Phil Mobley has served the commercial real estate industry as a researcher, analyst, and consultant for over 20 years. His career includes stints at the commercial brokerage Avison Young, the PropTech firm Building Engines, and the research consultan...
Phil Mobley has served the commercial real estate industry as a researcher, analyst, and consultant for over 20 years. His career includes stints at the commercial brokerage Avison Young, the PropTech firm Building Engines, and the research consultancy Kingsley Associates, as well as serving as an independent advisor to industry clients. As the National Director for Office Analytics, Phil leads the development of CoStar's house view of the office market. He provides guidance on the sector to a team of more than 30 local market analysts, writes reports and articles for CoStar clients, frequently shares insights at industry events, and regularly contributes to media outlets and trade publications. He holds an MBA from the University of South Carolina.
Last year finally delivered the turn in demand the office market has been waiting for since early 2020. Occupancy, while still shrinking slightly for the full year, showed solid growth in the second ...
The longstanding relationship between economic expansion and job growth has begun to fray, especially among traditionally office-hungry industries. Should this trend continue, it may well represent ...
U.S. commercial real estate investment sales picked up markedly in 2025, responding to improved borrowing conditions and greater conviction in property fundamentals.
U.S. office vacancy appears to have reached a cyclical peak, topping out at 14.2% in mid‑2025, before edging down slightly by year’s end as the updated CoStar forecast anticipates stable vacancy ...
Gabe Marans, vice chairman at Savills, leads a global tenant representation team based in New York. He's emerged as a leading voice providing insight on the contemporary office market, leveraging ...
Office tenants signed up for an estimated 410 million square feet of space in 2025, a meaningful increase over the prior year. Still, persistently smaller deal sizes and a wide variation in leasing ...
For the past several years, leading office occupiers have shown a clear preference for leasing space directly from landlords, especially in highly rated buildings. This may not necessarily continue ...
The U.S. office market has taken a long time to find its bottom after the upheaval catalyzed by the COVID-19 pandemic. Though performance is still fragmented and risks abound, the second half of this ...
Over the past five years, office buildings rated three and four stars have borne the brunt of the massive adjustment in workspace demand. That began to change in the third quarter as occupancy losses ...
The number of office buildings able to accommodate large tenants is rapidly shrinking. As a result, major occupiers have fewer choices than at any point since office vacancy started its long climb in ...
The national outlook for office is a bit brighter with vacancy halting its rise and absorption turning positive during the third quarter. These and other market signals have contributed to a minor ...
Leasing volume in the U.S. office market ticked up in the third quarter, according to preliminary estimates, but remains just shy of its pre-2020 norm.
The time required to bring new office space to the market has increased dramatically in the U.S. in recent years, with both construction periods and project delays rising sharply since the onset of ...
The latest data from the Bureau of Labor Statistics reveals a complex interaction between job growth and the ever-evolving return to in-office work. This interplay between job growth and office ...
Commercial real estate investment activity has been stunted since the rapid rise in interest rates in 2022. Added to this, the office sector still faces post-pandemic challenges, both cyclical and ...
A key indicator shows that New York is leading the way in the return-to-office movement, with attendance rebounding completely last month. Demand for office space, however, while on the road to ...