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This is a first-quarter 2026 industrial market report for the Phoenix area published by Colliers on March 31, 2026. The report covers market conditions and activity in the Phoenix industrial sector.
The Phoenix office market in first quarter 2026 experienced negative net absorption of 267,000 square feet with leasing activity increasing 10% year-over-year to 1.4 million square feet, while total vacancy decreased 70 basis points to 24.0% and average direct asking rates rose to $31.45 per square foot. Hybrid work trends are driving tenant demand toward smaller move-in-ready suites averaging 4,000-5,000 square feet and Class A properties offering hospitality-driven amenities such as conference facilities and on-site dining, with Tempe recording the strongest submarket performance at 195,000 square feet of positive net absorption.
The Puget Sound office market's regional vacancy rate rose to 23.1% in first quarter 2026, a 30 basis point increase from the prior quarter, with net absorption totaling negative 486,708 square feet as leasing activity remained slow despite signs of stabilization and improved fundamentals. Large technology firms including Microsoft and Amazon have paused office expansions and reduced surplus space, while Seattle's position as the third-ranked U.S. metro area for artificial intelligence industry growth is generating demand for smaller, furnished "plug and play" spaces, though downtown Seattle continues facing elevated vacancy and weak tenant commitment.
This is a quarterly market report on the Atlanta retail sector published by Colliers in March 2026, covering first-quarter 2026 conditions.
This is a quarterly market report on the Austin office sector published by Colliers in March 2026, covering Q1 2026 performance.
The San Francisco office market showed improving fundamentals in first quarter 2026, with leasing activity totaling 3.4 million square feet—the sixth consecutive quarter exceeding 2.0 million square feet—and net absorption of 855,000 square feet representing the strongest total since 2019, though overall vacancy remained elevated at 28 percent and asking rents increased 3.4 percent year-over-year to $48.70 per square foot. High-profile tenant expansions by AI-focused firms including OpenAI's 222,000-square-foot lease and Anthropic's combined 626,000 square feet across three properties demonstrated confidence in San Francisco as an innovation center, while demand concentrated in newer, well-located buildings with amenities reinforced a widening performance gap between high-quality and older inventory.
This is a market report published by Colliers in March 2026 covering the office sector in Houston, Texas with national context.
This is a first-quarter 2026 market report published by Colliers covering the retail sector in Houston, Texas.
The Kidder Mathews report analyzes Seattle's multifamily market in first quarter 2026, finding vacancy at 7.1%, average asking rents at $2,004 per unit, and average sales prices at $202,189 per unit, with year-over-year changes of -20 basis points in vacancy, 0.3% in rents, and -18% in sales prices. The report documents significant transactions including four property sales ranging from $15.8 million to $78 million, five major projects under construction with expected deliveries between 2Q 2026 and 3Q 2027, and five completed developments totaling 1,204 units delivered in early 2026.
Kidder Mathews' 1Q 2026 Los Angeles office market report documents a market facing persistent headwinds, with direct vacancy holding steady at 15.9%, total availability at 19.7%, and average direct asking rents at $3.53 per square foot on a full-service basis. Leasing activity remained relatively flat at 3.4 million square feet with negative net absorption of 143,000 square feet, reflecting continued tenant hesitancy around return-to-office mandates and a structural shift toward remote and hybrid work arrangements, though healthcare occupiers and new media companies showed increased demand amid elevated landlord concessions in higher-vacancy submarkets.
This is a market report published by Colliers in March 2026 covering the office sector in San Francisco, California.
The Los Angeles industrial market in first quarter 2026 recorded a direct vacancy rate of 5.9% with total leasing activity of 5.9 million square feet and negative net absorption of 2.0 million square feet, while average asking rents stood at $1.39 per square foot on a triple net lease basis with average sale prices at $325.04 per square foot and a 3.6% cap rate. Global geopolitical developments and elevated fuel costs pressured logistics users, though demand continued from aerospace, defense, and advanced manufacturing sectors, with notable transactions including Amazon leasing 500,000 square feet in Long Beach and Varda Space Industries leasing 200,000 square feet in Torrance.
This is a quarterly market report on the Denver office sector published by Colliers in Q1 2026. The report covers office market conditions in Denver, Colorado, with reference to national market context.
This is a quarterly market report published by Colliers in March 2026 covering the multifamily sector in South Florida. The report covers geographic areas including Miami and Florida as well as national context.
This is a first-quarter 2026 market report published by Colliers covering the office sector in the Greater Boston area. The report provides analysis of office market conditions as of March 31, 2026.
This is a market report published by Colliers in Q1 2026 covering the industrial sector in Atlanta, Georgia. The report includes national geography tags in addition to the Atlanta focus.
This Kidder Mathews report analyzes the Phoenix multifamily market in first quarter 2026, presenting data on vacancy rates, rental prices, construction activity, and significant transactions across the region. Key findings include a vacancy rate of 11.8% (down 10 basis points year-over-year), average asking rents of $1,535 per unit (down 3% year-over-year), construction deliveries of 2,978 square feet (down 28% year-over-year), and average sales prices of $221,942 per unit (down 12% year-over-year).
This is a market report published by Colliers on March 31, 2026 covering the office sector in the San Francisco Bay Area during the first quarter of 2026.
This is a market report published by Colliers in Q1 2026 covering the industrial sector in Central Los Angeles. The report provides analysis of the Central Los Angeles industrial market as of the first quarter of 2026.
This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in the Puget Sound region, which includes Seattle and Washington State. The report provides market analysis relevant to the multifamily residential real estate sector in this geographic area.
The Puget Sound industrial market remained soft in Q1 2026, with total regional inventory at 410 million SF across 11,333 properties, vacancy increasing to 9.3% from 8.9% year-end 2025, and average blended asking rent at $1.07 per SF. Key submarket conditions varied widely, with Pierce County delivering 1.24 million SF and experiencing positive absorption of 625,284 SF, while Seattle Close-In, Southend, and Eastside submarkets all showed negative absorption, and global supply chain pressures plus recent cargo volumes tracking 17% below prior-year levels continued to constrain the regional market.
This is a quarterly market report on the office sector in the Dallas-Fort Worth metropolitan area, published by Colliers in the first quarter of 2026. The report covers office market conditions and activity in this Texas region.
This is a market report published by Colliers in March 2026 covering the industrial sector in Chicago, Illinois, with reference to national markets.
The Kidder Mathews report covers the Los Angeles multifamily market in first quarter 2026, presenting key metrics including a vacancy rate of 5.6%, average asking rents of $2,292 per unit monthly (flat year-over-year), average sales prices of $282,900 per unit (down 8% from 1Q25), and an average cap rate of 5.7%. The report details significant transactions, under-construction projects totaling 26,044 square feet, completed deliveries, and market trends showing construction deliveries down 23% year-over-year and net absorption down 83% compared to the prior year quarter.
This is a multifamily market report for the Greater Phoenix area published by Colliers in the first quarter of 2026. The report covers residential apartment market conditions and metrics in the Phoenix, Arizona region.
This is a market report published by Colliers in the first quarter of 2026 covering the industrial sector in the Greater Los Angeles area. The report is classified as regional industrial real estate research.
The U.S. multifamily market absorbed 355,000 net apartment units in 2025, the third-strongest year in 25 years, while 400,000 new units were delivered—a 26% decline from 2024—pushing vacancy to a record high of 9.3% and causing national asking rent growth to slow to just 1.1% year-over-year, the weakest annual gain since the pandemic. The construction pipeline has contracted materially to about 50% below its cycle peak, signaling stabilizing fundamentals and pointing to a gradual recovery in rents and occupancies over the coming years as supply continues to shrink.
Cushman & Wakefield's Q4 2025 U.S. office market report shows that net absorption turned positive in the second half of 2025 with +2.5 million square feet recorded in the final six months, with positive absorption occurring in 50 U.S. markets for the full year. Overall vacancy finished at 20.5% (up 30 basis points year-over-year, the smallest annual increase in five-and-a-half years), Class A buildings drove demand momentum with +9.2 million square feet of absorption for the year, and the construction pipeline dropped to just 19.1 million square feet under construction—the lowest level in the 21st century.
This is a market report published by Colliers on December 31, 2025, covering the multifamily sector in Austin, Texas. The report presents data and analysis for the fourth quarter of 2025.
The U.S. industrial real estate market achieved 176.8 million square feet of annual net absorption in 2025, a 16.3% year-over-year improvement driven by strong demand from large users seeking modern automation-capable facilities, with inland markets led by Dallas/Fort Worth capturing significantly more demand than historically dominant port-proximate markets. Nationwide vacancy remained stable at 7.1% for three consecutive quarters, asking rent growth slowed to 1.5% year-over-year in Q4 (the lowest since Q1 2020), and industrial completions fell 35% to 280 million square feet—an eight-year low—as build-to-suit projects increased to 29% of deliveries while speculative supply moderated.
This is a multifamily market report for the Greater Phoenix area published by Colliers as of the fourth quarter of 2025. The report covers the residential rental sector in the Phoenix, Arizona market.
U.S. retail market fundamentals strengthened in Q4 2025 with net absorption reaching 3.4 million square feet—the strongest quarterly performance since Q4 2023—driven by discount retailers, grocery chains, and sporting goods stores backfilling vacant spaces, while the national vacancy rate finished at 5.7%, up 40 basis points from Q4 2024. Holiday sales grew 3.9%-4.2% year-over-year with 73% of purchases in physical stores, though new supply remained historically constrained at 10.2 million square feet for the full year, the lowest on record and 63% below the 2015-2019 average, while the under-construction pipeline of 12.7 million square feet represents the strongest level in five years with neighborhood centers driving 67% of activity.
This is a multifamily market report published by Colliers in December 2025 covering the Houston market in the fourth quarter of 2025.
This is a market report published by Colliers on December 31, 2025, covering the multifamily sector in the Dallas-Fort Worth area. The report presents fourth-quarter 2025 data and analysis for the residential rental market in this Texas metropolitan region.
This is a market report published by Northmarq on December 31, 2025, covering multifamily sales activity in the Dallas-Fort Worth metropolitan area as the year closed. The report addresses the multifamily sector with geographic focus on Dallas-Fort Worth, Texas, and national context.
The October 2025 National Multifamily Market Report by Yardi Matrix documents declining advertised rents across the U.S. multifamily sector, with average asking rent falling $4 to $1,743 and year-over-year growth remaining flat at 0.5%, while multifamily absorption slowed to 110,000 units in Q3 compared to a 185,000-unit average in the first two quarters. Gateway and Midwestern markets showed strength with New York leading at 4.7% year-over-year rent growth, while Sun Belt and Western metros experienced declines, with Austin dropping 4.8%, and occupancy remained stable at 94.7% in September.
This is a market report published by Northmarq in September 2025 covering the multifamily sector in Dallas, examining the construction pipeline and its recent contraction to levels near a 10-year low.
The September 2025 National Multifamily Market Report from Yardi Matrix documents declining rental conditions across the U.S. multifamily sector, with average advertised asking rents falling $6 to $1,750 and 67 of the top 30 markets experiencing month-over-month rental decline. The report highlights year-over-year rent growth of only 0.6%, occupancy rates holding steady at 94.7%, weakness in supply-constrained Sun Belt markets like Denver and Austin, and projected declines in household formation that may moderate multifamily demand growth over the next decade.
This is a market report published by Colliers in September 2025 covering the multifamily sector in the Greater Phoenix area.
U.S. retail net absorption turned marginally positive at 323,000 square feet in Q3 2025, though year-to-date absorption registered -13.1 million square feet, putting 2025 on track for the first negative-demand year since 2020. The national vacancy rate held steady at 5.8% from Q2 to Q3 despite rising 50 basis points year-over-year, while asking rents averaged $25.01 per square foot with growth slowing to 1.7% annually as consumer demand softens amid tariff impacts, muted job growth, and increased reliance on wealthy household spending.
Demand for high-quality office space is strengthening, with Class A net absorption turning positive at +3.0 million square feet on a four-quarter rolling basis in Q3 2025 for the first time in over three years, while office construction deliveries have declined sharply to 13.4 million square feet year-to-date—50% below the prior year and the lowest first three quarters since 2012. Overall U.S. office market net absorption was -4.3 million square feet in Q3 2025, though 46 of 92 tracked markets posted positive absorption, sublease availability declined 14.5% from its Q1 2024 peak, and the under-construction pipeline fell to 22.5 million square feet, representing just 0.4% of total office inventory and the lowest total in the 21st century.
U.S. industrial net absorption reached 45.1 million square feet in Q3 2025, up 30% quarter-over-quarter and 33% year-over-year, while national asking rents averaged $10.10 per square foot with year-over-year growth of 1.7%, and the national vacancy rate remained flat at 7.1% as new construction deliveries hit an eight-year low of 63.6 million square feet. Buildings constructed since 2020 have registered 196 million square feet of net growth year-to-date as occupiers continue a flight-to-quality trend consolidating operations into newer, high-utilization regional hubs.
In the third quarter of 2025, U.S. apartment net absorption reached 102,600 units—on track for the third strongest year since 2000—while asking rent growth slowed to 1.5% year-over-year as owners prioritized occupancy over rent increases amid economic uncertainty. The construction pipeline contracted significantly, with quarterly deliveries falling 27% year-over-year to 109,000 units, and units under construction declining to 454,371—the lowest level in a decade—signaling a meaningful slowdown in new supply with quarterly deliveries expected to remain under 100,000 going forward.
The August 2025 National Multifamily Market Report from Yardi Matrix documents U.S. rental market trends showing average advertised asking rents declining $1 to $1,755 monthly but rising 0.7% year-over-year, with regional variation where Midwest and Northeast markets led growth while Sun Belt metros experienced rent declines. The report highlights that single-family build-to-rent homes reached a new record average rent of $2,208 in August, national occupancy remained stable at 94.7%, and over 400 pro-housing bills were introduced by legislators to address housing supply expansion.
The first quarter of 2025 saw U.S. retail commercial real estate experience negative net absorption of 5.9 million square feet, the weakest quarter since the pandemic onset, with the national vacancy rate rising 20 basis points to 5.5% as tariff-driven cost pressures and consumer uncertainty dampened leasing demand. Asking rents for shopping center space averaged $24.76 per square foot, representing a 2.3% year-over-year increase but a significant slowdown from early 2024 growth rates above 4.0%, with the market expected to see vacancy rates rise to 6.0-6.5% by early 2026 absent recession conditions.
In Q1 2025, the U.S. multifamily sector absorbed 101,951 units with 2.0% year-over-year rent growth and a 9.0% national vacancy rate, as demand outpaced the 94,766 units delivered—the first time supply constraints have tightened since 2021. The construction pipeline contracted to 545,357 units under construction (34% lower than a year prior, returning to 2018 levels), with the South region accounting for 53% of net absorption led by Dallas/Fort Worth and Phoenix, while rent growth remained concentrated in the Northeast and Midwest markets despite widespread use of concessions suppressing effective rent gains.
Cushman & Wakefield's Q1 2025 U.S. office market report shows that while net absorption was negative at -10.5 million square feet in the quarter, the four-quarter rolling absorption total reached -35 million square feet, representing a 30% improvement quarter-over-quarter and 48% improvement year-over-year, with positive absorption recorded in one-third of U.S. markets. The report emphasizes that office vacancy remains unequally distributed at 20.8% nationally, with over half of office buildings maintaining single-digit vacancy rates, while Class A properties showed stronger absorption improvements of 36% quarterly and 55% annually, and supply pressures continued easing as sublease inventory declined 9.5% year-over-year and the construction pipeline contracted to 26.2 million square feet, its lowest quarterly delivery total in over 12 years.
The U.S. industrial market absorbed 135 million square feet of space in 2024, with fourth-quarter net absorption of 36.8 million square feet up 10.5% quarter-over-quarter, while construction deliveries decelerated to 85.3 million square feet in Q4—the softest quarter since mid-2021—with 78% of annual completions being speculative. Overall vacancy rose to 6.7% in the fourth quarter, increasing by 20 basis points and marking the slowest quarterly gain since late 2022, suggesting the market may approach peak vacancy in the first half of 2025.
This is a quarterly market report published by Colliers on December 31, 2024, covering the multifamily sector in Austin, Texas. The report provides market analysis and data for the fourth quarter of 2024.
The Cushman & Wakefield U.S. Multifamily MarketBeat Q4 2024 report analyzes apartment market fundamentals across 90 tracked markets, finding that 2024 delivered record absorption of over 436,000 units—72% above 2023 and 56% above the 2017-2019 average—yet vacancy rates still climbed to 8.9% nationally due to delivery of more than 530,000 new units. Construction activity has declined 40% from peak levels with only 230,000 new starts in 2024 (the lowest since 2012), positioning the market for tighter supply conditions over the next three to four years as most apartments scheduled for 2028 delivery have already broken ground.
This is a quarterly office market report containing figures and data for the U.S., published by CBRE in March 2026 covering the first quarter of 2026.
This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in the Greater Boston area.
The U.S. retail market experienced negative net absorption of 4.4 million square feet in Q1 2026, with vacancy rates holding steady at 4.4% despite historic lows in new supply and national rent growth slowing to 2.0%. Restaurants, discount retailers, and grocery operators led tenant expansion while apparel and electronics contracted, with institutional investors driving Q1 2026 transaction volume above $15 billion, the strongest first quarter since 2023.
This is a multifamily housing market report for Greater Los Angeles published by Colliers in the first quarter of 2026. The report covers residential apartment and rental property market conditions in the Los Angeles area.
This is a first-quarter 2026 data report published by CBRE covering multifamily market figures for the Inland Empire region, with geographic focus on the Los Angeles and California areas.
This is a Q1 2026 multifamily data report published by CBRE covering the Philadelphia metropolitan area. The report presents figures on the multifamily sector for the first quarter of 2026.
This is a market report published by JLL in March 2026 covering office sector dynamics in the Washington DC market for the first quarter of 2026. The report includes national geography classification alongside its focus on the Washington DC region.
This is a market report published by JLL in March 2026 covering office sector dynamics in Denver for the first quarter of 2026. The report addresses the Denver office market with reference to broader national context.
This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in Austin, Texas.
This is a market report published by JLL on March 31, 2026, covering office sector dynamics in the Dallas-Fort Worth area during the first quarter of 2026.