Mid Year Office and Industrial Update

Sep 7, 2022

Industrial demand remains strong despite rising interest rates and an inflationary environment. While new construction activity has boomed, vacancy rates continue to decline as space absorption remains strong. We continue to see demand being driven by distribution and manufacturing uses.  Continue reading here Mid-Year 2022 Industrial Market Update

Tenants are just beginning to find more clarity in their outlook for return to work, hybrid and remote working scenarios with many making longer term lease commitments. However, if hybrid or continued remote working is chosen, they are either subleasing excess space or downsizing if their  lease is expiring. With leasing activity remaining sluggish, this will likely cause a continued rise in vacancy and sublease space.  Continue reading here Market Update Mid Year 2022 – TaTonka