The District had 11.5% of trophy office vacancy at the end of the year, while overall vacancy was at 21.2%, according to CBRE.
Warehouse vacancy rose above 5% at the close of 2023 as tenant demand normalized from pandemic heights.
More than 2M SF of office space was added to the region's inventory in the past 12 months, helping to drive the availability rate to nearly 30%.
Chad Hagle of Aventine Development Corp. believes retail markets in Central and Eastern Europe offer better returns than what is currently possible in the U.S.
The three largest deals of the quarter saw companies recommitting to office footprints of more than 200K SF.
Despite renewed financial activity, the biotech thaw early in 2024 hasn’t significantly impacted life sciences real estate.
Four global brokerage firms appointed new leadership in South Florida as they look to expand their headcounts in a market that has shown resilience.
Among a wave of development planned in Rittenhouse Square, two labor-union-owned buildings on Chestnut Street are now set for demo, and a potential sale.
Houston has about 5M SF of office sublease space available, which researchers say is a sign of health for the overall market.
Tenants gave the market back more than half a million square feet in the second quarter, as vacancy rose to 22.4%.
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