CommercialEdge: Office Market Sales Decline and Vacancies Continue to Rise

March 6, 2023

Three years after the COVID-19 pandemic upended the office sector, it remains in flux. While many businesses have fully committed to hybrid and remote work arrangements, others are becoming more adamant about getting employees back into the office. And, according to the CommercialEdge U.S. office market analysis, there will be even greater uncertainty and upheaval as the industry transitions to a new status quo.

CommercialEdge: Office Vacancy Rates Rise Nationwide in 2022

December 19, 2022

Although many in the industry had assumed that the office market would stabilize in 2022 – and perhaps even begin to recover pandemic losses – this stabilization did not occur. Rather, wider economic changes; repeated interest rate increases by the Federal Reserve; the further establishment of work-from-home and remote office arrangements; and increasing numbers of office footprint reductions by businesses caused vacancy rates to continue to rise throughout the year, according to the latest CommercialEdge report.

CommercialEdge: Office Starts Slump in Gateway Markets, Advance in Sunbelt

November 11, 2022

CommercialEdge's October office report explains that office starts slumped in gateway markets, but advanced in the Sunbelt.

CommercialEdge: Coworking Sector on the Rise as Office Space Demands Shift

September 13, 2022

Two and a half years into the COVID-19 pandemic, the office sector is still experiencing high vacancy rates and declining listing rates. Coworking spaces, on the other hand, are making a comeback after seeing their usage swiftly drop with the onset of the pandemic. As office-using business sectors adopt long-term work-from-home and hybrid models, coworking […]

CommercialEdge: Office Sales and Vacancy Rates Up in Midyear 2022

July 29, 2022

Two and a half years after the pandemic began, the short-term future for the office sector remains uncertain, with record vacancy rates adding to the industry’s woes, according to a recent office report from CommericalEdge. And as hybrid and work-from-home business models continue to take hold — and rising inflation rates further deter workers from […]

U.S. Sales Volume for Office Exceeds $35 Billion

July 7, 2022

Just a little over two years ago, remote and hybrid work models were viewed as anomalies, but now, these trends appear to be here to stay. According to office security experts Kastle Systems, despite concerted health policy efforts to limit the spread of COVID-19, office attendance has been averaging just over 40% lately. In fact, […]

U.S. Office Market Trends: 2022 Q1

May 10, 2022

Despite widespread predictions that the COVID-19 pandemic would put an end to office buildings, construction has persisted — albeit at a reduced rate. While ground was broken on 86.4 million square feet of new supply in 2019, the number dipped to 58.4 million in 2020 and crept up to 63.1 million in 2021. In March, […]

Author:

Eliza Theiss