Vacancy rates in the Metro Phoenix office market dropped considerably during 2018, finishing at 15.6 percent, declining over 180 basis-points (bps) since fourth quarter of 2017 (17.4 percent). The vacancy rate is anticipated to continue to drop in 2019. The
At the close of the fourth quarter of 2018, the industrial market showed an overall vacancy rate of 7.4 percent, a 50 basis-points reduction from fourth quarter of 2017 (7.9 percent). Current trends are showing that space competition, previously uncommon,
The Atlanta office market finished the year on a positive note. The Atlanta economy continued to expand through the fourth quarter of 2018 and gained 59,800 jobs, up 2.2% year-over-year (YOY) compared to 1.1% nationwide. Atlanta’s unemployment rate fell
By: David Friedland, Executive Director and Chicago Industrial Group Leader
Chicago leasing activity is up 35.4% year-over-year indicating that the industrial market is far from cooling off. New development has also picked up with 8.1 msf under construction.
Cushman & Wakefield’s Research
By Richard Persichetti, Vice President, Tri-State Research Lead
It is the first official day of summer! As the weather starts to really heat up, let’s take a look at the hottest submarkets and examine which ones had the most