Dr. Gleb Tsipursky – The Office Whisperer
Cat Johnson – Coworking Marketing Maven
Angela Howard – Culture Expert
Drew Jones – Design & Innovation
Andrea Pirrotti-Dranchak – Competitive Advantage
Jonathan Price – CRE & Flex Expert
Jeremy Fennema – Tech Innovation Alchemist
A Yardi Matrix survey of 115 markets found that strong demand for space is keeping the U.S. office market performance steady.
Year-over-year, Orlando topped major U.S. metros with 5.4% office employment growth.
2019 will likely deliver similar development levels of 2018. Currently, about 157.4 million square feet of space is being developed. The majority of this new construction is located in urban areas such as Manhattan and Chicago.
In December of last year, rents averaged $33.41 per square foot nationally, which was down 0.7% from the previous quarter. Manhattan and San Francisco had the highest rents and demand rose in technology-heavy areas such as the Bay Area and Silicon Valley.
An increase in remote workers and collaborative spaces played a big role in moderating demand. The coworking market currently has about 43 million square feet of active shared space leases.
