Commercial Real Estate Reports
Monthly reports tracking key trends across the country’s top office and industrial real estate markets: Keeping an eye on lease rates, vacancy, sale transactions, and development pipelines, as well as offering insights into the possible effects of significant recent news and industry trends on market evolution in the near future.
Office Pipeline 2023: Tight Race Between Manhattan & Boston for Top Spot
Manhattan & Boston lead the list of office projects under construction
Austin, Charlotte & Nashville on course for largest projected market expansions
Largest office development in the pipeline is Brookfield’s 2 million-square-foot Midtown tower
Arlington and Chicago offices highest ranking under construction projects outside of NYC
Construction of nearly 1 million square feet of Amazon-leased office space on hold in Bellevue
Fastest-Shrinking Jobs in the U.S. Lose Ground to New Technology
Beyond the pandemic, digital technology integration has had a more notable contribution to the decline in some of these occupations across the decade we surveyed.
Healthcare & Green Jobs Head List of Fastest-Growing Careers in U.S.
The U.S. labor market was already undergoing an important expansion of its health sector in an effort to provide care for one of the largest cohorts of retirees. Accordingly, by 2021, the number of Americans working in healthcare-related jobs was roughly 20 million. Meanwhile, the green energy sector — which had been steadily growing throughout the course of the last decade — is now receiving more attention as an important source of new jobs for both blue- and white-collar workers.
ULI Report on Emerging Trends in Real Estate 2023
One of the first aspects that caught the attention of industry professionals was the decline of older office stock – buildings labeled as Class B or Class C assets, in accordance with the quality and diversity of their amenities – in favor of newer developments. In fact, a study by JLL highlighted that, between 2020 and the second quarter of 2022, properties completed in 2015 or later had a net absorption of 86.8 million square feet, whereas buildings older than that had negative net absorption of 246.5 million square feet. Notably, most negative net absorption (195.5 million square feet) was in buildings completed in the 1980s and earlier.
Q3 2022 CommercialEdge Office Report: Demand for Coworking Continues to Drive Growth
CommercialEdge released its national office report for October, shining a spotlight once again on the reemergence of coworking spaces as a magnet for tenants, developers and investors alike. As a recent survey conducted by BOMA confirmed, office-using businesses are signaling their preference for shorter lease terms and more flexible workspace arrangements, which will allow them to quickly adjust their footprints according to their needs.
BOMA Releases New COVID-19 Tenant Impact Survey
The highlights presented in the final study relied on a series of fielded responses from more than 1,267 office decision-makers, including company owners, CEOs and other members of the C-Suite. The goal of the survey was to better understand the future financial and operational implications for commercial real estate owners and operators.
Flexible Workforce Demand Drives Growth of Coworking Sector
Working from home and working near home since the 2020 lockdown have sustained and even lifted the coworking scene nationwide, pegged to be the first commercial real estate sector to fall victim to pandemic physical distancing.
Top 20 Best Cities for Gen Z: Atlanta, Minneapolis & Boston Steal the Spotlight
Generation Z wants stability, a good education and quality experiences. We set out to rank the best cities for Generation Z based on a variety of factors pertaining to the cohort, including their economic factors, walkability and public transport availability, internet speed and more.
Best Places for Millennials to Live in 2022 – Top 10 U.S. Metro Areas
In revisiting our previous ranking of the most attractive metro areas for Millennials, we followed each entry’s performance across these seven indicators: Millennial population growth between 2016-2020; proportion of millennials in the overall population in 2020; regional price parity; median earnings; unemployment rate; percentage of millennials with employer-based health insurance; percentage of millennials in the labor force, with a bachelor’s degree.
2022 Office Survey: How Increased Renter Interest is Reshaping the Post-Pandemic Workspace
Asked about the motivation behind their current office search, respondents’ options were relatively evenly spread between the available answers, although the need for a smaller workspace that could accommodate hotdesking or a hybrid system ended up with a slight edge. Nearly a quarter said their search had been prompted by a need to downsize their office footprint. Various real estate professionals we’ve asked for insights into the office market also highlighted renters’ shift towards smaller workspaces throughout the last couple of years.
