Creative Reports

February 03, 2020

Despite some trepidation in the commercial real estate industry heading into 2020, the office market closed the year strong, according to Transwestern’s latest U.S. office market report. Annual average asking rental rates grew 2.3% year over year, ending the quarter at $27.08 per square foot. Markets exhibiting the greatest rent growth included Tampa (10.6%), San Francisco (8.7%), Pittsburgh (8.4%), California’s Inland Empire (8.4%) and Manhattan (8.0%). 

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Karen Judson

Senior Vice President - Marketing

Austin, Texas

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Matt Dolly

Research Director - Research Services

Orlando, Florida

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Yesenia Marili

National Director of Learning and Development

San Antonio, Texas

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Elizabeth Norton

Senior Managing Director - Research Services

Washington, District of Columbia

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