Research

"Office demand stabilizes as supply pressures ease"

"San Diego office market leasing activity rebounds"

"Tenant demand for quality defines Tampa Bay office market"

"The following analysis examines leasing activity across Tier 1 office markets through midyear 2026 and explores the market dynamics likely to shape demand during the second half of the year."

"Overall vacancy rose to 26.4%, an increase of 610 basis points year over year, driven in part by the addition of 2.5 million square feet of new life sciences space."

"Overall vacancy declined 160 basis points (bps) year over year to 37.6% from 39.2%, signaling a slight positive shift in the market."

"Overall vacancy declined 320 basis points (bps) year over year to 23.8% from 27.0% in Q2 2025, while direct vacancy, sublease vacancy and total available space also decreased over the same period."

"Overall vacancy increased by 70 basis points (bps) year over year to 32.5% from 31.8% in Q2 2025, reflecting continued elevated availability in the market."

"Overall vacancy increased to 24.4%, up 890 basis points year over year from 15.5%, primarily due to the addition of several large availabilities to the market. Sublease vacancy also rose sharply, increasing from 1.6% in Q2 2025 to 3.0% in Q2 2026."

"Overall vacancy increased by 260 basis points year over year to 7.3% from 4.7%. However, Philadelphia continues to post one of the lowest vacancy rates among the nation's leading life sciences markets."