Valuable Commercial Property Insights | Avison Young US - United States
Gain valuable commercial property insights with thought capital
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Sightlines Around-the-corner knowledge and multi-national expert insights and data-driven intelligence to help you unlock economic, social, and environmental value in your commercial real estate decisions.
Viewpoints - Fall 2023
Expert perspectives on trending topics in real estate, and its influence on our communities and workplaces.
Explore our 2022 Impact Report, and read about our performance last year, alongside perspectives from our people on the topics that matter most to us – climate action, diversity, equity and inclusion, and community impact.
Accompanied by stunning portraiture, captured by talented female photographers from Women Photograph, these stories are just some of the ways we’re supporting our clients, our industry and each other to create everyday impact for people and the planet.
Market reports Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
U.S. office market Q4 2023 insights
Occupiers continued to navigate their real estate needs through year-end 2023, as embodied by slowed lease transaction volume and heightened renewal activity. Despite the below-average leasing activity, available sublease space has declined to its lowest level since Q1 2023. The dip in available sublease can largely be attributed to a handful of factors – notably the demand for high-end, built sublease space.
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.
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.