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Empty warehouse space in New Jersey
News

U.S. Industrial Sublease Availability Hits Record-High 156M SF

... in the fourth quarter, according to Savills data reported by The Wall Street ... industrial space was available for sublease, Savills reported. That dropped to about ... Most of that was in spec projects, Savills reported. Nationwide, industrial vacancy reached 6%, ...

Feb 14, 2024
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Nonprofit charity aid workers volunteers
News

Why NYC Nonprofits Might Have To Start Scrambling For Space

... quality space had already started for nonprofits, data provided by Savills to Bisnow shows. In 2023, 51% of nonprofit ... picture for nonprofits’ office footprints because of leasehold deals, Savills Vice President Marisha Clinton said. “I think we could ...

Feb 10, 2025
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Pillsbury Law Firm Leases Full Floor In 609 Main Downtown
News

Pillsbury Law Firm Leases Full Floor In 609 Main Downtown

... resources, financial services and real estate. The firm tapped Savills to find a new office environment with “convenient, first- ... as diversity and building a more inclusive legal profession,” Savills Senior Managing Director Lesa Nickelson French said in the ...

Jan 25, 2024
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Plant growth land
News

Some Sectors Will See The 'Buying Opportunity Of A Generation' In 2023

... the main driver of investment performance. For residential property, Savills said much higher costs of debt are expected to ... is set to deliver rental growth.  Across commercial sectors, Savills predicted that the weak consumer environment in 2023 will lead ...

Dec 19, 2022
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Brickell Miami Offices
News

Miami Office Leasing Slows Further, But Rents Keep On Rising

... of 2023, according to market reports from major brokerages like Savills, CBRE and JLL. But leasing in the market has slowed ... more expensive market to enter than before Covid, according to Savills. The increase has been most acute in Brickell, where asking ...

Jan 15, 2025
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Houston Office Leasing Declined 35% Last Quarter As Tenants Vet Landlord Finances
News

Houston Office Leasing Declined 35% Last Quarter As Tenants Vet Landlord Finances

... a 35% decrease from the previous quarter, according to Savills’ Q4 2023 Houston office report released Tuesday. Overall leasing ... factors are extending the timeline of a typical deal, Savills Research Manager Deandre Prescott said.  “Occupiers are taking a ...

Jan 03, 2024
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Midtown Manhattan
News

Manhattan Office Market Closes 2024 With Most Active Quarter In 5 Years

... for 77% of leases signed during the quarter according to Savills.  “The most striking data point was the renewed strength in ... set to mature over the next three years, according to Savills, a sign that there is still ample vulnerability among landlords ...

Jan 02, 2025
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New Fund Buys £291M Logistics Portfolio As Sector Bounces Back Globally
News

New Fund Buys £291M Logistics Portfolio As Sector Bounces Back Globally

... during and in the immediate aftermath of pandemic lockdowns, Savills said investors are still willing to underwrite deals in the ... have come forward and lot sizes have quickly increased,” Savills Head of Global Cross Border Investment Rasheed Hassan said in ...

Nov 22, 2024
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SFH market UK
News

£25B Of Investor Capital Circles SFR As Housebuilders Look To Offload Units

... and 80% targeting the south-west, according to Savills. “Investment strategies for SFR are diversifying as different ... their niches and capitalise on this burgeoning sub-sector,” Savills Director, Residential Investment Research & Strategy Jacqui Daly said ...

Nov 22, 2023
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south florida industrial housing summit panel 2
News

Sky-High Prices Forcing South Florida's Industrial Developers To Look Elsewhere

... to an influx of new developments, according to Savills. However, demand for industrial space is still ... and 11.7M SF in 2022, per Savills. Asking prices are still high in South ... SF in the third quarter, the report by Savills showed. “It's a little pricey for ...

Nov 20, 2024
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