Market reports and insights
Gain real estate insights that drive real impact. Our comprehensive market reports leverage the breadth of our service expertise and the deep knowledge of our people to provide you with the data-driven perspective you need to make informed decisions across your portfolio. Whether you're seeking to understand the latest office trends, identify emerging industrial opportunities, or assess the evolving capital markets, our sector-specific reports deliver the actionable intelligence that can help your business thrive. Explore our latest insights and unlock the potential of your real estate strategy.
U.S. Capital Markets Q1 2024 insights
The Capital Markets sector is grappling with decreased debt origination due to high interest rates, with a year-to-date (YTD) volume of $56.04 billion falling behind the first quarter of 2023, alongside a drop in active lenders. This decline is partly due to lenders' overexposure to troubled assets, offering chances for opportunistic buyers. A significant concern is the halt in regional bank lending, previously a mainstay for CRE financing, without a clear alternative. Equity markets are also struggling, with YTD investment sales at $29.64 billion across all sectors. Institutional investors are sidelined, deterred by the high cost of capital. Notably, there's a surge in funds aimed at opportunistic investments, with Blackstone raising a record $30 billion, targeting returns above 20%, indicating anticipation of a pricing rebound with potential interest rate cuts.
U.S. office market Q1 2024 insights
Early in 2024, direct available office space in the United States reached a decades-long high of 1 billion square feet. This increase can be partially attributed to a slowdown in large block leasing caused by occupiers’ hesitancy to commit to long term office strategies. Trophy properties, however, are significantly outperforming the market in terms of average lease lengths—currently 27.1% longer than the overall average.
U.S. industrial market Q4 2023 insights
2023 will be marked as one of the most resilient years in industrial sector history. Despite the record amount of new space hitting the market resulting from nearly 700 million square feet in the construction pipeline peak in late 2022, the sector retained positive net absorption every quarter, and was only slightly down from pre-COVID averages. 2024 is positioning to be a return to normalcy when it comes to overall leasing, and the first month of the year has experienced an uptick in pre-leasing activity that will likely result in executed leases in the second half of 2024.
Q4 2023 U.S. life sciences market overview
A slowdown in leasing activity within the lab/R&D sector coupled with a significant amount of speculative construction starts in early 2022 has given way to a surplus of supply across the country. Moreover, the rightsizing of smaller and midsize life science companies has led to a drastic uptick in sublease availability. While this supply injection is not expected to be absorbed in the near-term, leasing activity is anticipated to pick up in the next 12-18 months based on a variety of indicators, such as venture capital funding, M&A activity, and a less competitive labor market.
U.S. multifamily market Q4 2023 insights
Over 1 million new units have delivered across the top U.S. markets since 2020, increasing the multifamily supply by almost 15%. The increased supply has slowed overall rent growth, as half of U.S. major markets have seen effective rents decline over the last 12 months. Slowed rent growth coupled with increased interest rates led to a significant drop in sales volumes, reaching the lowest rate since 2014.
