Atlanta Office Market: Distress, Opportunities, and Investor Caution
Increased Challenges in Atlanta’s Office Market: There was a significant slowdown in new leasing activity and major employers like AT&T and Invesco consolidating office space, leading to the steepest negative absorption since early 2021. Reversal from 2022 Stabilization: The stability seen in 2022 due to tech-company move-ins has reversed, though certain areas like The Battery […]
Jacksonville Office Market: 7 Essential Insights for Investors
Impact of Recessionary Headwinds and Structural Changes: Jacksonville’s office market is feeling the effects of recessionary pressures and changes in physical occupancy, but deals continue to occur. Healthy Leasing Activity: Office leasing activity has been strong, with rent growth improving significantly over the past year, now exceeding the national average by more than three times. […]
Investment Insights: Dallas-Fort Worth Office Market Analysis
High Vacancy Rates: The Dallas-Fort Worth office market faces a 20-year high vacancy rate of 18%, having increased by 330 basis points since the end of 2019. This rate is among the highest in the country. Net Move-Outs: Tenants have vacated 1.8 million square feet more than they have absorbed, to potentially record the largest […]
Investment Trends in Denver’s Office Market: From Vacancy to Value
High Vacancy Rates and Tech Sector Impact: Denver has one of the highest office market vacancy rates in the U.S. at 15.7%, exceeding Great Recession levels. The significant presence of tech companies has made the market more vulnerable to downsizing as these firms seek cost-cutting measures amidst labor shortages. Increased Office Availabilities and Sublet Competition: […]
Understanding the Top 7 Trends in Chicago Office Investments
Increase in Available Office Space: Chicago’s office market has reached a historical high of 102 million SF of available space, a 27 million SF increase since Q1 2020, with sublet availability at a record 2.4%. Declining Lease Renewals: Many employers are letting their lease obligations expire without considering relocating, contributing to a rising vacancy rate, […]
10 Key Insights into Austin’s Office Market Challenges and Opportunities
Office Demand Decline: Office demand in Austin is waning as tenants adapt to flexible workplace arrangements, leading to smaller office requirements. Impact on High-End Properties: The tech sector’s demand changes challenge landlords of high-end properties, with many tenants returning space through the sublet market. Speculative Construction: Speculative construction continues to add uncommitted space to the […]
Houston Office Market: Unpacking 10 Crucial Insights for Investors
High Availability: The available office space in Houston stands at 76.7 million square feet, representing 21.4% of the total market—near all-time highs. Concentration of Vacancy: The Central Business District (CBD), as Houston’s largest submarket in terms of inventory, has seen a significant increase in available space, with an addition of over 2.5 million square feet […]
Resilience and Opportunity: A Deep Dive into Tampa’s Office Market
Size and Inventory: Tampa hosts the largest office market in Florida, with over 128 million square feet (SF) of office inventory. Shift in Demand: There’s a noticeable shift in how tenants utilize office space, with a trend towards occupying less space than before the pandemic, influencing the overall market dynamics. Sublease Surge: Tampa’s office market […]
Miami Office Spaces: Trends, Transactions, and Future Projections
Robust In-Migration and Pro-Business Atmosphere: Miami’s strong in-migration, skilled workforce, and business-friendly environment have positioned it as one of the few U.S. office markets experiencing increased demand post-pandemic. Exceptional Net Absorption: Despite national trends of tenants downsizing, Miami saw significant net absorption of approximately 840,000 square feet in the last 12 months, leading to some […]
The Investor’s Outlook: Orlando Office Market Trends and Opportunities
Resilience Amid Economic Headwinds: Despite economic challenges and increasing vacancy rates, Orlando’s office market has shown resilience, with a notable decline in demand over the past year. Rent Growth Performance: Orlando has outperformed the national average in rent growth since the pandemic started despite experiencing the slowest growth rate among Florida’s top six office markets. […]