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Savills Prime Office Cost Index Q4 2017
06 February 2018

At the close of 2017, a majority of SPOC markets outside of the US and Mexico increased in overall costs (year-over-year as measured in USD) as global real estate markets strengthened and the dollar depreciated against 2016 highs.

 

Research search results: 245 found

 
Houston 2018 Q1 Market Report

Houston 2018 Q1 Market Report

09 May 2018

Global oil markets have slowly reined in the issue of excess supply in the last few quarters. The threat of a glut in production has not been fully put to rest, though. Similarly, Houston is just starting to work through its ample excess availability, putting tenants in the driver's seat.

 
 
 
Manhattan Q1 2018 Market Report

Manhattan Q1 2018 Market Report

09 May 2018

Tenants have capitalized on the extensive concessions being offered. For the time being, though, base rent remains 10% to 15% too high for most tenants. Until more landlords budge on taking rent, demand will be kept in check."

 
 
 
New Low in Unemployment Rate, Yet Wage Growth Remains Subdued

New Low in Unemployment Rate, Yet Wage Growth Remains Subdued

04 May 2018

April’s labor market report was consistent with above-trend growth in the economy, despite some mixed messages in the data. While the unemployment rate fell to 3.9%—the lowest level since 2000—the trend in average hourly earnings pulled back slightly, with March’s figure revised down to 2.6% from 2.7%, and April’s figure remaining at 2.6%.

 
 
 
Chicago (CBD) 2018 ERI Report

Chicago (CBD) 2018 ERI Report

30 April 2018

Businesses in Chicago showed continued willingness to pay record rent for quality space. Much of the new trophy product was pre-leased in 2016.

 
 
 
Houston 2018 ERI Report

Houston 2018 ERI Report

30 April 2018

Leasing volume in the region rebounded late in 2017 as energy prices started to rise and tenants took advantage of lower rent and favorable terms.

 
 
 
Austin (CBD) 2018 ERI Report

Austin (CBD) 2018 ERI Report

25 April 2018

Tenants faced higher occupancy costs during 2017 as the region's tech sector fueled steady demand in the CBD. Registering its sixth consecutive annual increase, effective rent for top-tier buildings pushed even higher into record territory. New construction in the Domain will offer tenants another set of high-quality office buildings in an amenity-rich setting, but rent in these properties is also very elevated. Tenants will face higher rent in 2018. 

 
 
 
Dallas (CBD) 2018 ERI Report

Dallas (CBD) 2018 ERI Report

25 April 2018

Downtown has struggled to land some of the most rapidly expanding firms, but had some success during 2017 as its strong value-plays and improving amenity base attracted geographically flexible companies. Newer buildings along Ross Avenue and in the Arts District have seen stronger demand and are achieving sharper rent growth. Little change is anticipated in 2018.

 
 
 
Dallas (Uptown/Turtle Creek) 2018 ERI Report

Dallas (Uptown/Turtle Creek) 2018 ERI Report

25 April 2018

Businesses relocating from higher-cost East and West Coast markets continue to show a strong preference for Uptown. They are drawn to its amenity-rich setting, ample nearby luxury retail and residences and growing pool of top-tier buildings. Owners have been able to steadily increase negotiated rent in the last several years and further rent increases are likely in 2018.

 
 
 
Denver 2018 ERI Report

Denver 2018 ERI Report

25 April 2018

Sustained activity among tech and creative sector firms, combined with a recovering energy sector, boosted demand during 2017. Landlords increased concessions, contributing to a decrease in tenant effective rent. Larger and mid-sized tenants tapped into a deeper pool of space options in Midtown and Uptown, supporting some rental rate growth in these areas that lagged LoDo during 2016.

 
 
 
Los Angeles (Downtown) 2018 ERI Report

Los Angeles (Downtown) 2018 ERI Report

25 April 2018

Dependency on the legal, banking and professional/business services sectors kept leasing in Downtown Los Angeles from gaining much momentum during 2017. Tenant effective rent pushed above $30/sf in 2017, but is still well below rent in West Los Angeles. The greater Los Angeles economy seems to be losing some momentum and may have already pushed past its peak. Moderating demand should curb rent growth during 2018.

 
 
 

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