Market Updates
- By Guzel
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- Market Updates
October 2024 Market Update
Office vacancy in Manhattan has hit a three-year low, while Boston office leasing has reached a two-year high. LA office leasing has reached its highest level since Q1 2020. Additionally, the availability of Class A office space in Chicago has decreased for the first time since the pandemic. Even San Francisco, which has struggled the [...]
- By Guzel
- 0
- Market Updates
Industrial Market Update – September 2024
In July, in-place industrial rents increased to $8.15 per SF, marking a 7.3% year-over-year rise, according to a report from CommercialEdge. This is good news for landlords dealing with a surge in supply. However, the overall industrial market is still below its record highs in 2022. The Inland Empire, Los Angeles, Miami, and New Jersey [...]
- By Guzel
- 0
- Market Updates
September 2024 Market Update
In August, the U.S. economy added 142,000 jobs, which was slightly below the expected 161,000 jobs. This suggests a slowdown in the labor market but could also lead to the Federal Reserve lowering interest rates later in the month. The unemployment rate dropped to 4.2% as the labor force expanded by 120,000, maintaining a 62.7% [...]
- By Guzel
- 0
- Market Updates
Guzel Lubinski Recognized as a Top Performing Broker
GUZEL LUBINSKI Recognized as a Top Performing Broker in Crexi’s Annual Platinum Broker Awards LOS ANGELES, CA, March 19, 2024 -- Crexi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced GUZEL LUBINSKI as a winner of its annual Platinum Broker Awards, an awards program recognizing the highest performing brokers [...]
- By Guzel
- 0
- Market Updates
October 2023 Market Update
U.S. commercial property prices resumed their decline in Q3 as interest rates once thought to be inconceivable have become the norm, and will likely continue for at least the next 24 months. Retail rent has increased 11% since the end of 2019 and 4% over the past year as retailers enjoy surging sales amid limited [...]
- By Guzel
- 0
- Market Updates
September 2023 Market Update
The challenges facing the office market are broad, and especially pronounced at high-profile buildings in the largest urban markets. National office vacancy hit a record 13% in Q3 2023. Downtown office attendance is at half of its pre-pandemic level, based on keycard data. On a bright note, suburban office properties showed exceptionally robust net cash [...]
- By Guzel
- 0
- Market Updates
August 2023 Market Update
In the industrial market, net absorption is 30% below pre-pandemic levels. New construction will likely outpace tenant demand for at least another two or three quarters. Industrial rent growth has begun to decelerate from a peak rate of 12% in mid-2022 to 8.5% as of mid-2023. Still, the industrial market remains strong in nearly all [...]
- By Guzel
- 0
- Market Updates
May 2023 Market Update
Rising interest rates, low rent growth, and banking turmoil have dramatically slowed CRE investment volume. Commercial real estate investment decreased by 57% YOY in Q1. As a result, commercial prices have declined by 15% Year-over-Year as of May. Large players with cash on hand, however, have enjoyed the luxury of continuing to invest via all-cash [...]
- By Guzel
- 0
- Market Updates
Guzel Lubinski Recognized as a Top Performing Broker
Guzel Lubinski Recognized as a Top Performing Broker in Crexi’s Annual Platinum Broker Awards LOS ANGELES, CA, March 6, 2023 -- Crexi, the commercial real estate (CRE) industry's fastest-growing marketplace, data, and technology platform, today announced Guzel Lubinski as a winner of its annual Platinum Broker Awards, an awards program recognizing the highest performing [...]
- By Guzel
- 0
- Market Updates
November 2022 Market Update
Warehouse demand is cooling down from red hot to medium hot. Industrial vacancy ticked up in the third quarter from 3% to 3.2%, as developers completed a record 148 million square feet. Warehouse tenants occupied 108 million square feet in the quarter, down 18% from the prior three months, in the first national quarterly decline [...]
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