Insights from Cushman & Wakefield | Sage Partners’ Q3 Report
- Office market conditions remained exceptionally tight, with vacancy steady at 4.5%, well below the national average, as the region continues transitioning toward triple net leases to optimize returns.
- Industrial performance softened slightly as vacancy rose to 6.9%, reflecting slower tenant activity, though demand for Class A and flex product along I-49 continues to anchor the market.
- Retail fundamentals strengthened further, maintaining 3.48% vacancy and seeing asking rents exceed $30/SF in new multi-tenant projects, signaling continued tenant confidence.
- Multifamily trends showed vacancy climbing to 9.9% amid a surge in new deliveries, while rent growth stabilized and affordability pressures continued to mount across the region.
