Pre-leasing rates suggests new office development will weigh on older properties in 2022

Dec 16, 2021, 13:54 PM by Matt Mowell
The office supply pipeline is active for 2022 and just over 50% of this space is pre-leased. The heaviest development is sensibly clustered in traditionally high-growth office markets, albeit some of these markets must contend with higher rates of speculative construction. But the pace of supply growth for many cities is not too dissimilar from historic norms (Boston being a notable exception) and it is likely that pre-lease rates will increase in the coming months/quarters. Indeed, the key concern is this lease-up occurs at the expense of older and Class B properties.  

EA Chart of the Week_dec16

Deconstructing CRE

295 posts

Last post : 05/24/2023

redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin play-btn line-arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard