101 E Washington Street, Ste 400 Greenville, SC Q 18. Market Report
|
|
- Egbert Campbell
- 5 years ago
- Views:
Transcription
1 101 E Washington Street, Ste 400 Greenville, SC Q 18 Market Report
2 GREENVILLE/SPARTANBURG 2Q18 OFFICE REPORT * MARKET SUMMARY The Greenville Spartanburg Office market remained fairly steady at the end of the second quarter of Vacancy rates remained at 7.7% throughout the entire Upstate market. The trend of little to no change in vacancy has persisted since the end of the second quarter of The Greenville CBD vacancy rate is 9.6% and increased 0.2% from the first quarter of The suburban market vacancy rates declined 0.1% to 7.3% this quarter. Overall, we have seen very small incremental changes over the last year. The rental rates for the Greenville Spartanburg market have increased slightly across all classes to $17.70 per square foot. This is a 1.5% increase in quoted rental rates from last quarter. Greenville CBD Class A office space is trending at $26.24 per square foot. The Upstate market has 155,244 square feet of office space under construction at the close of the second quarter with one building (4,954 square feet) delivered this quarter. The largest projects under construction are 1068 Holland Rd, a 115,737 square foot flex building, 5 Stevens, a 60,000 square foot medical office building, and 615 Congaree Road, a 26,567 square foot building. MARKET OUTLOOK The office market in the Greenville Spartanburg area continues to hold steady in vacancy rates, with small increases in rental rates across all classes. The office market has seen a decline in overall sales volume in 2018 compared to the first two quarters of 2017, and cap rates have declined slightly. We have low sales inventory in the Greenville CBD with the focus on renovating existing buildings to attract office users. Continued growth across the Upstate in all sectors trends favorably for the office market. MARKET INDICATORS 7.7% VACANCY RATE 1 : 4,954 SF NUMBER OF BUILDINGS DELIVERED (13,665) SF NET ABSORPTION $17.70 AVERAGE GROSS RENTAL RATE ($/SF/Yr) *Office Report data is reflective of Greenville & Spartanburg Counties only Shannon Caldwell Office Division Broker scaldwell@naief.com NOTABLE TRANSACTIONS 1068 Holland Rd Mauldin, SC 535 N. Pleasantburg Dr Greenville, SC 105 N Spring St Greenville, SC NAI Earle Furman leased 115,737 SF of flex space at 1068 Holland Road in Mauldin. The property initially consisted of 53,470 SF and is being expanded by 62,267 SF. The team of John Gray and Drew Stamm represented the tenant, Jackson Marketing. (Pictured above) NAI Earle Furman leased 43,805 SF of office space at 535 N. Pleasanturg Drive. The team of John Gray and Drew Stamm represented the tenant, OBHG Management Service. NAI Earle Furman leased 6,939 SF at 105 North Spring Street. The team of Keith Jones and McNeill Epps represented the tenant, First Community Bank.
3 Office Report Greenville/Spartanburg, SC Submarket Review 2Q2018 $18.00 Greenville/Spartanburg Vacancy & Rental Rates 12.00% $ % $17.00 $16.50 $16.00 $ % 6.00% 4.00% $ % $ Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 0.00% Vacancy Asking Rent (Gross) *Greenville & Spartanburg Counties only Greenville/Spartanburg Submarkets Submarket # of Buildings Total RBA (SF) Vacant (%) Total Net Absorption (SF) Total Avg Rate Greenville CBD Class A 19 2,331, (4,569) $26.24 Class B 56 2,281, (10,809) $23.87 All Classes 122 4,909, (20,234) $25.14 Greenville Suburban* Class A 50 4,347, (5,516) $22.13 Class B ,877, ,886 $14.98 Class C 2,218 10,244, ,045 $12.67 All Classes 4,075 31,477, ,415 $16.38 Spartanburg Class A 5 522, (1,704) $20.74 Class B , ,299 $10.86 Class C , (5,390) $11.82 All Classes 40 1,184, (4,795) $13.70 * Greenville s CBD, WestEnd and Spartanburg s CBD excluded Existing offices of all sizes.com
4 UPSTATE SOUTH CAROLINA 2Q18 INDUSTRIAL REPORT * MARKET SUMMARY The Upstate South Carolina Industrial Market ended the second quarter of 2018 with a vacancy rate of 5.1%, which was down over the previous quarter, and net absorption totaling positive 1,190,867 SF. Vacant sublease space decreased in the quarter, ending the quarter at 387,364 SF. Rental rates ended the second quarter at $3.77, which was an increase over the previous quarter. A total of five buildings delivered to the market in the quarter totaling 707,497 SF, with 3,690,044 SF still under construction at the end of the quarter. The largest projects underway are Michelin Distribution Center, a 1,100,000 SF building, The Cubes at Inland 85, a 500,280 SF building, 310 Genoble Rd, a 500,000 SF building, and 70 Tyger River Dr-Building 4, a 408,000 SF building. The largest lease signings included a 181,334 SF lease signed by Contec at 769 Flatwood Industrial Dr in the Spartanburg market; a 121,000 SF deal signed by Pratt Industries at 1410 Old Stage Rd in the Greenville market; and a 112,455 SF lease signed by Jarden Plastic Solutions at 1221 S Batesville Rd in the Greenville market. Total year-to-date industrial building sales activity in 2018 is up compared to the previous year, and the price per square foot has averaged $31.97 this year. Cap rates have been lower in 2018, averaging 7.75%, compared to this time last year when they averaged 8.62%. One of the largest transactions that has occurred within the last four quarters in the Greenville/Spartanburg market was the sale of Rite Aid Distribution Center in Spartanburg. This 901,350 SF industrial building sold for $64,960,343, or $72.07 per square foot at a 6.25% cap rate. MARKET OUTLOOK MARKET INDICATORS 5.1% VACANCY RATE 5 : 707,497 SF NUMBER OF BUILDINGS DELIVERED 1,190,867 SF NET ABSORPTION $3.77 AVERAGE RENTAL RATE ($/SF/Yr) *Data is reflective of all six counties in the Upstate: Greenville, Spartanburg, Anderson, Pickens, Cherokee, and Laurens. We expect the demand for industrial manufacturing and warehouse space to continue to remain strong throughout the Upstate with steady positive absorption, more new construction, and rising rental rates while maintaining historically low vacancy rates. John Staunton Industrial Division Broker johnstaunton@naiearlefurman.com NOTABLE Q2 TRANSACTIONS 1610 Old Grove Rd Piedmont, SC 1610 Old Grove Rd Piedmont, SC 8025 Howard St Spartanburg, SC NAI Earle Furman leased ±252,385 SF in the Augusta Grove Business Park (Building 17/ Suite A) to Android Industries, LLC (building pictured above). NAI Earle Furman leased ±79,460 SF in the Augusta Grove Business Park (Building 17/ Suite B) to Kimura, Inc. NAI Earle Furman recently sold ±54,822 SF of industrial distribution space in Spartanburg, SC.
5 Industrial Report Upstate, SC Submarket & Flex Review 2Q2018 Submarket Overview Submarket # of Buildings Total RBA (SF) Vacant (%) Total Net Absorption (SF) Total Avg. Rate Anderson County Class A 9 1,841, Class B 127 8,704, ,568 $2.78 Class C ,380, (19,643) $3.01 All Classes ,053, (9,075) $2.91 Greenville County Class A 35 3,630, ,000 $4.89 Class B ,790, ,436 $3.95 Class C 1,284 35,148, (20,837) $3.33 All Classes 1,860 72,627, ,599 $3.80 Spartanburg County Class A 53 14,397, ,831 $4.18 Class B ,009, (22,927) $2.96 Class C ,976, (27,200) $3.13 All Classes 1,380 78,390, ,704 $3.24 Flex Submarket Overview Submarket # of Buildings Total RBA (SF) Vacant (%) Total Net Absorption (SF) Total Avg. Rate Anderson County Class A 1 111, Class B , (5,000) $12.33 Class C , ,150 $7.00 All Classes , $11.25 Greenville County Class A 4 226, $11.06 Class B 148 2,769, ,589 $8.73 Class C 303 3,304, $6.87 All Classes 456 6,307, ,514 $7.84 Spartanburg County Class A 8 341, $5.52 Class B , ,953 $7.13 Class C , (25,220) $7.93 All Classes 129 2,012, (22,267) $7.31.com
6 Industrial Report Upstate, SC Submarket & Flex Review 2Q2018 $3.80 Average Asking Rental Rate & Vacancy Trends 6.20% $3.78 $3.76 $3.74 $ % 5.80% 5.60% $ % $3.68 $3.66 $3.64 $ % 5.00% 4.80% $ Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 4.60% Asking Rent Vacancy $60.00 Average Sale Price Per SF $50.00 $40.00 $30.00 $20.00 $10.00 $ Q1 2016Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2.com
7 UPSTATE SOUTH CAROLINA 2Q18 RETAIL REPORT * MARKET SUMMARY The retail market in the Upstate of South Carolina did not experience much change in market conditions in the second quarter of The vacancy rate remained unchanged from the previous quarter at 4.4%. Net absorption was positive 86,369 SF, and vacant sublease space increased by 20,385 SF. Quoted rental rates decreased from first quarter 2018 levels, ending at $11.72 per square foot per year. A total of eight retail buildings with 99,596 SF of retail space were delivered to the market in the quarter. During the second quarter of 2018, eight buildings totaling 99,596 SF were completed in the Upstate retail market. Over the past four quarters, a total of 512,515 SF of retail space has been built in the Upstate. In addition to the current quarter, 12 buildings with 139,808 SF were completed in first quarter 2018, 12 buildings totaling 193,812 SF completed in fourth quarter 2017, and 79,299 SF in nine buildings completed in third quarter There is a total of 334,178 SF still under construction at the end of the quarter. Over the last few years, online shopping has increased rapidly. Customers don t want to just walk into your shop, buy your product and leave because they could do this in the comfort of their own home. This has made retailers think outside the box. With openings of the Harris Teeter grocery store on Augusta St. and the Sprouts Farmers Market in Simpsonville during Q2, it is apparent that retailers are changing their strategies. With the inclusion of wine bars and beer tastings, consumers can enjoy their time while shopping for their food. This shows that retailers are evolving to make shopping more centered around entertainment as opposed to being solely product based. Not only are grocery stores catching on, but other suppliers such as malls and medical care are shifting that way as well. Malls are adding more restaurants to make shopping an activity for the whole family rather than a task. Similarly, medical care is also making a change. While medical care isn t selling a product, they are shifting more from medical office parks to strip shopping centers, making it more convenient for the consumer to receive care. MARKET OUTLOOK MARKET INDICATORS 4.4% VACANCY RATE 8 : 99,596 SF NUMBER OF BUILDINGS DELIVERED 86,369 SF NET ABSORPTION $11.72 AVERAGE RENTAL RATE ($/SF/Yr) *Data is reflective of all six counties in the Upstate: Greenville, Spartanburg, Anderson, Pickens, Cherokee, and Laurens. With the healthy economy and the boom in experiential retail, retailers have much to be excited about. With the announcement of Top Golf on Pelham Road, this goes to show that the evolution of retail has just begun. Kaki Mac Lain Retail Division Broker kmaclain@naiearlefurman.com NOTABLE TRANSACTIONS McMillian Rd Boiling Springs, SC E North St Greenville, SC 155 W Main St, Ste A Spartanburg, SC NAI Earle Furman recently sold a brand new Starbucks/Marco s Pizza at a 6.03% cap rate illustrating that our local retail market is still strong (pictured above). NAI Earle Furman recently sold 27,100 SF of retail space in the E. North Street submarket. This is a big positive for an area that hasn t seen much activity lately. NAI Earle Furman recently leased ±2,210 SF in Downtown Spartanburg. This area continues to attract more retails, as Le Spice Restaurant makes it s move to Main St.
8 Retail Report Upstate, SC Submarket Review 2Q2018 $12.00 Greenville/Spartanburg Vacancy & Rental Rate Trends 6.00% $ % 5.50% $ % $ % $ % 4.50% $ % $ Q2 2016Q3 2016Q4 2017Q1 2017Q2 2017Q3 2017Q4 2018Q1 2018Q2 4.00% Asking Rent Vacancy Submarket # of Buildings Total RBA (SF) Vacant (%) Total Net Absorption (SF) Total Avg. Rate Greenville County Augusta Road 249 1,763, ,219 $15.23 Laurens, Haywood, & Congaree 431 7,672, (2,295) $11.22 Downtown Greenville , (4,370) $23.51 Woodruff Road/Butler Rd 367 4,603, ,830 $15.18 Pelham Road 156 1,539, ,959 $13.63 Simpsonville 412 3,898, ,062 $13.44 Wade Hampton/Greer 582 4,971, ,214 $11.68 All Submarkets 3,930 36,932, ,620 $13.37 Spartanburg County East Side/Downtown 523 4,825, (5,218) $11.22 West Side 455 6,179, (48,448) $11.66 Boiling Springs/Hwy ,777, (23,069) $10.07 All Submarkets 2,991 23,379, (24,989) $9.84 Anderson County Hwy 81 & Clemson Blvd 385 5,626, ,079 $11.21 Pickens 783 6,648, ,431 $12.78 All Submarkets 1,592 14,038, ,074 $9.10.com
9 Upstate Economy Lead locally. Act globally. Total Population + 1,012,450 Total Labor Force^ 480,907 Founded by J. Earle Furman in 1986, NAI Earle Furman has become a leading full service commercial real estate brokerage firm in the Upstate of South Carolina specializing in the office, industrial, investment and retail sectors. In 2017, our firm joined forces with NAI Piedmont Triad to expand our services in North Carolina. Total Households + 368,742 Median Household Income + $46,777 NAI Earle Furman offers a wide range of services including sales, leasing, development, site selection, consulting and property management. We strive towards excellence not only as a quality commercial real estate company, but also as a team united to provide the best service to our customers, clients, and community through integrity, dedication, and diligence in every aspect of life. Unemployed^ 12,246 Unemployment Rate^ Greenville Co.: 2.5% Anderson Co.: 2.7% Spartanburg Co.: 2.6% Statistics for Greenville, Spartanburg and Anderson counties (July 2018) + US Census Bureau: 2017 estimates ^ Bureau of Labor Statistics, SC Dept of Employment & Workforce As a member of the NAI Global network, NAI Earle Furman is able to provide commercial real estate services to our local Upstate clients, as well as national and international clients. We have immediate access to over 7,000 professionals working out of 400+ offices in 55 countries throughout the world. The NAI Global Network has annual sales and leasing transactions of $20 billion and manages 425 million square feet of property. Like no other network, we are global in our thinking, yet local in our approach. Our Locations Greenville, SC Spartanburg, SC Anderson, SC Greensboro, NC 101 E Washington Street, Suite 400 Greenville, South Carolina South Pine Street, Building 100 Spartanburg, South Carolina E Earle Street Anderson, South Carolina North Elm Street Greensboro, North Carolina naiearlefurman.com The information contained in this report has been obtained from third-party sources that are deemed reliable. NAI Earle Furman has not independently verified the information s accuracy and makes no representations, guarantees, or express or implied warranties regarding the accuracy of the information herein. Data sources are continually revised and updated, causing both historical and forecast information, data, and analysis to change as new information is added. Third-party data source: CoStar Group
Upstate, SC 2Q17. Industrial Market Report. Q2 Industrial. Upstate Economy in 2Q17* Industrial Sector in 2Q17. Trends for 2Q17
Upstate, SC 2Q17 Industrial Market Report The industrial market for the Upstate of South Carolina saw continued growth for the second quarter of 217. While there was a positive net absorption of 67,53
More informationUpstate, SC 1Q16. Industrial Market Report. Industrial. Upstate Economy in 1Q16* Industrial Sector in 1Q16. Trends for 1Q16
Market Report The industrial market for the Upstate of South Carolina saw continued growth for the first quarter of 2016. While there was a positive net absorption of 1,024,708/SF, the Upstate industrial
More informationThe Upstate, South Carolina
The Upstate, South Carolina Vacancy Down and Absorption Up The first quarter of 2018 ended on a rather remarkable note, posting the largest decrease in industrial vacancy in the last eight quarters. This
More informationThe Upstate, South Carolina
The Upstate, South Carolina Tenant Favorability Remains Both Greenville s and Spartanburg s Central Business Districts (CBD) had positive absorption over the first quarter of 2018. The Upstate saw an increase
More informationNew and improved approach to retail
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q4 2017 New and improved approach to retail Crystal Baker Research Coordinator South Carolina Key Takeaways > > Rents remain stable
More informationNAI MEMBER NAME. NAI Earle Furman, LLC
NAI MEMBER NAME NAI Earle Furman, LLC Retail Office Report Fourth First Quarter 27 21 Upstate Market TRENDS: Vacancy Rate Net Absorption Construction Asking Rents UPSTATE STATISTICS: Number of Buildings...8,474
More informationTenant: Address: Size (SF): Submarket: NYK Logistics (Americas), Inc Victor Hill Road 100,000 Spartanburg
NAI Earle MEMBER Furman, NAME LLC Industrial Office Report Report First Second Quarter Quarter 2007 2009 Upstate Market TRENDS: STATISTICS: Vacancy Rate Net Absorption Construction Number of Buildings...3,910
More informationThe Upstate, South Carolina
The Upstate, South Carolina Office Market Experiences Negative Absorption The muchanticipated pullback in the market for Greenville office leasing has arrived. This is clearly demonstrated in the first
More information3 RD QUARTER 2015 RICHMOND INDUSTRIAL MARKET REPORT
3 RD QUARTER FORECAST As the U.S. economy continued to show positive economic growth through the third quarter, the Richmond, VA Industrial market saw demand for warehouse and flex properties increase
More informationGreenville defies the nationwide trend of retail closures
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q3 2017 Greenville defies the nationwide trend of retail closures Crystal Baker Research Coordinator South Carolina Key Takeaways >
More informationGreenville is a tenant s market
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2018 Greenville is a tenant s market Crystal Baker Research Coordinator South Carolina Key Takeaways > > Large blocks
More information3 RD QUARTER 2016 RICHMOND INDUSTRIAL MARKET REPORT
3 RD QUARTER 2016 RICHMOND INDUSTRIAL MARKET REPORT FORECAST The Richmond Industrial market continued trending in the positive direction in the third quarter, with the absorption of over 320,000 square
More informationNAI MEMBER NAME. NAI Earle Furman, LLC. Retail Office Report First Quarter
NAI MEMBER NAME NAI Earle Furman, LLC Retail Office Report First Quarter 27 211 Upstate Market TRENDS: Vacancy Rate Net Absorption UPSTATE STATISTICS: Number of Buildings...8,697 Market Size (SF)...79,43,17
More informationMiami-Dade County Office Market Report 4Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Office Market Report
Miami-Dade County Office Market Report 4Q 216 Real Capital Partners Real Estate Services *Data Source CoStar Miami-Dade County Office Market Report 4Q 216 Miami-Dade County Office Market Report Overview
More informationNAI MEMBER NAME. NAI Earle Furman, LLC
NAI MEMBER NAME NAI Earle Furman, LLC Retail Office Report Second First Quarter Quarter 20072009 Upstate Market TRENDS: Vacancy Rate Net Absorption UPSTATE STATISTICS: Number of Buildings...7,443 Market
More information11.0% 10.5% 10.0% 9.5% 9.0% 8.5% 8.0% $4.00 $3.75 $3.50 $3.25 $3.00 $2.75 $2.50 $2.25 $2.00
TRENDS: Q4 2012 UPSTATE, SOUTH CAROLINA INDUSTRIAL MARKET REPORT LOCAL UPSTATE ECONOMY Population: 1,375,759 Population Change: 27% increase since 1990 Labor Force: 632,670 Unemployed: 50,696 Unemployment
More informationNAI MEMBER NAME. NAI Earle Furman, LLC
NAI MEMBER NAME NAI Earle Furman, LLC Retail Office Report Third First Quarter 27 21 Upstate Market TRENDS: Vacancy Rate Net Absorption Construction Asking Rents UPSTATE STATISTICS: Number of Buildings...8,34
More informationTenant: Property Type: Size (SF): Submarket: Badcock Furniture & Appliances Neighborhood Center 19,880 SF Anderson
NAI Earle MEMBER Furman, NAME LLC Retail Office Report First Third Quarter 2007 2008 Upstate Market TRENDS: STATISTICS: Vacancy Rate Net Absorption Number of Buildings...6,831 Market Size (SF)...69,391,404
More informationCHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP
CHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP SECOND QUARTER NEWSLETTER 216 HOT TOPICS Capital markets remain a focus with 14 assets either under contract or sold totaling $2.6 billion, which includes
More informationNAI MEMBER NAME. NAI Earle Furman, LLC. Retail Office Report First Quarter
NAI MEMBER NAME NAI Earle Furman, LLC Retail Office Report First Quarter 27 21 Upstate Market TRENDS: Vacancy Rate Net Absorption UPSTATE STATISTICS: Number of Buildings...8,225 Market Size (SF)...77,262,468
More informationThe Upstate, South Carolina
The Upstate, South Carolina Investment Progressing with Infrastructure and Manufacturing Expansions Following a trend started in 2015, net absorption remains positive, but has slowed pace in the last two
More informationNew development will attract retailers
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q2 2018 New development will attract retailers Crystal Baker Research Coordinator South Carolina Key Takeaways > > Retail space within
More informationStrong Absorption Drives Down Vacancy to Start 2017
Research & Forecast Report GREATER PHOENIX INDUSTRIAL 2017 Strong Absorption Drives Down to Start 2017 Key Takeaways >> Industrial vacancy in Greater Phoenix dipped below 10 percent in the first quarter,
More information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More informationStrengthening Market Fuels Investment Opportunities
Research & Forecast Report GREENVILLE, SC OFFICE Q3 2016 Strengthening Market Fuels Investment Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> Investment sale opportunities
More information>> 2016 Off to A Good Start for Tri-Cities
Research & Forecast Report TRI-CITIES OFFICE Q1 216 Accelerating success. >> 216 Off to A Good Start for Tri-Cities Key Takeaways > The Tri-Cities office market saw vacancy decline for the seventh consecutive
More information1Q17: 418,421 SF -128,634 SF in 4Q16. $3.52 $3.43 in 4Q % Down from 7.5% in 4Q16. $4.05 $3.90 in 4Q16. Columbia Industrial Market Report
1Q17: Columbia Industrial Market Report VACANCY 8.1% 3,919,507 SF of vacant industrial space NET ABSORPTION 418,421 SF -128,634 SF in 4Q16 AVERAGE RENTAL RATE $3.43 in 4Q16 VACANCY: CLASS A 0.4% Down from
More information>> Greater Los Angeles Retail Ends 2016 With Mixed Results
Research & Forecast Report GREATER LOS ANGELES RETAIL Q4 2016 Accelerating success. >> Greater Los Angeles Retail Ends 2016 With Mixed Results Greater Los Angeles Retail Market The Los Angeles Basin retail
More information1Q 17. Long Island Market Report
1Q 17 Long Island Market Report Long Island Office 1Q 217 Long Island 1Q17 Office Office Report The Long Island Office market ended the first quarter 217 with a vacancy rate of 7.1%. The vacancy rate was
More informationSacramento Office MarketView Q3 2014
Sacramento Office MarketView Q3 2014 CBRE Global Research and Consulting UNEMPLOYMENT RATE 7.0% VACANCY RATE 19.4% NET ABSORPTION 123,907 sq. ft. AVG ASKING LEASE RATE $1.69 per sq. ft. FSG COMPLETED CONSTRUCTION
More informationChicago s industrial market thrives during the third quarter.
CHICAGO INDUSTRIAL MARKET MONITOR THIRD QUARTER 2015 Chicago s industrial market thrives during the third quarter. Demand across the Chicago industrial market remains high sending absorption up and vacancy
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
ORANGE COUNTY INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 2.3% Overall Vacancy 2.7% Lease Rate NNN $.91 Gross Absorption Under Construction MARKET TRENDS Current Quarter 4,283,991 SF 963,138
More information2018: A Ground Breaking Year
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q4 2017 2018: A Ground Breaking Year > Office inventory: 8,527,819 > Vacancy: 10.6 percent > Net absorption: 310,934 year-to-date The Northern
More information17th Annual Real Estate Review & Forecast
2017 17th Annual Real Estate Review & Forecast This Year s Sponsors Member FDIC Construction: Review & Forecast 2017 Page 2 Permits Issued 142 New Commercial Construction Permits issued for all Elkhart
More information2Q 17. Long Island Market Report
2Q 17 Long Island Market Report Long Island Office 2Q 217 Long Island 2Q17 Office Office Report The Long Island Office market ended the second quarter 217 with a vacancy rate of 7.2%. The vacancy rate
More information>> Greater Los Angeles Retail Starts 2016 On a Positive Note
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Starts 2016 On a Positive Note Greater Los Angeles Retail Market The Los Angeles Basin retail market
More informationSecond Quarter Industrial Market Report 2017
Second Quarter Industrial Market Report 2017 03 04 04 04 05 06 08 09 10 11 13 Executive Summary National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental
More informationDirect Vacant (SF) Vacancy Rate (%) Grand Total ,816,898 4,632,760 4,123, % 245,399 66,997 66,997
1st Quarter 213 $25 Market Highlights With the impending move of Pinnacle leaving the market next quarter, the Memphis Office market was able to start the year on a positive note, posting nearly 67, SF
More information+48.6 million sf office inventory
Research Market Report METROPOLITAN MILWAUKEE OFFICE 2018 Quarter 1 Research Wisconsin Introduction Following a strong second half of 2017, 2018 had a slow start. Despite an increase in vacancy and negative
More information3 RD QUARTER 2015 RICHMOND RETAIL MARKET REPORT FORECAST 5.7% VACANCY 509,220 SF UNDER CONSTRUCTION 370,165 SF NET ABSORPTION
3 RD QUARTER 2015 RICHMOND RETAIL MARKET REPORT FORECAST As 2015 winds down, the vacancy rates are approaching an all time low. Retail inventory is down causing an increase in construction with national
More informationINDUSTRIAL MARKET REPORT. San Antonio. 4th Quarter Q4 Market Trends 2016 by Xceligent, Inc. All Rights Reserved
INDUSTRIAL MARKET REPORT San Antonio 4th Quarter 2015 Table of Contents/ Methodology of Tracked Set Xceligent is a leading provider of verified commercial real estate information which assists real estate
More informationLandlords Getting Aggressive
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2017 Landlords Getting Aggressive Ron Anderson Vice President of Administration South Carolina Key Takeaways > > Landlords
More informationHouston Summer Retail. Office. July 2016 Commercial Markets. Independent Valuations for a Variable World Page 1. Summary Q1 Statistics
July 2016 Commercial Markets In This Issue Commercial Markets Retail Office Industrial Multifamily Housing Trends Single Family Housing Lot Supply & New Home Data % 10% 8% 6% 4% 2% 0% Retail 2007 Q1 2008
More information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More informationMARKET INSIGHT LOUISVILLE, KENTUCKY MULTIFAMILY REPORT THIRD QUARTER 2017
CUSHMAN & WAKEFIELD COMMERCIAL KENTUCKY LOUISVILLE MULTIFAMILY RESEARCH MARKET INSIGHT MULTIFAMILY REPORT THIRD QUARTER 217 The Cushman & Wakefield Commercial Kentucky Multifamily Research Team provides
More informationThe CoStar Office Report
The CoStar Office Report Y E A R - E N D 2 0 0 8 YEAR-END 2008 PHOENIX Table of Contents Table of Contents.................................................................... A Methodology........................................................................
More informationChicago s industrial market thrives during the second quarter.
Economic Overview CHICAGO INDUSTRIAL MARKET MONITOR SECOND QUARTER 2015 Chicago s industrial market thrives during the second quarter. Demand across the Chicago industrial market remains high sending absorption
More informationQuick Absorption of Newly Constructed Office Buildings
Research & Forecast Report CHARLESTON, SC OFFICE Q3 2016 Quick Absorption of Newly Constructed Office Buildings Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> The Interstate 526
More informationWashington DC Market Office Report
Washington DC Market Office Report Market Overview The Office Market The Washington Office Market includes the District of Columbia and adjacent suburban submarkets in Maryland and Virginia. The Washington
More informationOFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
VENTURA COUNTY OFFICE THIRD QUARTER 217 QUICK STATS Direct Vacancy 13.9% Overall Vacancy 14.3% Lease Rate FSG $2.25 Gross Absorption Under Construction MARKET TRENDS Current Quarter 34,43 SF 18,112 SF
More information2Q 16. Long Island Market Report
2Q 16 Long Island Market Report Long Island Office 2Q 216 Long Island 2Q16 Office Office Report The Long Island Office market ended the second quarter 216 with a vacancy rate of 7.5%. The vacancy rate
More informationIndianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE
INDIANAPOLIS OFFICE Economic Indicators Market Indicators (Direct, All Classes) Direct Net Absorption/Direct Asking Rent 4-QTR TRAILING AVERAGE Direct Vacancy Q3 17 Q3 18 MSA Employment 1.05M 1.07M MSA
More informationMiami-Dade County Office Market Report 1Q Real Capital Partners Real Estate Services
-Dade County Office Report 1Q 216 Real Capital Partners Real Estate Services 1Q 216 -Dade County Office Report Overview -Dade County s Vacancy Increases to 1.4% Net Negative (11,64) SF in the Quarter The
More informationThe CoStar Industrial Report
The CoStar Industrial Report M I D - Y E A R 2 0 1 0 Houston Industrial Market Houston Industrial Market MID-YEAR 2010 HOUSTON Table of Contents Table of Contents....................................................................
More information2Q 17. Office Market Report
2Q 17 Office Market Report Low vacancy rates and steady rental rates characterize the Portland office market Portland s office market has reached a level of strength not seen since the great recession.
More information3 RD QUARTER 2016 RICHMOND RETAIL MARKET REPORT FORECAST 5.3% VACANCY 349,524 SF UNDER CONSTRUCTION (137,905) SF NET ABSORPTION
3 RD QUARTER 2016 RICHMOND RETAIL MARKET REPORT FORECAST All signs indicate a stabilized market that continues to support well-located new development. The majority of absorption in the 3rd quarter was
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
PHOENIX, ARIZONA INDUSTRIAL THIRD QUARTER 217 QUICK STATS Direct Vacancy 8.7% Overall Vacancy 9.% Lease Rate NNN $.54 Gross Absorption Under Construction MARKET TRENDS Current Quarter 5,991,128 SF 4,751,494
More informationOFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
LOS ANGELES SAN GABRIEL VALLEY OFFICE SECOND QUARTER 218 QUICK STATS Direct Vacancy 11.1% Overall Vacancy 11.4% Lease Rate FSG $2.32 Gross Absorption Under Construction MARKET TRENDS Current Quarter 345,68
More informationMiami-Dade County Retail Market Report 4Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Retail Market Report
Miami-Dade County Retail Market Report 4Q 216 Real Capital Partners Real Estate Services *Data Source CoStar 4Q 216 Miami-Dade County s Vacancy Decreases to 4.% Net Absorption Positive 1,155,8 SF in the
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
INLAND EMPIRE INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 5.1% Overall Vacancy 5.3% Lease Rate NNN $.57 Gross Absorption Under Construction MARKET TRENDS Current Quarter 9,23,744 SF 16,31,563
More informationSecond Quarter Retail Market Report 2017
Second Quarter Retail Market Report 2017 03 04 04 04 04 05 06 07 08 10 Executive Summary National Economy Local Economy Oklahoma City Retail Market Leasing Net Absorption and Inventory Rental and Vacancy
More informationUpstate SC on Track for Retail Growth
Research & Forecast Report GREENVILLE, SC RETAIL Q1 2015 Upstate SC on Track for Retail Growth Jessica Rahal Research Coordinator South Carolina Key Takeaways > > Vacancy and asking rental rates remained
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS. Current Quarter. Direct Vacancy 2.
ORANGE COUNTY INDUSTRIAL SECOND QUARTER 218 QUICK STATS Direct Vacancy 2.2% Overall Vacancy 2.5% Lease Rate NNN $.95 Gross Absorption Under Construction MARKET TRENDS Current Quarter 2,956,71 SF 1,367,18
More informationMARKET SUMMARY MICHIGAN, METRO DETROIT AREA FOURTH QUARTER 2016 P LAN T E M OR AN CRES A. pmcresa.com
FOURTH QUARTER 2016 MICHIGAN, METRO DETROIT AREA MARKET SUMMARY P LAN T E M OR AN CRES A 26300 NORTHWESTERN HIGHWAY SOUTHFIELD, MI 48076 248.223.3500 pmcresa.com Connect with us for more information: Subscribe
More informationMAR KET GLANCE SAN DIEGO OFFICE MARKET REPORT PROPERTY SERVICES DEVELOPMENT INVESTMENT FOURTH QUARTER 2015 PROPERTY SERVICES DEVELOPMENT INVESTMENT
AT A SAN DIEGO OFFICE MARKET REPORT FOURTH QUARTER 215 AT A NEW SUPPLY PUSHES VACANCY RATES HIGHER San Diego s regional economy has been buzzing and added a net total of 37,8 jobs in the 12 months ending
More information2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS
Market Report METRO DENVER OFFICE Q4 2017 2017: A Solid Year for the Metro Denver Office Sector MARKET OVERVIEW Denver s office market finished 2017 with strong positive absorption during the fourth quarter
More informationWisinski of West Michigan. Market Report. Greater Kalamazoo Q Office Industrial Retail Multi-Family
Wisinski of West Michigan Market Report Greater Kalamazoo Q2-2017 Office Industrial Retail Multi-Family KALAMAZOO, MI The Market 262,866 Population $47,695 Median Household Income 35.1% Workforce with
More informationThe CoStar Office Report
The CoStar Office Report T H I R D Q U A R T E R 2 0 1 2 THIRD QUARTER 2012 PHOENIX Table of Contents Table of Contents.................................................................... A Methodology........................................................................
More informationThe CoStar Office Report. T h i r d Q u a r t e r Greensboro/Winston-Salem Office Market
The CoStar Office Report T h i r d Q u a r t e r 2 0 1 4 Greensboro/Winston-Salem Office Market Third Quarter 2014 Greensboro/Winston-Salem Table of Contents Table of Contents.................................................................
More informationOFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
LOS ANGELES CENTAL/SOUTHEAST OFFICE THIRD QUARTER 218 QUICK STATS Direct Vacancy 14.7% Overall Vacancy 15.2% Lease Rate FSG $3.16 Gross Absorption Under Construction MARKET TRENDS Change from Last Quarter
More informationCoStar Industrial Statistics. Y e a r - E n d Brownsville/Harlingen Industrial Market
CoStar Industrial Statistics Y e a r - E n d 2 0 1 7 Brownsville/Harlingen Industrial Market Brownsville/Harlingen Industrial Market Year-End 2017 Brownsville/Harlingen Table of Contents Table of Contents.................................................................
More informationCoStar Industrial Statistics. Y e a r - E n d McAllen/Edinburg/Pharr Industrial Market
CoStar Industrial Statistics Y e a r - E n d 2 0 1 7 McAllen/Edinburg/Pharr Industrial Market Year-End 2017 McAllen/Edinburg/Pharr Table of Contents Table of Contents.................................................................
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
VENTURA COUNTY INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 2.1% Overall Vacancy 2.4% Lease Rate NNN $.7 Gross Absorption Under Construction MARKET TRENDS Current Quarter 1,332,957 SF 774,362
More informationFirst Quarter Industrial Market Report 2017
First Quarter Industrial Market Report 2017 03 04 04 04 05 06 08 09 10 11 13 Executive Summary National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental
More informationNEW CLASS A RETAIL SPACE FOR LEASE. West Columbia, South Carolina. Offering Memorandum
NEW CLASS A RETAIL SPACE FOR LEASE West Columbia, South Carolina Offering Memorandum TABLE OF CONTENTS: Company Overview 3 Disclaimer 3 Lease Overview Property Highlights 4 Regional Map 5 Local Aerial
More informationRetail Market Rings in the New Year with Strong Momentum
Research & Forecast Report GREENVILLE, SC RETAIL Q1 2016 Retail Market Rings in the New Year with Strong Momentum Jessica Rahal Director of Research South Carolina Key Takeaways > > The vacancy rate for
More informationThe CoStar Office Report
The CoStar Office Report Y E A R - E N D 2 0 0 9 YEAR-END 2009 SALT LAKE CITY Table of Contents Table of Contents.................................................................... A Methodology........................................................................
More informationOffice Pad for Sale 330-C Pelham Road
Office Pad for Sale 330-C Pelham Road FOR SALE Pelham Professional Office Park, Greenville, SC Build to suit available for qualified tenants - proposed building below: 101 E Washington Street, Suite 400
More informationOFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
INLAND EMPIRE OFFICE THIRD QUARTER 217 QUICK STATS Direct Vacancy 11.4% Overall Vacancy 11.7% Lease Rate FSG $1.83 Gross Absorption Under Construction MARKET TRENDS Current Quarter 529,634 SF 45,24 SF
More informationGSA office market is primed for new major tenants
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q1 2018 GSA office market is primed for new major tenants Crystal Baker Research Coordinator South Carolina Key Takeaways
More informationOFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
LOS ANGELES NORTH OFFICE FOURTH QUARTER 217 QUICK STATS Direct Vacancy 11.8% Overall Vacancy 12.5% Lease Rate FSG $2.75 Gross Absorption Under Construction MARKET TRENDS Current Quarter 1,6,941 SF 89,158
More informationColliers International Indiana Region
Colliers International Indiana Region FIRST QUARTER 2011 INDUSTRIAL MARKET REPORT Q1 2011 INDUSTRIAL COLLIERS INTERNATIONAL INDIANA REGION RESEARCH & FORECAST REPORT Flourishing Developments and Company
More informationOFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
ORANGE COUNTY OFFICE THIRD QUARTER 217 QUICK STATS Direct Vacancy 12.1% Overall Vacancy 12.9% Lease Rate FSG $2.61 Gross Absorption Under Construction MARKET TRENDS Current Quarter 2,479,293 SF 379, SF
More informationMiami-Dade County Retail Market Report 3Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Retail Market Report
Miami-Dade County Retail Market Report 3Q 216 Real Capital Partners Real Estate Services *Data Source CoStar Miami-Dade County Retail Market Report 3Q 216 Miami-Dade County Retail Market Report Overview
More informationCoStar Office Statistics. Y e a r - E n d McAllen/Edinburg/Pharr Office Market
CoStar Office Statistics Y e a r - E n d 2 0 1 7 McAllen/Edinburg/Pharr Office Market Year-End 2017 McAllen/Edinburg/Pharr Table of Contents Table of Contents.................................................................
More informationBy: Jimmy Wright, Retail Division Broker & Principal
NAIEarle MEMBER NAI Furman,NAME LLC OfficeReport Report Fourth First Quarter 27 Retail Quarter 211 Upstate Market TRENDS: Vacancy Rate Net Absorption UPSTATE STATISTICS: Number of Buildings...9,38 Market
More informationMetropolitan Milwaukee Office Market Report Third Quarter 2015
Metropolitan Milwaukee Office Market Report Third Quarter 2015 RETAIL OFFICE INDUSTRIAL LAND INVESTMENT NAI MLG COMMERCIAL 414 347 9400 757 N BROADWAY, SUITE 700, MILWAUKEE, WI 53202 MLGCOMMERCIAL.COM
More informationStrong Development Expanding the Market
Research & Forecast Report GREENVILLE, SC RETAIL Q2 2016 Strong Development Expanding the Market Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > The primary retail corridors Woodruff
More informationLos Angeles Basin Retail Market Continues To Witness Decreasing Vacancy Rates
RETAIL GREATER LOS ANGELES BASIN MARKET REPORT Continues To Witness Decreasing Vacancy Rates MARKET INDICATORS - VACANCY 6. NET ABSORPTION 588,800 CONSTRUCTION 3,312,470 RENTAL RATE $2.04 P NNN UNEMPLOYMENT
More informationIndianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE
INDIANAPOLIS OFFICE Economic Indicators Q2 17 Q2 18 MSA Employment 1.1M 1.1M MSA Unemployment 3.3% 3.0% U.S. Unemployment 4.3% 3. Market Indicators (Direct, All Classes) Q2 17 Q2 18 Total Market Vacancy
More informationMARKET WATCH SOUTHERN CALIFORNIA & PHOENIX
SOUTHERN CALIFORNIA & PHOENIX COMMERCIAL REAL ESTATE MARKET FOURTH QUARTER 217 MARKET WATCH SOUTHERN CALIFORNIA & PHOENIX 1.888.659.DAUM WWW.DAUMCOMMERCIAL.COM D/AQ Corp. # 1129558 DAUM TABLE OF CONTENTS
More informationHomestretch: Office Market Set to Finish Strong
Research & Forecast Report RENO OFFICE Q3 2016 Homestretch: Office Market Set to Finish Strong >> Vacancy drops significantly the largest drop quarter over quarter in 2016 >> Rental rates are not increasing
More informationThe Market Is Energized By Increased Development In Hollywood
OFFICE CENTRAL LOS ANGELES MARKET REPORT The Market Is Energized By Increased Development In Hollywood MARKET OVERVIEW MARKET INDICATORS - VACANCY 20.5% NET ABSORPTION 24,100 CONSTRUCTION 574,000 RENTAL
More informationNAI Earle Furman, LLC 1st Quarter 2011 Newsletter
NAI Earle Furman, LLC 1st Quarter 2011 Newsletter CELEBRATING 25 YEARS BY: EARLE FURMAN, SIOR - President and broker in charge I cannot believe that we are celebrating our 25th anniversary this year. I
More informationLos Angeles Basin Retail Market Witnessed A Slight Increase In Vacancy Rates
RETAIL GREATER LOS ANGELES BASIN MARKET REPORT Witnessed A Slight Increase In Vacancy Rates MARKET INDICATORS - VACANCY 6.2% NET ABSORPTION -551,200 CONSTRUCTION 1,946,000 RENTAL RATE $1.96 P NNN UNEMPLOYMENT
More informationLEHIGH VALLEY COMMERCIAL REAL ESTATE REPORT OFFICE & INDUSTRIAL MARKETS
www.lehighvalley.org LEHIGH VALLEY COMMERCIAL REAL ESTATE REPORT OFFICE & INDUSTRIAL MARKETS ISSUE # 014 Q2 2018 One of the core principles of the Lehigh Valley Economic Development Corporation (LVEDC)
More informationColumbus MARKETBEAT. Office Q2 2017
COLUMBUS OFFICE Economic Indicators Market Indicators Q2 16 Q2 17 Unemployment 4.0% 3.9% Ohio Unemployment 5.0% 5.0% U.S. Unemployment 4.9% 4.4% Q2 16 Q2 17 Overall Vacancy 13.3% 13.4% 212K -80K Construction
More informationRALEIGH-DURHAM MULTIFAMILY Q Unprecedented Investment Sales Crush All-Time Records in Research & Forecast Report.
Research & Forecast Report RALEIGH-DURHAM MULTIFAMILY Q4 2015 Unprecedented Investment Sales Crush All-Time Records in 2015 Market Indicators Relative to prior period - Q4 2014 - Q4 2015 Emily Bostic Research
More informationFirst Quarter 2017 Industrial Market Report. Chicago. Economic Overview
Chicago Market Facts 5.3% Chicago s unemployment rate continued to trend downward. Recorded at 5.3% as of February 2017. 17 MSF The number of completed projects increased to 5.1 msf and projects currently
More information