U.S. Quarterly Figures

Average medical outpatient building (MOB) asking rent fell slightly to $25.03 per sq. ft.  in Q1 from a record-high $25.08 in Q4 2024.

Q1 net-lease investment volume increased by 9% year-over-year in Q1 to $9.6 billion. Total commercial real estate investment volume increased by 14% year-over-year.

Commercial real estate investment volume increased by 14% year-over-year in Q1 to $88 billion.

The overall lab/R&D vacancy rate for the top 13 markets tracked by CBRE rose to 21.4% in Q1, driven by negative net absorption and new construction.

The overall hotel occupancy rate increased by 0.4% year-over-year in Q1 as demand growth of 1.0% outpaced supply growth of 0.6%.

The U.S. office market remained stable in Q1, with positive net absorption, healthy leasing activity and relatively low levels of new supply.

The overall retail availability rate increased slightly in Q1 to a still relatively low 4.8%, marking the first uptick in five quarters. This rise in availability was mostly due to the growing supply of obsolete space, which has tripled since 2020.

Renter demand continued to outpace new deliveries in Q1, lowering the overall multifamily vacancy rate to 4.8%.

The U.S. industrial market recorded solid leasing activity, a small increase in overall vacancy and modestly positive net absorption in Q1.