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Market Update

We've just released our market update for South Coast Commercial Real Estate.


• Commercial sales activity stalled in Q1, as high interest rates and pricing friction took many investors out of play.

• Owner-users generated above-average sales activity.

• Office inventory is in over-supply, as remote work has left a glut of large office spaces on the market while limiting demand to absorb vacancies.

• Retail vacancy has fully recovered to pre-pandemic levels, though State Street’s downtown corridor continues to wrestle with a surplus of empty storefronts.

• Industrial leasing activity and vacancy are both very limited, though a handful of large spaces have recently come to market.



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