Tag: Vacancy
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US office markets enter growth cycle as vacancy rates decline: JLL
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. The U.S. office market is bouncing back, entering a growth cycle after years of fighting vacancies, according to JLL’s Q3 office market dynamics report. National office vacancy rates declined for the first time since early 2019, falling…
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NYC zoning changes, high vacancy rates drive office conversion activity
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Changes in zoning policy are helping to boost office-to-residential conversion activity in New York City, with annual conversions growing from 1.6 million square feet in 2023 to 3.3 million in 2024. Through August 2025, 4.1 million square…
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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. …