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U.S. industrial real estate saw vacancy rates increase while overall demand and development normalized from the e-commerce-led bonanza.
Space dedicated to life sciences makes up a growing share of total office development nationally
After surging in the wake of the pandemic, the industrial real estate sector experienced a significant cooldown in 2023, and this year is poised to be a period of stabilization and normalization for the industry. Rental rate growth is expected to slow as vacancy rates rise as record levels of new supply work their way through the market, according to CommercialEdge's National Industrial Report. "If 2023's word of the year was ‘normalization,' we are labeling 2024's motto as stabilization," Comme
The number of coworking spaces in the U.S. remained basically flat in the third quarter of 2023, after an impressive 10 percent bump in the prior quarter, according to the latest report from CoworkingCafe.