Research

"South Florida's average asking rent ended the year at $43.57 per square foot, up 5.7% year-over-year, as the overall flight to quality from occupiers continues."

"Total availability of 19.7%, decreased 100 basis points year-over-year due to strong leasing activity which has steadily increased and now sits above the 5-year quarterly average."

"Toronto's Central Business District (CBD) avinability surged in 2025, increasing by 250 basis pointsto 15.9% as demand for office space has slowed amidst slow economic growth."

"Baltimore recorded 0.9 million square feet of leasing activity in Q4 2023 which was the only quarterin 2023 to exceed the five-year averagE leasing volume of 0.8 million square feet."

"Phoenix reported a decrease in leasing activity at Q4 2023 which brought full-year 2023 total leasing activity to 6.1 million square feet (msf), still up from 5.7 msf in 2022."

"Availability remains elevated and ended the vear at 23.3%, up 40 basis points from last year as many tenants stay focused on reducing their office footprints."

"Following the Global Pandemic commencing 2020, central business districts across the country have suffered higher than normal office availability rates. Philadelphia’s Central Business District (CBD) is no exception. For the fifteen years preceding the pandemic, Philadelphia’s office availability hovered between 12.0%-15.0%. In comparison, the challenges of the current market provide an office availability rate of 23.1%."

"Availability continues to rise with more sublease space additions to the market"

"Leasing volume in the Queen City remains well below average"

"Status quo endures in Suburban Chicago as occupiers continue to retrench and rightsize"