3,531 results·showing 2,281–2,340
Turn this filter into a cited data report.

Greater Philadelphia's industrial market weakened further in 2025 as new supply outpaced absorption, pushing vacancy to 8.7%, the highest level in two years. Despite softer fundamentals, leasing activity reached 22.0 million square feet for the year, a two-year high, with Class A properties capturing 40.9% of volume despite representing only one-third of inventory. Development slowed significantly to a five-year low of 4.9 million square feet under construction, while asking rents rose 6.2% annually to $11.90 per square foot.

The Cushman & Wakefield Boston Office Q1 2026 MarketBeat report analyzes the Greater Boston office market, finding vacancy rose 40 basis points quarter-over-quarter to 18.5% while net absorption declined 735,100 square feet year-to-date, with overall asking rent decreasing 2.3% to $47.74 per square foot. Downtown Boston submarkets led demand with 1.0 million square feet of new leasing (64.3% of total market volume), driven largely by JP Morgan's 251,000-square-foot commitment at South Station Tower, while Class A assets commanded 76.6% of downtown deal volume as tenants demonstrated a "flight to quality" away from functionally obsolete Class B inventory.

Miami's office market recorded 918,000 square feet of total leased space in Q1 2026, with tech occupiers accounting for 37% of leasing activity and FIRE tenants representing 20%, while the market achieved $523.3 million in sales volume—the highest first-quarter total in over a decade—driven by major transactions including Goldman Properties and Citadel's acquisition of 545 Wyn and Mana Group's purchase of One Downtown. Miami's office utilization stood at 75.1% in February 2026 compared to February 2019, outperforming primary national markets, with overall market vacancy at 13.7% and positive net absorption of 96,265 square feet for the quarter.

Cushman & Wakefield's Q1 2026 Atlanta industrial market report finds that vacancy declined 40 basis points to 7.6% in the first quarter—the second consecutive quarter of improvement—while new leasing activity reached 7.9 million square feet, a 15% year-over-year increase, with direct asking rents reaching a new high of $7.43 per square foot. Manufacturing and retailer/wholesaler tenants led demand, owner-user purchases totaled over 3.0 million square feet (the second-highest quarterly total on record), and the under-construction pipeline remained at 8.2 million square feet with 20.2% already secured by occupiers.

Newmark's Denver Office Market Overview for first quarter 2026 documents negative net absorption of 249,270 square feet and a vacancy rate of 31.1 percent, though this represents improvement from prior-year declines, while leasing activity surged 43.5 percent sequentially to 2.1 million square feet as median asking rents held relatively stable at $32.15 per square foot. Office-using employment sectors contracted year-over-year amid an unemployment rate of 4.2 percent, though the University of Colorado projects economic headwinds will ease in 2026 to improve hiring and employment growth.

Austin's multifamily market in Q1 2026 experienced negative rent growth of 4.7% with asking rents averaging $1,500 per unit and a 13.5% vacancy rate, reflecting oversupply from 14,600 units under construction. Despite soft fundamentals, the market absorbed 3,800 units during the quarter, exceeding the 2,000 units delivered, though a large construction pipeline is expected to sustain competitive pressure and limit near-term rent recovery.

Greater Boston's office market posted negative net absorption of nearly 140,000 square feet in the first quarter of 2026, pushing the vacancy rate to a historic high of 23.2 percent. Class A assets posted positive absorption for the second consecutive quarter, while Class B properties logged their eleventh consecutive quarter of negative absorption. Development has slowed sharply, with new office construction falling to a 15-year low, and only one project remaining underway in the region.

Austin's retail market experienced slowed activity in Q1 2026, with net absorption declining 92.3% to 26,230 square feet while vacancy rose 20 basis points to 3.6%, and leasing activity decreased 9.2% to 502,376 square feet. The construction pipeline grew 5.2% quarterly to 2.8 million square feet with deliveries down 60.7%, average asking rental rates marginally declined 0.3% to $26.40 per square foot, and investment sales volume totaled $144 million over the past 12 months at an average price of $288 per square foot.

Greater Boston's industrial market experienced its third consecutive quarter of negative net absorption, though leasing activity surged 68.9% year-over-year in the first quarter of 2026. Vacancy rose to 10.8% as new construction remained active, but the construction pipeline has fallen to a four-year low, suggesting near-term supply moderation. Asking rents returned to positive annual growth of 1.7%, driven by advanced manufacturing buildings and a flight-to-quality trend among tenants seeking modern industrial space.

Boston's industrial market recorded an 11.6% vacancy rate in Q1 2026, up 60 basis points from the prior quarter and 130 basis points year-over-year, with the North and South submarkets experiencing the largest increases while three warehouse/distribution projects totaling 972,000 square feet delivered in the quarter. New leasing activity surged to over 2.0 million square feet—the highest quarterly volume since Q3 2022—and direct average asking rents increased $0.86 per square foot to $15.42 psf, marking a three-year high largely driven by the North market commanding $19.62 psf.

Miami's industrial market reached record average sale prices of $257 per square foot in Q1 2026, marking the ninth consecutive quarter of appreciation, while asking rents averaged $17.26 psf NNN despite a 1.7% quarterly decline. Vacancy rose to 7.2% as new supply was delivered and leasing cycles lengthened to 6.1 months, the longest in two years, though overall leasing activity of 3.1 million square feet remained within the market's normalized demand range with transaction volume at $208 million.

Miami-Dade County's retail market in Q1 2026 showed vacancy rising 50 basis points year-over-year to 3.2%, below the national average of 4.4%, with average asking rent reaching $48.98 per square foot, up 1.1% annually. Leasing momentum improved with deal volume rising 26.9% year-over-year to over 708,000 square feet, though net occupancy losses totaled 394,000 square feet, while retail investment sales declined 15.8% to approximately $212 million, with capitalization rates averaging 5.8% unchanged from the prior year.

Miami's industrial market in Q1 2026 experienced a 59.3% decline in construction completions to 367,000 square feet compared to the prior year, while vacancy rose to 6.5% amid net occupancy losses of 11,000 square feet and a 6.5% year-over-year decrease in weighted average asking rents to $15.75 per square foot. Leasing activity totaled approximately 1.1 million square feet, representing a 46.2% YOY decline in deal volume, with Airport West recording the highest absorption and over 3.4 million square feet of leased space expected to occupy by year-end 2026.

Miami's office market in Q1 2026 recorded a 15.1% overall vacancy rate with asking rents at $65.22 per square foot, driven by modest leasing activity of 288,000 square feet (down 54.3% year-over-year) and ongoing flight-to-quality demand favoring Class A space, while the market maintains a 490,000-square-foot construction pipeline that is only 20% preleased. Class A rents reached $71.59 per square foot (up 4.8% year-over-year) and Class B rents rose to $54.40 per square foot (up 3.9% year-over-year), with Coral Gables leading submarket rent growth at 13.9% annually to $62.17 per square foot.

The Phoenix office market recorded negative direct net absorption of 267,340 square feet in the first quarter of 2026, with total leasing activity of 1.4 million square feet and a decline in vacancy rates to 24.0 percent year-over-year, while average direct asking rents rose 2 percent to $31.45 per square foot. The market continues to experience tenant downsizing driven by hybrid work trends, with demand shifting toward move-in-ready spec suites and Class A buildings offering enhanced amenities such as collaborative spaces and on-site services.

Miami's multifamily market delivered 1,956 units in Q1 2026, up 53.5% year-over-year, with a construction pipeline of nearly 13,800 units concentrated in Downtown Miami at 30.7% of development activity, though stabilized occupancy declined 80 basis points to 94.2% as vacancy rose above 9.0% from cumulative supply growth of 41.1% since 2020. Effective rent totaled $2,641 per unit in Q1 2026, down 1.0% year-over-year, while net absorption of 2,195 units marked the highest quarterly figure since Q3 2021, with investment momentum carrying into early 2026 at over $73 million in transactions and a price per unit of nearly $398,000.

Austin's industrial market vacancy rate increased to 15.7% in Q1 2026 from 14.8% in the prior quarter, exceeding the historic high of 15.3% from Q3 2003, driven by 1.9 million square feet of deliveries with 82% vacant and net absorption declining 75.2% quarterly to 122,998 square feet. Average asking rental rates rose slightly to $14.43 per square foot, the construction pipeline increased 5.2% to 13.2 million square feet, and leasing activity increased 8.2% quarter-over-quarter despite year-over-year declines of 16.5%.

Denver's Q1 2026 industrial market experienced an 88% year-over-year surge in sales volume to $348.0M, with pricing rising 3.2% despite vacancy increasing from 8.1% to 9.1% and asking rents declining 2% to $11.41 per square foot. Construction starts rose to 774,867 square feet while space under construction declined to 1.57 million square feet, leasing months increased to 6.6 from 5.3 months, and time on market extended to 7.2 months, reflecting a market transition toward tenant-favorable conditions and more disciplined development activity.

During Q1 2026, multifamily net absorption in Phoenix reached 6,261 units, representing the strongest quarterly performance in at least the last 26 years. The total overall vacancy in the metro Phoenix retail market was 5.0% during the first quarter of 2026.

Atlanta Metro recorded 2.6 million square feet of leasing activity in Q1 2026, up 3.3% year-over-year, with the overall vacancy rate declining 50 basis points to 26.5% as demand strengthened amid employer shifts toward in-office work requirements and early lease commitments. Asking rents increased 4.6% year-over-year to $33.09 per square foot, the second consecutive quarter of at least 4% annual growth, while Central Perimeter led leasing volume with a 70.6% increase and net absorption reached 487,222 square feet, the largest quarterly total since Q3 2022.

The Phoenix industrial market in Q1 2026 experienced declining vacancy rates to 12.4% (down 120 basis points year-over-year) with 7.5 million square feet of leasing activity and 4.4 million square feet of direct net absorption, while new construction slowed significantly to only 1.2 million square feet delivered. Average direct asking rents increased 5% year-over-year to $1.18 per square foot NNN for spaces 10,000 square feet and larger, driven by demand from advanced manufacturing, semiconductor expansion, and logistics users across submarkets including Glendale, North Chandler/Gilbert, and Goodyear.

Cushman & Wakefield's Denver Industrial MarketBeat Q1 2026 reports that the Denver industrial market ended Q1 2026 with a 7.7% overall vacancy rate, $10.22 per square foot asking rent, and 983,000 square feet of year-to-date net absorption, driven primarily by strong demand for small-bay and mid-sized spaces. Leasing activity reached 2.9 million square feet across 236 deals in Q1 2026 (a 27.9% year-over-year increase), while construction completions totaled 354,000 square feet, far below the five-year average of 1.6 million square feet, with a healthy pipeline of 4.2 million square feet under construction.

Atlanta's industrial market recorded 9.5 million square feet of leasing activity in Q1 2026, a 3.2% year-over-year increase, with I-85 North leading all submarkets at 3.3 million square feet and net absorption reaching 4.1 million square feet—the strongest occupancy growth since Q2 2024. Average asking rents declined 6.8% year-over-year to $8.81 per square foot, while the overall vacancy rate edged up 20 basis points to 8.7%, and the under-construction pipeline remained historically constrained at 17.0 million square feet.

The Austin industrial market in Q1 2026 reached a 14.5% vacancy rate—a more than 20-year high—driven by over 15 million square feet of new supply outpacing demand, with asking rents declining 1.1% year-over-year to $14.17 per square foot and leasing activity slowing amid economic uncertainty. Absorption totaled roughly 678,000 square feet, while development concentrated in suburban submarkets like Round Rock and Southeast Austin, with institutional capital showing renewed interest despite downward pricing pressure on both stabilized and lease-up risk properties.

The Phoenix multifamily market in Q2 2026 experienced improving fundamentals with vacancy declining to 11.3% (down 40 basis points year-over-year) and net absorption of 9,414 units year-to-date (up 50.24% compared to the prior year period), while construction pipeline activity contracted 35.45% to 15,974 units under construction. Average asking rents declined 2.17% year-over-year to $1,536 per month, cap rates compressed to 5.8% from 6.6%, and average sale price per unit increased 3.64% to $266,672, reflecting stronger investor sentiment as the market absorbs recent supply additions.

The Phoenix retail market in Q2 2026 recorded a 4.5% vacancy rate with average asking rents of $1.78 per square foot per month, representing a 9.37% year-over-year increase, while 3.29 million square feet remained under construction and average sale prices reached $296 per square foot. Year-to-date net absorption totaled 590,640 square feet (down 62.23% from the prior year), construction deliveries reached 1.29 million square feet (down 9.75% from 2025), and average cap rates expanded to 6.5%.

Atlanta's office market recorded 1.6 million square feet of new leasing activity in Q1 2026, with suburban submarkets accounting for nearly 73% of volume, while overall vacancy declined to 25.0% and asking rents averaged $33.26 per square foot. Georgia's economic growth, driven by major corporate announcements including UCB's $2 billion manufacturing commitment and Yamaha Motor's U.S. headquarters relocation to Atlanta, supported stable leasing demand and positive net absorption of 109,364 square feet in the quarter.

Metro Atlanta's retail market in Q4 2025 showed tight supply conditions with a 4.5% vacancy rate and minimal construction activity of 28,172 square feet underway, while recording 1.8 million square feet of negative net absorption for the year despite healthy leasing activity of 3.7 million square feet. Overall asking rents accelerated 3.3% quarter-over-quarter to $19.19 per square foot, with South Cobb and Marietta posting the strongest annual increases at 31.3% and 20.9% respectively, while Buckhead commanded the highest rents at $46.11 per square foot.

Newmark's fourth-quarter 2025 market overview of Miami-Dade County industrial real estate reports that the market realized 334,170 square feet of positive absorption with overall rental rates rising 3.3 percent year-over-year to $16.28 per square foot, while the vacancy rate increased 40 basis points to 5.2 percent due to 3.9 million square feet of annual construction deliveries outpacing demand. The document identifies major transactions including PepsiCo's 794,230-square-foot lease at Bridge Point Commerce Center and notes that the regional unemployment rate ticked up to 2.6 percent year-over-year while employment growth decelerated to 0.5 percent, below the national average of 0.8 percent.

Miami-Dade County's office market recorded negative net absorption of 99,330 square feet in fourth quarter 2025, with vacancy rising 20 basis points year-over-year to 14.8%, while average asking rents hit a record high of $61.49 per square foot, up 5.7% annually, driven by tenant flight-to-quality and new Class A deliveries. Employment growth in office-using sectors remained mixed, with financial activities expanding 1.2% year-over-year while professional and business services and information sectors contracted 1.3% and 0.9% respectively, as overall office-using employment dipped 0.5% to 332,600 jobs.