Bellevue CBD peaks, suburbs recover in Eastside office market

$3.8B in Office Deals Signal Market Rebound Colliers’ latest Office Middle Markets Report reveals Australia’s office sector is showing resilience, with $3.8B in transactions nationally in the year to July 2025, just 2.5% shy of last year. NSW led activity with $1.6B across 30 assets, driven by developers targeting North Sydney, Parramatta and Chatswood, while Victoria followed with $930M across 29 assets, including a surge of deals in Melbourne’s CBD. More insights in the comments. 💡 Matthew Meynell Connor Oghlanian #Colliers #Office #Insights #CommercialProperty #PropertyNews

Chicago’s CBD office market showed positive momentum in Q3 2025, with limited trophy vacancy, especially in high-rise space. The West Loop led new leasing activity, and sublease availability dropped 9.5% YOY. For the full office and industrial MarketBeat reports, check out this link:https://lnkd.in/eh7kaG_5 #ChicagoRealEstate #ChicagoOfficeMarket

Avison Young's Q3 2025 U.S. office report has just been released. A few takeaways: U.S. office leasing activity is still below pre-COVID norms, but trophy assets are outperforming and gateway markets are heating up. Markets like hashtag #Manhattan, hashtag #SanFrancisco and hashtag #Boston experienced notable growth over the past year, with leasing volumes for trophy assets now exceeding pre-COVID levels by nearly 13%. Availability dropped again in Q3, continuing a five-quarter tightening streak. More than 80% of tracked markets have seen a tightening in supply over the last year. The pace of recovery continues to vary widely by location and quality of assets. Explore the full insights in our Q3 2025 U.S. Office Market Report. https://lnkd.in/e9QWQFyA

The Greater Cincinnati office market showed signs of stabilization this quarter, with vacancy ticking down slightly to 15.8% and rents continuing to climb, now averaging $20.57/SF. While the market posted -24.1K SF of absorption, increased tenant activity and deal sizes suggest growing confidence and a potential rebound heading into 2026. Conversions continue to help reduce inventory, while the flight-to-quality trend remains strong as tenants prioritize amenity-rich and well-located properties. Check out our Q3 2025 Office Report below.

30% Vacancy. 96% Discounts. A Market Reset in Motion. The Twin Cities office market is at a crossroads. Vacancy rates downtown are near record highs, and towers once valued in the hundreds of millions are selling at steep discounts. But for tenants and investors, this isn’t just disruption — it’s opportunity. From flexible leases to repositioning strategies, the next phase of growth will be defined by those who act now. 📊 Read our take:  https://lnkd.in/gq_wGdvc #commercialrealestate #twincitiesbusiness #realestatemarket #investmentopportunities #officeleasing #tenantrepresentation #realestatestrategy

Melbourne’s much-maligned office market is showing firm signs of a recovery in investor demand, with funds manager Bayley Stuart Capital in talks to purchase a tower in Queen Street in the central business district for more than $170m. The city has come under pressure on the back of issues ranging from stringent work-from-home policies driving 1990s-level office vacancy rates, the high-taxing and anti-business state government, and wider negative sentiment about the Victorian economy amid worries about crime. Ben Wilmot has more: https://bit.ly/4pUegKH.

More distress: office or apartments? It's complicated... Office vacancy rates are 20%+, values are down 50%+, and delinquency rates are higher than the GFC. Apartments have been more of a slower burn, but total estimated distress in apartments exceeds total office distress. Key question: will 'potential' distress turn into actual distress? [Consistently impressed with MSCI's real estate insights.]

Sydney’s CBD faces a shortage of new premium-office space, with just three major developments due by 2029. As demand outpaces supply, landlords expect average annual rent growth of around 5%. Read more: http://bit.ly/3IoET9Z

Report: Portland Office Vacancy Hits Record 26.6% as Market Sheds 306,000 SQFT in Q3 - https://lnkd.in/gBSxtJ28 With leasing down and landmark assets like US Bancorp Tower trading for $45 million, Portland’s office sector faces its weakest demand on record The Pacific Northwest’s office market continues its post-pandemic reckoning, and Portland stands as one of the starkest examples of how remote work and corporate downsizing have reshaped commercial real estate. According to […]

It's raining in Sacramento today, but the skies are finally starting to clear in our local office market. The vacancy rate fell for the second straight quarter, down to 21.1%, as the market begins to find its footing. Though leasing activity remained tepid, availability is declining and sublease space on market is at its lowest level since Q2 2020. The capital city's office sector still faces structural challenges relating to lack of demand, macroeconomic uncertainty, evolving workplace strategies, and obsolete inventory, however, we remain cautiously optimistic as fundamentals continue to recalibrate heading into 2026. For more on Sacramento's office market, please see our Q3 2025 report linked below. https://lnkd.in/gMxWS498