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Hot off the presses! The Q1 2024 Central Arkansas Market Report has arrived! Office vacancies are on the rise, investors on the hunt for industrial space, WLR leads with retail renewal rates and more! https://hubs.li/Q02yTTRP0 #ColliersAR #LoveLR #MarketReport #CommercialRealEstate

TOLEDO OFFICE MARKET: Vacancy/Net Absorption from RKG's 2023 Midyear Office Overview #TheRKway #MarketKnowledge PREVIEW: - Vacancy is up as the market loses 169,000 SF of occupancy - Two noteworthy exceptions were Class A segments in South/Southwest and West Toledo submarkets Click to Learn More: https://lnkd.in/eME_7miG

Sub 20,000 sq ft office buildings have seen a significant relative improvement in their performance in the past 10 years, vacancy currently at 5% vs 20k sq ft+ buildings at 9% vacancy. 10 years ago both sat at 9%. Interesting take on the UK office market from Mark Stansfield, our Senior Director of Market Analytics. If you go lower still, and lower in quality, you get the lowest vacancy rates - Grade B and below, sub 10,000 sq ft UK office buildings currently have 4.4% vacancy. That's a group of 84,000 properties ! Grade A vacancy in that size range is 8.9%. If anyone has read this far I'd love to know your thoughts as to what that tells us about the office market.

L.A. is facing high vacancy rates for office buildings across town. Here’s insight into how the high-end/luxury segment of the market is outperforming.

Happy Thursday! With the year coming to a close, I thought I'd give a brief state of the office market update for Charleston. Contrary to the narrative around the country, the office market is not only alive but thriving here. As many Charleston residents experience first-hand, the population growth in Charleston seems to be never-ending. This, coupled with a major influx of new developments over the past 36 months, has led to a rapid rise in tenant activity and growth. As companies push for employees to return to the office, they must offer a space that is a destination. This means quality, well-located buildings with easy access to amenities and parking (93% of Charleston commuters drive ALONE to work!). The number of buildings in this market that match these criteria is shockingly low and vacancies within each continue to drop as proactive companies snatch up space. This dropping vacancy, coupled with a complete lack of new projects in the pipeline (due to construction, land and borrowing costs), means businesses that delay will be left on the outside looking in. So, the question for these companies becomes, what’re you waiting for?   If you’d like to hear more about the market, please reach out to me at [email protected] or message me here on LinkedIn

The South Office Area (SOA) vacancy rate increased from 14.5% in 2022 to 19.1% in 2023. Seven buildings had decreased vacancy, while fourteen increased in vacancy. Eleven of those increases were 10,000 square feet or more. Brokers reported ongoing weak demand for the larger blocks of SOA office space. We speculate that some of the new vacancies are due to expiring leases for businesses who have adjusted their office space use. Visit our website to download the full 2023 Year-End Vacancy report.

Office vacancy rate hits highest level in 30 years, according to new report. #commercial #industrial #investment #growth #canadianrealestate #royallepagecommercial #royallepagecanada #vancouver #ontario #ameenawlagroup #commercialdevelopment #commercialbrokers #forsale #retailrealestate #seniorliving #rentalapartments #apartmentliving #propertiesforsale #bestblock #opportunity #developmentopportunity #commercialbroker

What a contrast between the U.S. #office market and #industrial market. National office vacancy in the #colliers report for 2Q23 was 16.4%, compared to 4.5% for industrial. And here in #norfolk #portofvirginia, the industrial vacancy is 1.7%!

Q2 2024 📈 NATIONAL OFFICE MARKETBEAT While there was a reprieve from rising vacancy this quarter, it is anticipated that vacancy will continue to fluctuate through the remainder of the year and likely into the first half of 2025; a result of occupiers continuing to work through hybrid/remote/return to office strategies and therefore their subsequent requirement for space, and as the last of the larger under construction buildings are delivered to the market. Absorption totals will moderate for the remainder of 2024 as the office construction pipeline continues to slow and the office markets across the country continue to work towards sustained recovery. Next year however the overall market may once again witness substantial “one-off” quarterly upticks in absorption as most of the larger projects currently under construction are delivered. For more information, please click the link below. Canada Office Marketbeats | Canada | Cushman & Wakefield (cushmanwakefield.com)