State & Local Analysis
December 08, 2025
U.S. East Coast Office CRE Recovery: Running at Different Speeds
The recovery of East Coast office commercial real estate (CRE) is uneven. Miami and Tampa are ahead, though recent signs of softening have appeared. New York and Charlotte have made progress. In New York, office space absorption is up, driven by return-to-office trends. Charlotte’s gains reflect robust employment growth. D.C. and Boston continue to struggle. High vacancies and weak demand persist. Boston’s elevated pipeline will likely delay recovery, with its vacancy rate set to climb higher in the near term. Miami’s construction pipeline is also elevated, but much of the new supply is pre-leased, limiting risk.
August 18, 2025
U.S. Manufacturing and the Future of the Labor Force
President Trump aims to bring manufacturing jobs back to America. To do this, he’s employing several tools, including the widespread use of tariffs. This strategic push raises several questions on the industry’s capacity to absorb more production and expand the labor market, which we explore in this report.
May 29, 2025
Peeling Back the Layers to the Florida Condo Market Weakness
Florida’s housing market had a strong run in the years following the pandemic and its condominium sector was no exception. But this positive narrative has seen a dramatic shift over the last few quarters. While the overall housing market has softened, in tune with national trends, Florida’s condo sector remains on much weaker footing with both sales and prices down considerably from their recent peaks.
