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Las Vegas Office Market Report Q4 2024
March 24, 2025 - After four consecutive quarters of increasing vacancy, Southern Nevada’s office market vacancy decreased to 11.8% this quarter. No new office projects were completed in Q4 2024, and net absorption rebounded to 126,238 square feet, the market’s highest net absorption since the second quarter of 2023. In addition, the weighted average asking rental rate for office space increased to $2.68 PSF FSG.
Portland Metro Office Market Report Q4 2024
March 24, 2025 - The greater Portland office market faced continued challenges in Q4 2024. During the quarter, tenants vacated more than 262,000 square feet, bringing the overall vacancy rate to 24.4%. While the market-wide vacancy rate has increased by more than three percentage points in the last 12 months, Q4 marks the third consecutive quarter in which the pace that vacant space has come back to the market has slowed. Vacancy rates remain the highest in the Central Business District (CBD) at 34.7%. In the whole of 2024, net absorption surpassed negative 1 million square feet in the CBD. In the CBD Perimeter, vacancy rates fell by 40 basis points to 27%. Most notably, the Clark County submarket experienced a second consecutive quarter of positive net absorption, driving the vacancy rate to 8.3%.
Santa Monica 2029: Entitlement Clarity, Zoning Upside, and a Reset Housing Market
June 12, 2025 - Santa Monica is no longer the entitlement dead zone it once was. Backed by aggressive state housing mandates, the city has rezoned key corridors, opened up density, and created real paths to multifamily scale. This report breaks down where the growth is going, how zoning has shifted, and what it means for developers, builders, and investors looking to get ahead of the next wave of housing in one of California’s most supply-constrained coastal markets.