Research

"Rent growth stalls as price reductions appear in top-tier submarkets"

"Latest construction cycle winds down; market healthy as demand paces deliveries"

"Continued decrease in sublease availability could signal market stabilization  "

"Baltimore's leasing activity fell below the five-year average, with no deals in Q2 exceeding the 100,000 square-foot mark as tenants continue to reassess the size of their footprint"

"Availability of 23.4% was a 60-basis-point decrease from last quarter, but still up from 22.7% a vear ago as tenants adjust to the new normal of hybrid work."

"Total availability of 20.6% increased 30 basis points year over year leaving tenants with a plethora of space options, as well as elevated leverage in lease negotiations."

"Leasing activity of 1.5 million square feet (msf) remains above the 5-year quarterly average of 1.4 msf with demand forecasted to be steady and largely broad-based."

"Availability has increased 190 basis points year over year to 19.8% despite easing activity that remains above both pre-pandemic levels and the 5 year quarterly average."

"Overall asking rent was up 4,7% year over year to $44.52 per square foot (psf) compared to $42.52 psf a year ago, while Class A asking rents jumped 6.2% to $51.23 psf."

"Energy sector drives office leasing activity downtown; office market continues to tighten"