Tag: Vacancy
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Office Conversions Surge Amid Rising Vacancy Rates
Key Takeaways: The national office vacancy rate was 19.4% in May, up 160 basis points year-over-year, with occupancy unlikely to rise in near future The average U.S. office listing rate was $33.15 per square foot in May, increasing 4.8% year-over-year Office construction pipeline continued to shrink, with 41.5 million square feet of office space currently under construction Los Angeles…
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Data center vacancy rates hit record low
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Data center vacancy rates plummeted despite ongoing infrastructure build outs during the first three months of the year, according to CBRE research published Tuesday. The capacity crunch was most acute in major U.S. markets, where…
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Development Slowdown & Vacancy Shifts Reshape Sector 2025
Industrial development is settling into a more measured pace after years of rapid expansion, according to our latest industrial report. In 2024, construction starts dropped to 236 million square feet, a 35% decline from 2023 and over 60% from 2022. Vacancy rates are expected to stabilize before ticking down by mid-2025, while the development slowdown is likely to continue. …