Savills North America

Congratulations to Donna Abood, Co-Head and Vice Chairman of Florida at Savills, on being recognized by The Real Deal as one of the women shaping South Florida’s skyline. As The Real Deal writes, Donna is "a force in South Florida’s commercial real estate industry" and "one of Miami-Dade County’s top office lease brokers, with more than 80 million square feet of office space leased in her career." Consistently, Donna has proven to be a true trailblazer in commercial real estate. We’re proud to see her being recognized among the industry’s top leaders. Read more: https://lnkd.in/eMnarUmw #WeAreSavills

Prime office costs continue to rise globally as demand for best-in-class space outpaces supply. The latest Global Occupier Markets: Prime Office Costs report found net effective occupier costs rose 5% year over year across the 47 cities analyzed, with Midtown Manhattan standing out among the world’s fastest-growing prime office markets. As incentives moderate and demand for top-tier space remains strong, Midtown occupier costs have climbed nearly 29% since 2022. Explore the full report: https://lnkd.in/evtt_gjP #CREInsights #WeAreSavills

The legal sector continues to demonstrate resilience in today’s office market. Our latest U.S. Law Firm Activity Report shows that while transaction volume moderated in Q1 2026, demand for high-quality office space remains strong as firms continue evaluating options in a market with limited availability of large, premier blocks. Renewals remained the dominant strategy during the quarter, while expansion activity continued to outpace contractions, reinforcing the sector’s long-term commitment to the office. Read the full report for additional insights: https://lnkd.in/e577HtXv #CREInsights #LegalTenant #WeAreSavills

If you’re attending NAIOP I.CON East, don’t miss Gregg Healy and Mark Russo as they take the stage for Manufacturing Momentum: From Rhetoric to Reality. The session will explore what is actually materializing across North American manufacturing markets, from reshoring and tariffs to labor, power, logistics and industrial development trends. Backed by research and real-world examples, the discussion will provide a data-driven look at where manufacturing investment is accelerating, where projects are slowing, and what it all means for the future of industrial real estate. Learn more: https://lnkd.in/eyXbs8nF #WeAreSavills

Our very own Todd Siegel spoke with CoStar on findings from the Savills Global Luxury Retail Report, which names New York the #1 global market for luxury retail openings in 2025, reclaiming the top spot for the first time since 2019. As luxury brands grow increasingly selective with expansion strategies, premier corridors like Madison Avenue and Fifth Avenue continue to attract strong demand from global retailers focused on high-conviction markets. Read more: https://lnkd.in/ecEDeMj3 #LuxuryRetail #NewYorkRetail #CREInsights #WeAreSavills

Savills is proud to have represented law firm Vedder in its long-term headquarters lease extension in Chicago, now running through 2041. The renewal reflects a broader trend taking shape across the office market, as tenants compete for a limited supply of high-quality, well-capitalized office options and increasingly recommit to spaces that support long-term stability and growth. Congratulations to Joe Learner, Adam Southard and Robert Sevim for representing the tenant in this significant transaction. Read more via CoStar: https://lnkd.in/eWGeyNTW #WeAreSavills

Recent data from the top 200 Fortune 500 companies points to hybrid work no longer being in flux, but in refinement. Our latest research, Mandates, Flexibility and the Future of Work: A Fortune 500 Perspective, analyzes return-to-office policies across the top 200 Fortune 500 companies and finds that fixed hybrid remains the dominant workplace model, even as some organizations modestly tighten in-office expectations. As labor market conditions evolve, workplace strategies continue to adjust at the margins, shaping the next phase of office utilization and employee expectations. Read the full report: https://lnkd.in/eZ7GqYDX #CREInsights #WeAreSavills

Happy Victoria Day to our colleagues, clients and partners across Canada. Wishing you a festive long weekend! #WeAreSavills

Celebrating our teams recognized last night at the 38th Annual Chicago Commercial Real Estate Awards!   Congratulations to Joe Learner and Robert Sevim’s Tenant Advisory Team on being named Office Tenant Broker of the Year, and to Todd Siegel, Phil Golding and Kimberly Wiskup for earning Retail Broker of the Year honors.   And congratulations to our finalists Brandon Nasatir for Emerging Leader of the Year and to the GGP HQ Lease Extension team for Deal of the Year.   The annual event brings together Chicago’s commercial real estate community to celebrate industry excellence while supporting the Greater Chicago Food Depository. A fantastic evening recognizing the best of Chicago CRE.   #WeAreSavills

For global luxury brands and landlords, the message is clear. The U.S. is not just back in focus; it never really left. In a global luxury market shaped by volatility, the U.S. continues to stand out for its scale, depth of wealth and resilient domestic demand. Our latest findings from Todd Siegel, in collaboration with Savills Research, reveal that success today depends on where and how you invest. Read more: https://lnkd.in/eNXVNBWP #WeAreSavills