Avison Young | US

Busy places can create vibrant, lively and enriched experiences. They build connectivity and spark energy. And can even influence financial performance for investors and businesses. So, what does ‘being busy’ mean for a building? And how do you measure that? Introducing the Office Busyness Index -- the analytics behind building utilization: https://ow.ly/jRyB50SEvTs #Office #AVANTbyAY #AYOfficeBusynessIndex #AYdifference

Offices are booked and busy. 😎 Thanks to our Office Busyness Index, we're seeing an upward trend in office activity in several markets. Manhattan, Washington D.C., and San Francisco are leading the charge with double-digit increases in busyness compared to last year. “The road to recovery has been very long and we’re still on the way, but seeing that most of our markets are improving year-over-year is certainly extremely telling of the future of the office,” says Danny Mangru. This kind of data is useful for understanding the health of the office in general, but it could also be influencing how developers make investments in the office market, and which types of buildings they may be focusing on. “When we talk with our occupier and investor clients, we have the data to talk about what’s happening on the leasing side, what’s happening with tenants looking for space, what’s happening in the sales market,” says Jennifer Rosenak. Read Fast Company: https://lnkd.in/g5_e87U5 #Office #AVANTbyAY #AYOfficeBusynessIndex #AYdifference

Investor confidence on the rebound: U.S. industrial pricing remains positive amid rising costs and curbed transaction activity Learn more: https://lnkd.in/eE4JZaNK Industrial pricing has retained its COVID gains better than any other sector. Despite rising debt costs, it's the only sector appreciating in value. Strong fundamentals and high occupancy rates keep it robust and trending upward. #Industrial #AVANTbyAY #AYdifference

🤓🏢 Find out the answer by visiting the Office Busyness Index: https://lnkd.in/ebgYJGwn

The latest Beige Book from the Federal Reserve points to a slight cooling of the U.S. economy. While seven districts reported modest growth, two experienced slight contractions, and three saw no change. This slowdown may lead to a Fed Funds Rate cut, which could boost the capital markets. Here's what you can expect this week in Economics Weekly: https://lnkd.in/eHw6JZHh #Economics #AYdifference

Here’s a snapshot of where we stand at the halfway mark of 2024: The U.S. office space availability rate has stabilized at 23.7%, marking a promising sign for the future. 🤩 This includes a 20% direct availability rate and a 3.7% sublet availability rate—nearly unchanged from Q1 but a step toward stability. Most exciting is the uptick in demand: with 124.3 msf leased through the first half of 2024 and a 38.1% increase in leasing activity over last quarter, the second half of the year is shining in a positive light. https://lnkd.in/eQKtF2y4 #Office #AYdifference

Last week, we had the pleasure of attending the 14th Annual Rail & Maritime Summit at the Union League Club of Chicago. We gained valuable insights from Class I and Shortline railroad leaders, economists, and supply chain experts. Directors from the Avondale Global Gateway, Port Corpus Christi, and Port of New Orleans also shared their exciting growth plans. A few key takeaways: ⦿ Federal investments are key to keeping our inland waterways moving 500M tons annually (valued at $186B) ⦿ Mexico is riding the wave of supply chain shifts from China ⦿ BNSF Railway is seeing a rise in the intermodal volume of consumer products ⦿ The upcoming election year means gearing up to support the United States–Mexico–Canada Agreement (USMCA) re-ratification #AYindustrial #AYdifference Peter Kroner | Adam Haefner | Zeke Rowan | Marty Mikaitis | Chad Buch

Our latest analysis shows hybrid work is reshaping how Americans commute. While many prefer living close to the office, "super commuters" traveling 50+ miles are on the rise! In places like DC, Chicago, the Bay Area, and Atlanta, we're seeing trends like shorter urban commutes and more long-distance travel. 🚗💼 Want to know more about these changing dynamics and how they're influencing real estate? Dive into our insights and join the conversation! https://ow.ly/zAIh50SCtfy #CommutingTrends #HybridWork #AYdifference

📉 Inflation is down, excitement is up! The Fed might cut rates in September thanks to better-than-expected inflation figures. With CPI inflation surprising everyone by dropping to 3% in June, we might see some action soon. Here's what you can expect this week in Economics Weekly: https://lnkd.in/eTM4e_r3 #Economics #AYdifference

🏢✨ The allure of a rock climbing wall or zen garden in a Class A building is undeniable, but guess what? Companies are now prioritizing debt-free landlords! With the shift to hybrid work, the 'flight to quality' isn't just about flashy amenities. In major cities like LA and San Francisco, tenants are choosing stability over spectacle, flocking to landlords with minimal debt. It's a smart move, ensuring better tenant improvement allowances and well-maintained spaces. Ready to find the perfect office space? Let’s chat! 📞 https://ow.ly/6ihY50SxN7f #Office #AYdifference