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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: 272 found

 
Orange County 2018 Q1 Market Report

Orange County 2018 Q1 Market Report

14 May 2018

A decrease in the number of larger leases, new product coming on line and increased space efficiency by tenants has boosted availability in the last several months.

 
 
 
South Florida Q1 2018 Market Report

South Florida Q1 2018 Market Report

14 May 2018

Availability has started to increase in certain areas. Larger leases have become more infrequent and an uptick in new construction is impacting the market. Nevertheless, rent for the very highest-caliber space in Brickell, Coral Gables and Downtown Fort Lauderdale remains at record levels, as these submarkets have more limited space options.

 
 
 
Suburban Chicago 2018 Q1 Market Report

Suburban Chicago 2018 Q1 Market Report

11 May 2018

Conditions remain very disjointed in suburban Chicago with lower availability and even some new office development activity in prime locations with access to transportation. On the other hand, several complexes in the North and Northwest submarkets are saddled with major vacancies.

 
 
 
Tampa Bay 2018 Q1 Market Report

Tampa Bay 2018 Q1 Market Report

11 May 2018

Water Street Tampa continues to capture much of the attention regarding the impending boom in new office product. Other developers are joining the fray, increasing the prospects that tenants will eventually benefit from much-needed top-tier office space. Now the region just needs commitment from a few anchor tenants to get these projects rolling.

 
 
 
Northern New Jersey 2018 Q1 Market Report

Northern New Jersey 2018 Q1 Market Report

10 May 2018

Demand has slipped well below long-term averages in Northern New Jersey. Tenants have a lot of leverage across the market. Landlords in some areas continue to repurpose obsolete office product as industrial or residential product when and where it is feasible.

 
 
 
Philadelphia 2018 Q1 Market Report

Philadelphia 2018 Q1 Market Report

10 May 2018

Large companies continue to seek more efficiency in their space, which is pushing up availability rates. Demand for quality space remains strong, though, with leasing activity above average and rents in the CBD at an all-time high.

 
 
 
Washington, DC Region 2018 Q1 Market Report

Washington, DC Region 2018 Q1 Market Report

10 May 2018

2018 has brought some of the most tenant- favorable office market conditions ever seen across all jurisdictions of the Washington metro region. A preference for efficient and amenitized space has led to the highest amount of new development since the recession, and tenants across all industry sectors are benefiting from unprecedented options, flexibility and concessions as they make real estate decisions in the current cycle.

 
 
 
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%.

 
 
 

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