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%).
