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Jun 27, 2024 · Office real estate rental growth in the U.S. 2022, with a forecast until 2027. Office rent per square foot in the largest office markets in the U.S. 2023. Absorption of office space...
- Office Real Estate in Canada
Recent Statistics Popular Statistics. Global sales of the...
- Office Real Estate in Canada
Apr 5, 2022 · Following close to two years of pandemic-driven correction, signs of stabilization are emerging. In this report, we examine the national context and outlook before assessing current economic and real estate trends in 50 leading U.S. office markets along with their outlook for 2022.
The U.S. office market cooled in Q3 2022. Vacancy ticked up, while sublease space hit a new record high. Is a market correction on the horizon? It will likely take another 18 to 24 months for economic and business concerns to play out.
U.S. office market activity strengthened in the second half of 2021, and the momentum likely will continue in 2022. Although the outlook depends on how new COVID variants impact society, effective medical advancements will make occupiers more comfortable with making long-term leasing decisions.
- Absorption Will Continue to Slow Into 2023 Amid Economic Uncertainty
- Economic Factors
- Key Inputs and Disclaimers
The national office market absorbed 6.6 million square feet during the second and third quarters of 2022, but the vacancy rate continued its climb to 17.1%, the highest level since the third quarter of 1993.1The completion of new office space outpaced absorption. A deeper look into the numbers reveals an appetite specifically for high-quality offic...
Inflation continues to be a key topic of debate. Although off its 40-year high of 9.1% in June, year-over-year inflation in October was still 7.7%,2 far exceeding the long-run target of roughly 2%.3The greatest contributors to the Consumer Price Index (CPI) in October were shelter, gasoline and food. Declining costs for natural gas, used cars and t...
In January 2016, the NAIOP Research Foundation published “Forecasting Office Space Demand,” a model that forecasts net absorption of U.S. office space on a quarterly basis for eight consecutive quarters. Created by researchers Hany Guirguis, Ph.D., of Manhattan College, and Joshua Harris, Ph.D., CRE, CAIA, the model is similar to that used for the ...
Feb 11, 2022 · The start of 2022 saw more than 142 million square feet of office space under construction, equaling approximately 1.7% of existing inventory. The majority of the space currently being built is Class A, boasting state-of-the-art amenities and facilities built to accommodate employees post- pandemic.
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Feb 24, 2022 · According to the latest forecasts, more than 50 million square feet of new office space will be released into the US market during this year.
