Index – ongoing improvement across the board, but some suburban markets continue to lag As of June 2024, the US office sector had rebounded to 61.9% of where it stood in June...

Office amenities matter: Charleston's Downtown submarket reflects regional tenant preferences Avison Young’s 2024 South Region broker sentiment survey shows that office tenants value nearby...

New deliveries in Charlotte Industrial sector spurring higher vacancy rates https://www.avisonyoung.us/w/friendly-journal-URL – In 2024, the Charlotte Industrial market has seen deliveries of 8.6...

New Jersey industrial sublet availability soars https://www.avisonyoung.us/w/friendly-journal-URL Currently, there is 8.3 million square feet (msf) of sublet space available in New Jersey,...

Nashville investment activity begins to rebound in the first half of 2024 Investment sales volume in Nashville saw a strong rebound in early 2024 with significant increases in most property sectors...

MSP office users favor going into the office early in the week In this data bite, we utilized Placer.ai data via the new AY Office Busyness Index to analyze changes in MSP’s office visitation level...

Tuesday leads the pack in office visitation across the Greater Philadelphia market https://www.avisonyoung.us/w/friendly-journal-URL Following the COVID-19 pandemic office visitation across...

Los Angeles leading the way in “Office Busyness” Los Angeles Leading the Way in “Office Busyness” https://www.avisonyoung.us/w/friendly-journal-URL Since 2019, office utilization has steadily...

Chicago big box leasing activity continues to thrive Big box leasing activity has continued to be a driving force for the strong demand seen within the Chicago market...