Tag: office market

Flexible Office Space

Technology Transition Solutions

Adaptability bolsters the longevity of any organization. Yardi commercial market experts have observed that many urban and suburban office owners are transitioning to more flexible site models. The smoothest transitions occur when they are supported by integrated technology. Brian Sutherland, vice president of commercial sales at Yardi notes, “We will continue to see a lot […]

News

Office Outlook

Uncertainty remains

Office markets across the country faced a harsh year in 2020, and the outlook is still unclear, at least for the near-term. Vacancy rates ticked up 40 basis points to 14.2% and full-service-equivalent listing rates fell 1% nationally to $37.76 in the last 12 months, according to the January CommercialEdge National Office Report. Meanwhile, employment […]

News

Office Update

From CommercialEdge

With office listing rates falling, vacancies increasing and new development slowing, the impact of the COVID-19 pandemic on the U.S. office market is showing clearly after several months’ delay. The latest data, collected in the National Office Report from CommercialEdge powered by Yardi, shows that the national average full-service equivalent listing rate fell 25 cents […]

Matrix

Commercial Outlook

Part I: Office

Last week, Yardi Matrix hosted three webinars that provided insight on how the COVID-19 pandemic is impacting the self storage, multifamily and commercial real estate markets. Let’s look at the insight on the commercial market, which is extensive. This post will cover the office market – a follow-up on industrial and retail can be found […]

News

Office Market Update

From Yardi Matrix

Here are some key findings in the most recent U.S. office property report from Yardi® Matrix. All figures are as of October 2019 unless otherwise noted. Demand for office space remains strong, with office-using sectors adding 545,000 jobs over the past 12 months. One of every three jobs added in the 12 months ending in […]

News

Office Party

Yardi Matrix Industry Update

The U.S. office market is holding steady amid faltering economic indicators and the prospect of a recession in two years. The industry’s status was the subject of a recent webinar presented by Jeff Adler, vice president of Yardi Matrix, and Jack Kern, director of research and publications. They pointed to favorable U.S. economic conditions that […]

News

Urban Office Supply

Matrix Industry Update

A new report from Yardi® Matrix illustrates that new office property supply in the U.S. is becoming increasingly urbanized, an occurrence that’s at odds with historical trends. Suburban properties constituted at least half of new deliveries every year for the decade preceding. Today, “only 31.3% of square footage under construction is in suburban submarkets,” the […]