According to data from Moody's Analytics, as of the fourth quarter of 2023, the vacancy rate of office space in major US cities reached 19.6%, up from 18.8% in the same period last year, the highest level since 1979.The translation is provided by third-party software. The above content...
The Central Business District (CBD) in Madrid, Spain had the lowers office vacancy rate in the first quarter of 2024.
VACANCY RATES DECLINE FOR CLASS A OFFICE SPACELISA HAARLANDER
High vacancy rates of office buildings have been a persistent problem in large and mid-sized cities. According to the data from Cushman & Wakefield, among the four major Tier 1 cities, Shenzhen had the highest vacancy rate in office buildings, which was 24.6 %.In the third quarter, Beijing...
Retail space Residential property Rental market The most important statistics Office vacancy rates in the U.S. 2017-2023, per quarter Industrial and logistics real estate vacancy rate in the U.S. 2017-2024, per quarter Multifamily vacancy rate in the U.S. 2010-2023, per quarter ...
Supply: Vacancy rates expected to remain the same. Demand: Class A office space is projected to drive the majority of leasing with the flight to quality trend remaining strong and companies being strategic with their office location and amenities. South Tampa and medical office in particular will...
This chart shows office space vacancy rates in different regions in Q3 2019 and Q3 2023.
Vacancy rates are low and which creates competition for desirable available space. Tenants are considering subleasing their space, positioning the space below market rent and if there is a long remaining lease term, considering offering shorter lease terms for companies are looking for shorter lease...
Shift from older buildings to sustainable alternatives is supporting prime rents and driving down vacancy rates Expand EY’s decision to take in excess of 130,000sq ft of space at Two Wilton Park, in Dublin 2, represents the largest deal that completed in the thi...
functionality.1By contrast, the top quartile of office buildings are experiencing record-high rents and stable vacancy rates. We believe this growing divide will only widen as legacy leases expire and tenants look for new space that reflects evolving business culture to engage employees and meet ...