Category Archives: Office Space Market information

Honolulu Office Space: A Hot Market?

Unfortunately, the air temperature is the only thing that is hot related to Honolulu office space. Although, according to our local OfficeFinder rep the Honolulu office space market is beginning to hold its own: “After two quarters of negative absorption, Honolulu’s office market registered slight positive absorption in the 4th quarter of 2013 to keep… Read More »

Houston Office Space: Hot Class A Submarkets

A recent report from JLL identified the 5 hottest Class A submarkets within the Houston Office Space Metro area. In addition, CBRE reports that office absorption growth has been steady in Houston. “IN TEN OF THE LAST ELEVEN QUARTERS, THE MARKET HAS SURPASSED THE 900,000 SQ. FT. NET ABSORPTION MARK, WITH SIX OF THOSE NINE… Read More »

Latest Employment Data Good For Office Space Market

The NAR just released 10 Things to Know about the Latest Employment Data which included some good news for the office space market. “From the worst of the recent recession a few years ago, nearly 8 million jobs have been added. Recall, however, during the recession that 8 million jobs were shed. Not yet a… Read More »

Office Rental Rates Predicted to Increase by 5.6% by End of 2015

Lawrence Yun, the chief economist at the National Association of Realtors recently reported that the “Growth in commercial real estate sectors continues at a moderate pace from a very slow pace of absorption, despite job additions to the economy. Companies appear hesitant to add new space.” The good news is that the pace of the… Read More »

What Will the Office Space of the Future be Like?

Technology is changing the world we live in and the way we work. It is allowing much more flexibility in where and how we work. The Millennial, Gen X and Gen Y generations, now in the workforce,  have grown up in the digital age and have very different work / life requirements that have been… Read More »

Chicago Office Space Market Update

Perched on the southwestern shore of Lake Michigan, Chicago, nicknamed The Windy City, is home to nearly three million residents, making it the third most populous city in the U.S.  Chicago started as a trading post and later was incorporated as a city in 1837.  In 1871, The Great Fire claimed the city, due in… Read More »

Miami Office Space Market Conditions

Nicknamed the “Capital of Latin America”, Miami is the second largest city in the United  States with a Spanish-speaking majority.  During the rise of Fidel Castro in Cuba (1959), many Cubans sought refuge in Miami, increasing the population.  Miami’s metropolitan population grew from one thousand to nearly five and a half million in the years… Read More »

Office Space Predictions For 2014

In a recent quarterly commercial real estate forecast from the National Association of Realtors, they are predicting that the office space market in the US will see only slight improvement over the next year with a small, .2%, reduction in the office vacancy rate and a modest 2.5% increase in rental rates. Specifically, here is… Read More »

Atlanta Office Space Market Overview

The most populous city in the state of Georgia, Atlanta originated as a railroad town in 1837, and has had a rich history ever since.  The city became a distributor of military supplies during the Civil War because of its railroad network.  This is the same reason that the capital was moved there in 1868,… Read More »

Austin Office Space Market Conditions

As the capital of Texas, Austin is the second largest state capital in the United States, and the fourth largest city in Texas.  Located in central Texas, Austin became the capital city in 1838, when it was moved from its original location of Houston. Citizens of Austin, known as Austinites, enjoy a diverse lifestyle, culture,… Read More »

Seattle Office Space Market Conditions

According to OfficeSpace.com’s recent market report , office space in Seattle and the vicinity is still somewhat weak with an overall office vacancy rate of 15.6%. Even the Eastside, with all of it’s tech firms, has a vacancy rate of 16% when the sublease space is taken into account. As we are slowly coming out… Read More »