Capital Markets Insights

Key Takeaways:  Industrial rents continued upward trends, with March in-place rents growing 7.3% Y-o-Y to $7.85 per square foot Historic levels of new supply continued to push vacancy rates higher, reaching 5.2% at the end of March  405.9 million square feet of new supply was underway as of March, roughly two-thirds the size of last year’s volume Industrial transactions totaled $10 billion through Q1 2024, at an average sale price of $147 per square foot The B

Key Takeaways:  National industrial in-place rents averaged $7.55 per square foot in October, up 7.6% year-over-year     The national vacancy rate stood at 4.6%, unchanged month-over-month  Nearly 513 million square feet of industrial space was under construction nationwide  Industrial transactions totaled $44.4 billion through October, trading at an average sale price of $131 per square foot  Western markets claimed eight of the top 10

Key takeaways:  National industrial in-place rents averaged $7.33 per square foot in June, up 7.4% year-over-year      The national vacancy rate stood at 4.5%, up 20 basis points month-over-month   Nationwide, nearly 607 million square feet of industrial space was under construction   Industrial transactions totaled $21.2 billion through June, at an average sale price of $129 per square foot  Phoenix recorded 9% rent grow

Key Takeaways:  National industrial in-place rents averaged $7.12 per square foot in February, up 6.9% year-over-year   The national vacancy rate stood at 3.9%, down 10 basis points month-over-month Nationwide, 667.5 million square feet of industrial space was under construction Industrial transactions totaled $3.9 billion at an average sale price of $150 per square foot The Inland Empire recorded the largest sales volume nationwide, totaling $855 million 

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