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March 16, 2025
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WHAT'S NEW
Archive
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• Houston Office Market Sees Negative Absorption in Fourth Quarter 2024
1/21/25
This report provided by real estate services firm Avison Young Houston’s office market experienced a setback in the fourth quarter of 2024, with total net absorption turning to negative 664k sf, erasing the gains in the prio...
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• Early Signs of Stabilization in LA County’s Office Market as Q4 2024 Vacancy Rates Reach Trough
1/20/25
This report provided by real estate services firm NAI Capital Commercial Although challenges persist with easing vacancies and cautious landlords, the market is beginning to stabilize, with a slight increase in occupancy sho...
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• Silicon Valley Office Market Sees Strong Leasing Activity and Declining Vacancy Amid Construction Slow-Down
1/15/25
This report provided by CBRE MARKET HIGHLIGHTS • Santa Clara County’s labor force stood at 1.03 million with 990,000 employed residents at the close of Q4 2024. The unemployment rate closed the quarter at 4.2%, a 29-basis-p...
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• Sacramento Industrial Market Sees Slowdown
1/09/25
This report provided by real estate services firm Kidder Mathews Market Highlights • Average asking lease rates fell QOQ and YOY to $0.81 NNN • Direct vacancy rate climbed from 4.9% to 5.8% YOY • Sales volume in Q4 fell t...
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• San Diego’s Industrial Market Faces Mixed Signals Entering 2025
1/08/25
This report provided by real estate services firm Kidder Mathews Market Highlights • Quarterly Leasing Volume fell YOY and QOQ to 1.2 msf • Asking Rental Rates fell 3.5% YOY to $1.64/sf NNN • Cumulative Sales Volume saw a...
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• Orange County Industrial Market Continues Cooling Trend
1/02/25
This report was provided by real estate services firm Kidder Mathews Market Highlights • At the end of 2024, the direct vacancy rate is 4.4%. • The market average was $1.59/sf/mo on a NNN basis • The average sale price in Q...
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• Smaller Office Space Showing Greater Market Resilience than Larger Spaces in Phoenix
12/05/24
This report provided by real estate services firm Cushman & Wakefield MARKET OBSERVATIONS: • Over the last four years, small office product between 20k sf – 50k sf has outperformed larger product greater than 50k sf. • Th...
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• Downtown Denver’s Office Rent Growth Rivaled by Few Other North American Tech Hubs
11/27/24
This report provided by CBRE Denver ranks among the top North American tech markets for office leasing activity this year according to CBRE’s annual Tech-30 report. Tech companies account for 21.4% of the office space leas...
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• Phoenix Medical Office Vacancy Rises Slightly as Sector Sees Second Consecutive Quarter of Negative Net Absorption
11/20/24
This report was provided by real estate services firm Kidder Mathews Market Highlights • Total medical office inventory: 17.1 msf • Medical office space leased in 3Q24: 207.5k sf • 3Q24 sales volume: $115.1 mil Leasing A...
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• SoCal Economy’s Resilience Unable to Alleviate Continuing Housing Shortage
11/12/24
This year’s University of Southern California Casden Real Estate Economics Forecast predicts rent increases for the next two years throughout Southern California. The annual report, which assesses current market conditio...
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• Denver Multifamily Market Ends 3rd Quarter with a 94% Occupancy Rate
11/04/24
Here’s a quick 3rd quarter 2024 snapshot of Denver’s multifamily market, thanks to research provided by CBRE. Denver Multifamily Figures Q3 2024 • The Denver multifamily market ended Q3 2024 with an occupancy rate of 94.0%...
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• L.A. County’s Office Market Navigates Challenges as Property Sales Set New Benchmarks
10/21/24
This report provided by NAI Capital Commercial MARKET OVERVIEW The recovery of L.A. County’s office market remains hindered by weak demand, unoccupied new construction, and rising vacancy rates. However, the slower pace of...
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• RENTV's 2024 San Diego State of the Market Conference is Being Held on November 21
10/21/24
RENTV's 2024 San Diego State of the Market Conference This annual event will feature high-powered panels of top local executives and dealmakers discussing the Office, Retail, Industrial, Multifamily and Finance markets throug...
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• San Francisco Office Demand Reaches Highest Point Since the Start of the Pandemic
10/17/24
This update was provided by real estate services firm Cushman & Wakefield San Francisco’s office market was a bit of a mixed bag in Q3, according to the most recent San Francsico Office Market Report from Cushman & Wakefield...
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• Phoenix Sees First Decline in Office Vacancy Rate in Five Years
10/15/24
This report provided by real estate services firm JLL The Phoenix metro area is seeing a stabilization in the local office sector with vacancy rates decreasing, the sublease market showing positive trends and rental rates on...
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• Opportunities Emerge as Vacancy Continues Two-Year Rise in L.A. County Industrial Market
10/14/24
This report provided by real estate services firm NAI Capital Commercial MARKET OVERVIEW In Q3 2024, the industrial space vacancy rate in L.A. County rose to 5.5%, reflecting a 180-basis-point (bps) increase year-over-yea...
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• Uncertainty Throughout the Phoenix Office Market Expected to Continue Through the End of 2024
10/07/24
Thia report provided by real estate services firm Kidder Mathews Market Highlights • Availability rates continue to grow, currently at 28.2%. • Quarterly leasing activity fell 34.1% YOY to 941k sf • YTD sales volume spanne...
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• Silicon Valley Office Market Looking for Signs of Recovery
10/03/24
This report provided by real estate services firm Kidder Mathews Market Highlights • The availability rate rose YOY to 21.6%. • Asking lease rates decreased YOY to $3.94/sf FS. • Sale volume grew to YOY 872.3k sf. • Total ...
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• Interest Rate Cuts a Bright Spot in Tough Portland Office Market
9/30/24
This update provided by real estate services firm Kidder Matthews Market Highlights • Direct vacancy rates climbed to a record high of 13.6%. • Asking rental rates fell to $28.44/SF FSG. • Sales volume grew 99.5% YOY to 1.8...
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• Denver Ranks 8th Among Top North American Tech Markets
9/26/24
This report provided by real estate services firm CBRE Denver ranks #8 overall in CBRE’s 2024 Scoring Tech Talent report, moving up two spots as tech talent hiring in North America slowed despite strong growth in artificial-...
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