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This is a market report published by CBRE in December 2025 covering the office sector in San Francisco, California. The report provides a snapshot of conditions and metrics for the San Francisco office market as of the fourth quarter of 2025.

This is a market report published by Northmarq on December 31, 2025, covering the multifamily sector in Phoenix, Arizona. The report addresses sales velocity and multifamily absorption trends in the Phoenix market.

This is a market report published by Northmarq on December 31, 2025, covering multifamily transaction activity in the Midwest with a focus on Chicago. The report addresses the multifamily residential sector across Chicago, Illinois, and national markets.

South Florida's office market posted an 8.6% vacancy rate in Q4 2025 with asking rents rising year-over-year from $37.37 to $39.81 per square foot NNN, while industrial vacancies increased to 5.7%, retail remained stable at 3.3% vacancy, and multifamily vacancies edged up to 6.7%. Lee & Associates attributed office resilience to wealth management firm activity and upcoming hedge fund investment events, while noting industrial market recalibration with negative net absorption and retail strength driven by grocery-anchored assets and Publix expansion.

This is a data and figures report published by Northmarq on December 31, 2025, covering multifamily vacancy trends in Houston and national markets, documenting the first quarterly decline in vacancy rates in over two years.

This Q3 2025 report from Avison Young analyzes U.S. multifamily market conditions, finding that average monthly mortgage payments exceed average multifamily rents by $825, creating strong rental demand that is keeping pace with new deliveries at the lowest supply-demand gap since 2021. The report documents a 47.4% decline in new construction starts between 2024 and 2025 year-to-date, resulting in rent growth of 0.9% through Q3 2025—the highest rate since 2022—with major coastal markets experiencing above-average rent increases while high-supply Sunbelt markets face downward pressure, and year-to-date multifamily sales volumes reaching their highest levels since 2022 with 60% of available investment capital targeting multifamily assets.

South Florida's industrial market experienced vacancy rate increases from 6.6% to 7.7% year-over-year in Q3 2025, while average asking rents rose modestly from $17.09 to $17.35 per square foot NNN. The retail sector remained resilient with a 3.4% vacancy rate and asking rents of $36.36 per square foot, office vacancies held steady at 8.3% with rents climbing to $39.19 per square foot, and multifamily maintained a 6.5% vacancy rate with asking rents increasing to $2,264 per month.

This is a market report published by Northmarq in September 2025 covering the multifamily sector in Houston, Texas, addressing changes in the construction pipeline.

This is a market report published by Northmarq in June 2025 examining the multifamily sector in Austin, Texas, with a focus on the relationship between renter demand and new unit deliveries during the first half of the year.

Major U.S. markets absorbed more than 72,000 multifamily units in Q1 2025, with absorption at 25.2% of 2024's full-year total and multifamily sales activity increasing 9.7% compared to Q1 2024. Development activity is projected to slow significantly by 2026 while effective rents have increased only 1.7% since 2023, though 66.4% of units under construction are expected to deliver in 2025, which combined with slowing future construction may place upward pressure on occupancy and rental rates.

This is a market report published by Northmarq in March 2025 covering the multifamily sector in Denver, Colorado. The report examines conditions in the Denver multifamily market in relation to supply dynamics.

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 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.

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.

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 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 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 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 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 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 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.

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.

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 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 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.

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.

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 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.

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.

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 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.

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.

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.

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.

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.

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. 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.

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.

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.

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.

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.

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.