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📊 Boston Q3 2024 Industrial Report 📊 Introducing the first Savills Boston Industrial Research Report highlighting important shifts within the region's industrial real estate landscape. 📈 Rising Vacancy Rates: Vacancy continues to rise, reaching 6.8%. Year over year, vacancy has increased by 170 basis points (bps), signaling slightly softer market conditions in the coming months. 🏗️ Development Slowdown: Development activity has slowed with the under-construction pipeline down 2.6 million square feet (msf) year over year. This trend is expected to continue as occupiers work through newly-delivered space that remains available. 💲 Rental Rate Adjustment: With leasing activity heavily concentrated in large renewals and additional space coming onto the market through deliveries, average lease rates may start to plateau. These metrics indicate a recalibration in the Boston industrial market, with potential opportunities for tenants and investors to capitalize on shifting demand and space availability. For those navigating Boston’s evolving industrial landscape, our report offers an in-depth look at these trends and what to anticipate moving forward.

Capital values grew across the Savills World Cities Index at an average rate of 0.8%, exceeding the 0.6% growth forecast from December 2023. Follow our link below to see which cities ranked in the top five…! #savills #globalresidentialdevelopment #worldcities #residentialindex

We have released our Q2 2024 market overviews for the office, retail and logistics & industrial sectors in Australia. Click the links below to download our reports & please reach out if you have any queries or we can assist you further: * Office: https://lnkd.in/gbwCVRbt * Retail: https://lnkd.in/gtPEff6z * Logistics & Industrial: https://lnkd.in/gqJ4FSKn Key insights include: * Office - Australian CBD net absorption was positive for a second consecutive quarter, with demand being supported by solid pre-commitment levels in Sydney and mining sector demand in Perth. However, despite the positive demand, the Australian CBD vacancy rate trended upwards driven by the completion of new office stock and the availability of back-fill space. * Retail - turnover growth (year-on-year) continues to trend downwards from a peak growth rate of 11.5%, reaching 1.6% in May 2024. While the cash rate outlook remains volatile, the current restrictive policy stance is slowing the pace of discretionary spending. Nevertheless, vacancy rates remain low and the supply outlook is very muted. Options for tenants are becoming more limited, driving rental growth. Investors are returning to the retail sector given the improving value proposition. * Industrial - Industrial and logistics gross take up rebounded in 2Q 2024, with Melbourne and Sydney accounting for 77% of take up. However, though demand has proved resilient, with strong supply, incentives are increasing from troughs recorded in 2023 and sublease is weighing on effective rental growth in some precincts. At precinct level, rental growth performance is varied. Established land constrained inner precincts in Sydney, Melbourne and Brisbane have outperformed. * Our Residential/BTR report is also due to come out later this week.   #jllaus #jllresearch

I am excited to share our Q1 2024 Industrial Market Report for Atlanta. Vacancy reaches a high to start the year as the market continues to decompress. In Q1 2024, Atlanta’s industrial market continues to show signs of softening. Vacancy proceeds to rise to a high of 8.4%, marking a 320 basis-point (bps) increase year over year. Rental rates also continue to rise, despite the uptick in vacancy. Asking rates rose 10.2%, from $6.18 in Q1 2023 to $6.81 in Q1 2024. The increase is largely the result of more expensive quality product on the market, as well as higher construction costs related to new product. As Atlanta’s market continues to decompress and inch towards pre-pandemic norms due to economic turbulence, vacancy is likely to continue to rise throughout 2024. Despite the constant increase in vacancy, Atlanta is expected to maintain a strong foothold as an industrial cornerstone in the Southeast throughout the rest of 2024. Read the full Savills North America Q1 2024 Atlanta Industrial Report Below. #atlantarealestate #CRE #ATL #AtlCRE #commercialrealestate #industrialrealestate #leasing #savills

Just released: JLL’s Most Expensive Streets Report 2024.    Since the pandemic, tenants have sought quality more than ever, recognizing the value in high-quality offices and premier locations not just for recruitment and retention advantages, but also to motivate return-to-office strategies.      Explore JLL’s new report to learn more: https://bit.ly/3Q2Q2Ok

The Greater Vancouver office market remained healthy at the end of the third quarter, with regional vacancy and availability rates returning to pre-2017 levels, Newmark Canada said in a new report. "Class-A space in particular remains in high demand as the flight-to-quality trend continues. While the total office inventory increased slightly over the previous year, construction of new office space in greater Vancouver is “largely at a standstill,” which could lead to a shortage of Class-A space before the end of the decade." https://lnkd.in/g8HRCWrm #vancouver #industrial #office #leasing #sales

Introducing the first Savills East Bay/Oakland Industrial Research Report, unveiling significant changes in the region's industrial real estate landscape. For further insights and detailed analysis, read the full Q3 2024 East Bay/Oakland Industrial Market Report here: https://lnkd.in/gMNWUgu2

Further evidence of a recovery being underway in European real estate has been published, with values rising across all sectors according for a second consecutive quarter according to new research from Cushman & Wakefield. This follows positive data on investment activity in H1 this year from both CBRE and Savills. Cushman & Wakefield (C&W) also recorded six consecutive quarters in which rents have risen on a quarterly basis. On an annual basis, logistics continues to lead the charge with rental growth of 5.6%. This aligns with what our urban logistics platform Crossbay, which manages last-mile assets in gateway cities across Europe, is seeing on the ground, with a lack of appropriate supply and increased competition between occupiers for well located space driving rental growth. Read the full write-up of C&W research in Green Street News: Europe:

Diversification. Dynamism. Development. These three words perfectly capture Chicago’s evolving real estate market and it's easy to see why. With a booming economy, the city is attracting investors, businesses, and residents at an unprecedented rate (and yes, this is based on actual data, not just my own biased, Chicagoan perspective). Major investments in transportation and public amenities are reshaping the city’s infrastructure, making it more accessible, connected and appealing. At the same time, office spaces are evolving to meet the new demands of today's workforce. The city may be windy, but it’s also wonderful - want to learn more? Read our research or reach out. I’m always happy to talk about home. https://lnkd.in/gp_yicQN

A rate cut, though impactful, cannot overcome the structural challenges that continue to weigh on the Hong Kong residential market. Download our latest Residential Sales Market Monitor Report to learn more: https://lnkd.in/gs5YTZ2V 減息雖然具影響力，但仍不足以克服長期困擾香港住宅市場的結構性挑戰。下載我們的《香港住宅銷售市場綜述》報告，了解更多：https://lnkd.in/g3d6NBG6 __________ Subscribe to JLL’s research: https://lnkd.in/eN2nbBy4  訂閱仲量聯行的研究報告: https://lnkd.in/ec32i7JD  #JLL #JLLHK #JLLTrendsInsights #仲量聯行 #仲量聯行香港 Cathie Chung