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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Keith Pierce

Vice President, Research

Atlanta, Georgia

(404) 842-6534

Karen Judson

Vice President

Austin, Texas

(512) 314-3560

Ford Childress


Dallas, Texas

(972) 774-2561

Jared Balcavage


Greenwood Village, Colorado

Stuart Showers

Senior Vice President, Business Analytics

Houston, Texas

(713) 270-3380

Matt Dolly

Director of Research - NJ

Florham Park, New Jersey

(973) 947-9244

Nicholas Rita

Senior Research Analyst

Phoenix, Arizona

Yesenia Marili

Vice President - Marketing

San Antonio, Texas

(210) 563-7070

Jamie Mahoney

Senior Business Analyst

Harrisburg, Pennsylvania

(415) 489-1826

Elizabeth Norton

Senior Managing Director - Research Services

Washington, District of Columbia

(202) 775-7026