Wednesday, June 10, 2026
Family Office Briefing on research byLee & Associates·Oct 27, 2023

2023 Q3 North America Market Report

North America industrial demand slows while office markets struggle — family offices should consider co-GP opportunities with disciplined operators.

2023

Key Metrics

MetricValue
Net Absorption (U.S.)29.9million SF
Year-to-Date Net Absorption (U.S.)110.2million SF
U.S. Office Negative Net Absorption55million SF
U.S. Vacancy Rate (Multifamily)7%
Asking Rents (U.S. Retail)24$/SF

Metrics extracted from the source report and independently fact-checked. Method →

Building a thesis around this market? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent real estate strategies.

Peer Network · By Invitation

The Thesis Exchange

Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.