Research

Transwestern reports that average asking rents for industrial space in New Jersey rose to $8.59-per-square-foot, marking the largest quarterly increase since the fourth quarter of 2018.

The Houston Q3 market showed plateauing office concessions, a record year of industrial deliveries, retail dominated by medical office facilities and multifamily exhibiting strong fundamentals, says a JLL report.

Coworking investments are expected to maintain momentum over the next five years as corporate real estate executives continue to view flexible workspace as an essential offering.

"These markets are considered budding tech hubs that are poised to grow more rapidly in the future."

According to a third quarter report on the office market in Broward County by commercial brokerage firm CBRE, the overall vacancy rate for the region fell 40 basis points from the second quarter and 210 basis points from a year earlier to 9.3% at the end of the third quarter of 2019.

Among some of the key prevailing trends in the market include strong activity by food tenants that are expanding or debuting new dining concepts in the area.