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. […]
Maximizing Returns in U.S. Office Real Estate: Insights from the 2023 CoStar National Report
In the ever-evolving world of real estate private equity, staying abreast of the latest market trends and data is crucial for large institutional investors, especially those looking to optimize their portfolios in the secondary market. The Office National Report United States, released in August 2023 by CoStar Group, provides invaluable insights into the current state […]
Coworking Office Building Sells for $1,000 per square foot
In Washington D.C., a fully-leased office building sold for over $1,000 per SF. Even for the nation’s capital, this is a sizable sum. And one of the biggest surprises is that the building is leased to WeWork, a company which creates coworking spaces and virtual offices. This is a price threshold that few D.C. buildings […]