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Philadelphia Q1 2024 Office Report
"A soft start for leasing as a new year begins"
We pride ourselves on our in-depth commercial real estate research. Our specialist teams offer insight into current market trends and predictions for the future to help you make the right real estate decisions.
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"A soft start for leasing as a new year begins"
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"Office availability rate decreases for the first time in three years as sublease space is leased"
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"Leasing momentum: Seattle/Puget Sound office market gains pace"
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"Office leasing activity decreases yet again as demand remains largely expiration-driven"
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"Despite uptick in Q1 leasing activity, overall office demand remains weak"
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"Amid ongoing economic turbulence, leasing volume accelerates to pre-pandemic levels to start the year"
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"As 2024 unfolds, the industrial sector is experiencing significant changes from peak market conditions observed 18 months ago."
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"While the tech sector continues to evaluate its office footprint as a result of workplace strategy and economic volatility, large blocks of high-quality tech sublease space remain on the market at the close the year."
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"Overall leasing activity consistently climbed throughout 2023 in the Austin market."
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"In general, tech leasing has picked up slightly. There continues to be growth in nontraditional tech companies such as frontier tech, AI and deep tech clusters."