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Thought LeadeRship
Winning Office
Where U.S. Office Space is Thriving and Why
Hybrid work and high capital costs have impacted office tenants across the country, prompting many to reduce their footprints and delay expansion plans. This has constrained leasing activity and widened the gap between market areas and buildings that are performing versus those that are not.

Identifying the “Haves” in the office market is the focus of a new report where Newmark Research explores top-performing submarkets within major and secondary corridors alike. Understanding the shared qualities of these groupings through proprietary data, coupled with expert qualitative research, will answer: Where is office winning, which assets are favored, and why?

Being in the know is critical for occupiers and investors since what is resilient and currently outperforming today will gain additional strength and value as macro leasing conditions improve and prices rise. Both have implications for timing and strategy.

For a preview of one of the many concepts explored in the paper, see the visual below which illustrates the current performance of trophy buildings in the nation’s premier mature corridors.


Stages of a Real Estate Cycle and
Where Trophy Buildings in Top-Performing Established Submarkets Are

 





Source: Newmark Research

* Occupancy can vary across South Financial's trophy buildings; those with
stronger amenities tend to have higher occupancy and rent averages.
FOR MORE INFORMATION, CONTACT:
Dain Fedora
Head of Southwest Research
dain.fedora@nmrk.com
Joe Biasi
Head of Commercial
Capital Markets Research
joseph.biasi@nmrk.com 
David Bitner
Executive Managing Director,
Global Research
david.bitner@nmrk.com
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2301 Rosecrans Ave Suite 4100, El Segundo, CA 90245 t 310-491-2000
 
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