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SMG Capital Holdings, Inc.

Capital Markets Insights

U.S. Office Market Closes 2022 with Still-Rising Vacancies & Declining Sales

Key Takeaways: The average U.S. office listing rate stood at $38.19 per square foot, down 0.7% year-over-yearUp 90 basis points year-over-year, the national vacancy rate rested at 16.5%Under-construction office space totaled 135 million square feet at the end of the year, with another 261 million square feet in the planning stages2022 office sales totaled $30 billion less than 2021’s $116 billion volumeAt $930 per square foot, San Francisco remained the unchallenged leader of office sales
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$58B National Industrial Sales Total Nears National Office Sales Volume

Key Takeaways: The average U.S. office listing rate stood at $38.70, ticking down 0.1% year-over-yearDown 10 basis points year-over-year, the national vacancy rate stood at 14.8%139.9 million square feet of new office space was under construction at the end of AugustThe national office sales volume totaled $59.63 billion in the first eight months of the year Trends & Industry News: Life Sciences Still in Demand Thanks in part to breakthroughs of mRNA and CRISPR technologies, billions of
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Supply Chain Disruptions Increase Historic Highs in Industrial Lease Margins

Key Takeaways: The average national in-place rent increased 5.3% year-over-year to reach $6.60Demand pressures drove the U.S. industrial vacancy rate further down to just 4.4%Nearly 200 million square feet of new space were delivered in the first seven monthsYear-to-date industrial sales totaled $49.9 billion at a $130 per-square-foot sale price Supply chain issues continue to mar post-COVID activities across all economic and consumer sectors, and the industrial market is no exception. While
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Coworking Rebounds as Solution to New Office Use Models

Key Takeaways: The average U.S. office listing rate stood at $37.75 in July, slipping 2.3% year-over-yearUp 10 basis points year-over-year, the national vacancy rate stood at 15.1%149.5 million square feet of new office space was under construction at the end of JulyYear-to-date, the national office sales volume reached $51.9 billion More than two and a half years into the COVID-19 pandemic, the office sector continues to struggle with high vacancy rates and contracting listing rates. Coworki
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National Vacancy Rate Hovers at 15.2% Halfway Through 2022

Key Takeaways: The average U.S. office listing rate stood at $37.58 in June, falling 2.6% year-over-yearUp 20 basis point year-over-year, the national vacancy rate stood at 15.2%151.7 million square feet of new office space was under construction as of JuneThe national office sales volume reached $43.7 billion in the first half of 2022 Nearly two and a half years since the start of the pandemic, the office sector continues to struggle, facing an unstable short-term outlook as it contends with
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Industrial Sales Volume Nears $40B Mid-Year as Q2 Marks 7th Consecutive Quarter

Key Takeaways: The average national rent increased 4.9% year-over-year to reach $6.57Unrelenting demand squeezed the U.S. industrial vacancy rate to just 4.6%159.6 million square feet of new space were delivered in the first six monthsQ2 sale prices reached $138 per square foot, up 31.3% year-over-year Regardless of shifting economic trends and uncertainty in other sectors, industrial assets continue to attract unrelenting investor attention. With supply far outstripped by demand, developers
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Industrial Rents Climb 4.4% Amid Record-Setting Supply & Vacancy Levels

Key Takeaways  The national average rent for industrial space hit $6.45 per square foot in February Vacancies tighten to an average of 5.2% across the top U.S. markets Year-to-date sales volume nears $9.1B, reflecting consistent investor interest February closes with 593MSF of industrial space in supply pipeline  Southern California Markets Lead Nation in Rent Expansion  The national average for in-place industrial rents across the top 30 U.S. markets reached $6
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National Industrial Sales Price Climbs to $135 PSF Year-to-Date

Key Takeaways: The average national rent for industrial spaces rested at $6.47 per square footVacancies for U.S. industrial space remained flat at 5% in AprilNational construction pipeline surpasses 640 billion square feetThe average sale price reached $135 per square foot The industrial sector remains strong despite a volatile economic environment both nationally and globally. Drivers of industrial demand continue to stay solid and are expected to be robust in the in the short term and proba
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National Office Sales Volume Surpasses $35 Billion

Key Takeaways: The average U.S. office listing rate slid 2.1% year-over-year, reaching $37.56 in May  Unchanged year-over-year, the national vacancy rate remained at 15.4%Office construction inched up to 151.2 million square feetThe national office sales volume reached $35.3 billion by the end of May Remote and hybrid work models were considered niche setups just a little over two years ago, but today, these trends seem here to stay. Although concentrated health policy efforts have shift
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