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 Q3 2023 insights
Occupiers continued to navigate their real estate needs through Q3, as embodied by slowed lease transaction volume and heightened renewal activity. Office employment conditions remain competitive, which has complicated return-to-office efforts and therefore long-term office occupancy decisions; however, there are indications that employers may have the upper hand soon.
Throughout 2023, national industrial net absorption has stayed positive despite a surge in new deliveries and ongoing economic deceleration from the previous year, with leasing activity dipping but matching the pre-pandemic 10-year average. Rising construction costs have spiked rental rates, maintaining high capital values for industrial assets, while a slowdown in new projects signals a future shortage of space, even as supply chain diversification promises enduring demand.
On average, over 700 new multifamily units have delivered each day since 2020. As new deliveries have flooded the market, rent growth has slowed to +1.1% so far in 2023. Elevated 10-year Treasury rates have reached 4.7%. compared to cap rates at 5.0%, limiting near-term investment activity. As rent growth has slowed and access to financing has become more difficult, new construction starts have dropped by almost 60% over the last 12 months.