Research

"Nashville's vacancy rate rose to 5.7% in Q4 2024, an increase of 150 basis points (bps) year over year. This was fueled by 7.8 million square feet (msf) of new deliveries in 2024, significantly exceeding the five-year quarterly average of 2.0 msf, leaving tenants with ample space options."

"Raleigh’s vacancy rate has risen 230 basis points (bps) year over year to 6.3%, driven by weak year-to-date net absorption of 944,000 square feet (sf); 2024 finished with no quarter reaching the 5-year average."

"Salt Lake City's industrial vacancy rose to 7.4% in Q4 2024, up from 7.3% in Q3, driven by over 2.6 million square feet (msf) of new deliveries. An additional 2.7 msfremains under construction, reflecting ongoing development activity across the market."

"The ongoing surge in new product supply led to a year-over-year increase of 100 basis points in the vacancy rate, rising to 7.3% from 6.0%."

"In this edition of The Legal Tenant, Tom Fulcher, chair of Savills Legal Tenant Practice Group, sits down with Executive Director of Project Management David Fletcher to give insight into the current drivers of construction costs and what strategies can be employed to manage prices and the process effectively."

"Availability of 22.8%, up 340 basis points year over year, along with ample sublease options and potential landlord loan distress, should sustain tenant friendly market conditions into 2025"

"South Florida leasing activity has backed off from recent highs partly due to a slowdown in office-using employment growth"

"Leasing activity of 1.0 million square feet (msf) in Q4 2024 brought total 2024 leasing activity to 5.5 msf"

"Leasing activity reached 1.1 million square feet in 04 2024, the highest level since 2016"

"Detroit industrial market slows amid EV pullback, but outlook improves for 2025 bounceback"