Office

There is currently nearly 40 million square feet of commercial property space under construction, hitting volumes not seen in decades.

While owners haven't been forced to sell like they were during the Global Financial Crisis, income challenges may prompt dispositions in some sectors.

As vacancies increased, asking rents rose 0.2%.

The pandemic has highlighted the strengths of freestanding retailers, but net lease office is also strong.

Office leasing activity was up 57% in October over the previous month, thanks to four large leases.

Mirroring the presidential election, Prop 15 was a tight race, and while votes are still being counted, it looks like the no's have it.

Drawbridge was willing to offer a shorter-term lease to provide Austin-based NI with stability and continuity, and the renewal shows a commitment to Silicon Valley when some tenants are leaving.

Experts at Colliers International expect office leasing to remain quiet through the end of the year, but are encouraged by life science growth.