In recent news from the Washington post, tech giant Meta is cutting around 11 000 jobs, representing 13% of the company’s workforce. Twitter is also continuing with layoffs, after already slashing jobs drastically earlier in November.

Over the past year, it’s sometimes felt like the number of factors that we, as commercial real estate (CRE) professionals, need to keep track of have grown exponentially. Especially in the face of challenging market conditions.

As commercial real estate (CRE) professionals, perhaps some of the most important terminologies we need to be aware of is the jargon around different investment types. What return does an…

Download Report

Vacancy has increased in the third quarter of 2022 with remote work, downsizing and economic uncertainty still affecting office leasing. As of 9/30/22, vacancy rate in the Harrisburg Market was 9.6%. Notably, vacancy is higher in the Harrisburg West Submarket at 10.9% compared to 8.9% in the Harrisburg East Submarket.

Third quarter 2022 returned another record-setting rent performance in Harrisburg’s industrial market. As of 9/30/22, industrial rents averaged $7.10/SF. Remember, warehouse and distribution centers averaged $5.40/SF just two years ago.

According to a recent Bloomberg article, investment bankers Goldman Sachs outlined a bearish prediction for the UK commercial real estate (CRE) market in the short to mid-term. Goldman states that they are anticipating a drop-off of up to 20% for property values between mid-2022 and the end of 2024.

When it comes to parity, commercial real estate (CRE) still has some ways to go in leveling the playing field for women in our industry. That’s the central message of the latest report from the Commercial Real Estate Women Network (CREW), a national organization with a focus on diversity, equity and inclusion in CRE.

Earlier this year, NAI Global reported on the growing life sciences market, as capital continued to pour into the space despite a general downturn in office. In that article, we noted that the sector was picking up steam across multiple markets, both in the US and further afield.

Download the 3Q Office Market Overview

Download the 3Q Industrial Market Overview

Download the 3Q Capital Market Overview