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With a market size of nearly $900bn<\/a>, the United States has one of the world\u2019s largest commercial real estate markets, coupled with some of the most desirable business locations to match. This post serves as the first part of our examination into the\u00a0US market\u2019s performance based on data from Q4 2020 and Q1 2021.<\/p>\n <\/p>\n New York <\/strong><\/p>\n New York is one of the largest office and retail markets in the nation, however, both activity and demand have slowed down over the past year.<\/a> Industrial and logistics was the only sub-market to perform well over 2020, due to the increase in e-commerce and warehousing requirements satisfied through spaces mostly located in New York\u2019s outer boroughs.<\/p>\n Offices<\/em><\/p>\n Retail<\/em><\/p>\n Industrial<\/em><\/p>\n <\/p>\n Dallas <\/strong><\/p>\n Dallas is an important logistics and distribution hub, and as such the local industrial space market boasts strong fundamentals<\/a>. The city is also known for its business-friendly environment, which has prompted the relocation of many office-based businesses from nearby states.<\/p>\n Offices<\/em><\/p>\n Retail<\/em><\/p>\n Industrial<\/em><\/p>\n <\/p>\n San Francisco <\/strong><\/p>\n San Francisco\u2019s office market is currently experiencing a severe downturn, a factor which could make the market particularly sensitive to sharp price drops in the near future<\/a>. On the other hand, local industrial space is getting the attention of investors and has remain mostly untouched by last year\u2019s events.<\/p>\n Offices<\/em><\/p>\n Retail<\/em><\/p>\n Industrial<\/em><\/p>\n <\/p>\n Washington DC<\/strong><\/p>\n Washington\u2019s commercial real estate market is supported by the government and tech sectors, which serve as the main occupiers of local office space. Industrial properties are the second pillar of the local commercial real estate market<\/a>, which has been driving interest due to its low lease rates and convenient geographical location.<\/p>\n Offices<\/em><\/p>\n Retail<\/em><\/p>\n Industrial<\/em><\/p>\n <\/p>\n Philadelphia <\/strong><\/p>\n Philadelphia is considered one of the most promising tech and life sciences hubs, which has made local real estate attractive to investors and corporations. The city is also popular with office-based businesses due to its proximity to other major business hubs like New York and Washington.<\/p>\n Offices<\/em><\/p>\n Retail<\/em><\/p>\n Industrial<\/em><\/p>\n <\/p>\n Boston <\/strong><\/p>\n Office space in Boston is mainly taken up by tech and R&D businesses<\/a>, particularly in the Cambridge area. The city has a resilient industrial market due to the presence of the life sciences sector, which continues to generate demand for lab and manufacturing purposes.<\/p>\n Offices<\/em><\/p>\n Retail<\/em><\/p>\n Industrial<\/em><\/p>\n <\/p>\n Looking for more market insights? Click below to find out more…<\/p>\n United States Commercial Property Supply and Vacancy Rates 2021 (Part\u00a01) With a market size of nearly $900bn, the United States has one of the world\u2019s largest commercial real estate markets, coupled with some of the most desirable business locations to match. This post serves as the first part of our examination into the\u00a0US market\u2019s performance based on data from Q4 2020 and Q1 2021.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[357,99,279,152,352,223,371,468,101,349,121],"tags":[471,400,408,89,76,469,401,470,403],"class_list":["post-1616","post","type-post","status-publish","format-standard","hentry","category-best-cities-for-business-in-the-usa","category-boston","category-dallas","category-dc-2","category-manhattan","category-new-york-2","category-office-space-forecasts-and-trends","category-philadelphia","category-san-francisco","category-trends-and-statistics","category-washington","tag-471","tag-boston","tag-dallas","tag-dc","tag-new-york","tag-philadelphia","tag-san-francisco","tag-vacancy-and-supply","tag-washington"],"_links":{"self":[{"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/posts\/1616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/comments?post=1616"}],"version-history":[{"count":20,"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/posts\/1616\/revisions"}],"predecessor-version":[{"id":1799,"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/posts\/1616\/revisions\/1799"}],"wp:attachment":[{"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/media?parent=1616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/categories?post=1616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/offices.net\/news\/wp-json\/wp\/v2\/tags?post=1616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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\n<\/a>United States Commercial Property Supply and Vacancy Rates 2021 (Part 2)
\n<\/a>United States Office Rental Market – Trends for 2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"