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πŸ“ˆ Office vacancy rates hit record levels nationwide

The latest CommercialEdge (a Yardi company) National Office Report reveals unprecedented office vacancy rates across major U.S. markets, with some cities experiencing levels above 20% for the first time in recent history. Traditional office spaces continue to face challenges from hybrid work arrangements and economic uncertainties, while Class A buildings with premium amenities show stronger resilience in maintaining occupancy. The report highlights a growing disparity between older office stock and modern, amenity-rich buildings, with the latter commanding premium rates despite the overall market downturn.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 74 days ago Β· πŸ“© Week 48, 2024 Β· πŸ“ˆ Data

🏑 What is driving a 240% coworking suburban surge?

Yardi Kube‘s latest white paper focusing on coworking’s "suburban surge". In the paper, several industry experts share what they believe and see to be driving this trend.

We also see some interesting new data-points, namely that 15% of all office space enquiries that move through Yardi’s listing network are for coworking space (up from 6% in 2022). Turner Levison also highlights that the suburban coworking footprint has swelled by 9M sqft in just one year, while suburban demand has surged by 240%.

πŸ’¬ Discuss this Β· πŸ”— Direct Link Β· ⏱️ 115 days ago Β· πŸ“© Week 42, 2024 Β· πŸ“ˆ Data

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Previously know as WUN Systems.

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