245 W. Lodge Drive Tempe, AZ 85283

Size: px
Start display at page:

Download "245 W. Lodge Drive Tempe, AZ 85283"

Transcription

1 245 W. Lodge Drive Tempe, AZ Prepared For: Kevin Czerwinski Nicholaus Fischer Prepared By: Stein Koss, SIOR & Tom Louer, SIOR JUNE 2016

2 LEE & ASSOCIATES ARIZONA TABLE OF CONTENTS I. The Koss Louer Team Q1 Phoenix Industrial News II. Available Competition III. Lease Comparables IV. Lee & Associates Q1 Industrial Market Report V. Value & Recommendations

3 Phoenix Industrial News Q THE KOSS LOUER TEAM Market Highlights: The Phoenix Industrial sector started 2016 with a solid market performance, fueled by a robust finish to Net absorption is historically modest at the start of the new year and could indicate a strong year ahead. The construction pipeline remains steady with Your real estate solution providers Landlord Tenant Representation Seller Buyer Representation Build-to-Suit Consulting Supply Chain Solutions a mix of spec and built-to-suit projects with nearly 2 million square feet delivered in this quarter. Rental rates, however, remained flat overall this past quarter with modest increases primarily in the Airport and Southeast Valley submarkets. We won t just tell you we ll get the job done... We ll show you STEIN KOSS, SIOR PRINCIPAL (602) Direct (602) Cell skoss@leearizona.com TOM LOUER, SIOR PRINCIPAL (602) Direct (602) Cell tlouer@leearizona.com VICTORIA BENAVIDEZ MARKETING COORDINATOR (602) Direct vbenavidez@leearizona.com Over the past twenty-five years, Stein Koss and Tom Louer have been involved in over 1,200 transactions, having leased or sold over 84 million square feet with a combined consideration of over $1 billion dollars. Their clients benefit from their energy, focus, market knowledge and the ability to create value E. Camelback Road, Suite 100 Phoenix, Arizona, ph: fx: All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made to the accuracy thereof and same is submitted to errors, omissions, change of price, rental or other conditions prior to sale, lease or financing or withdrawal without notice. No liability of any kind is to be imposed on the broker herein.

4 Phoenix Industrial News AIRPORT SOUTHEAST VALLEY UPDATES THE KOSS LOUER TEAM Economic Indicators as of Q Prospect Industrial Needs SF 2016 Unemployment U.S. Down to 5.0% Arizona Steady at 6.0% Phoenix Metro Down to 5.0% U.S. Consumer Price Index Down 0.2% Gross Domestic Product (GDP) Up to 1.4% 200, , ,999 75,000-99,999 50,000-74,999 25,000-49,999 Under 25,000 Unknown Source: Bureau of Labor Statistics, Bureau of Economic Analysis of the U.S. Dept. of Commerce. THE KOSS LOUER TEAM After a nine (9) month escrow, Prologis successfully closed on a four (4) building portfolio on approximately 15 acres of land in The Center. The total size was approximately 337,042 square feet. The property is situated on a ground lease with the City of Phoenix. Jim Harrison has ±250,000 square feet under construction on two (2) buildings at 443 E. Buckeye Road and one (1) building at 1502 E. Buckeye Road. These spec industrial buildings are scheduled to be completed in August. The City of Phoenix has pre-leased ±33,000 square feet at 443 E. Buckeye Road. Trane leased 10,500 SF at Park Lucero, east of the NEC of Germann and Gilbert Road. The 89-month lease is scheduled to commence this May. Building C, 220 E. Germann is now 100% occupied. The adjacent 87,876 square foot building, Building B has two (2) pending deals in the LOI stage. Orbital committed to a 120-month lease at Gilbert Spectrum. The 64,000 square foot 10-year build-to-suit will be at the SWC of McQueen & Elliot Road in Gilbert, Arizona. SunCap will be the owner. Graycor has been selected as the general contractor. In February, Clarius Partners and Evergreen Partners closed on acres at the SEC of University and 16th Street in Phoenix. Butler Design Group and Sun State Builders have been engaged to build two (2) spec industrial buildings totaling approximately 201,000 square feet. The land price was $8.30 PSF. Scientific Games Corporation provides gambling products and services to gaming organizations worldwide leased ±17,640 square feet at the Airport I-10 Business Park for 126 months. The word is they will most likely exercise their option for additional space, therefore occupying close to 50,000 square feet.

5 Phoenix Industrial News CENTRAL SOUTHWEST VALLEY UPDATES THE KOSS LOUER TEAM Rental Rates Per month, Absorption/Vacancy in SF, Buyer Type Q1 16 Sales $0.70 $0.65 $0.60 $0.55 $0.50 $0.45 $0.66 $0.62 $0.48 $0.50 $0.52 $0.54 Millions % 9.7% 14.2% 12.6% 20.0% 16.0% 10.7% 12.0% 8.0% 4.0% 28% 10% 15% 46% $ YTD Asking Triple Net Rates Per Month YTD Absorption Vacancy 0.0% User Institutional REIT/Public Private Private Equity Dircks leased 108,000 square feet at 860 S. 83rd Avenue for three (3) years. Commencement date was January 1, ,000 square feet was airconditioned warehouse. Four months into their lease they took an additional 60,000 square feet on a month-tomonth basis. Committed to 142,146 square feet at 9310 W. Buckeye Road. The 386,100 square foot building was developed by Merit Partners and First Industrial Realty. The 10 year lease commenced in January 2016 THE KOSS LOUER TEAM The Koss Louer Team represent Shurjoint piping USA at 4703 W. Brill Street Owned by Clarion. The 40,000 square foot lease was for thirty-nine (39) months. Shurjoint is a world leader in mechanical piping components. They are headquartered in Georgia. Leased 20,164 SF at 1800 S. 7th Avenue to SynScapes of Arizona. The five (5) year lease is scheduled to start in June Building 1 at Parc 17 is now 47.8% occupied. SynLawn will distribute and display synthetic grass at this location. THE KOSS LOUER TEAM Koss Louer Team sold Overton Moore a ±76,950 square feet distribution building back in In Feb of 2016 they sold the building to W & L Investments (Willie Itule Produce). The property is located at 301 N. 45th Avenue and sits on approximately 5.4 acres. The property will serve as the produce companies new corporate headquarters. EastGroup Properties leased 42,837 square feet at their S. 35th Avenue distribution facility. The sixty-two (62) month lease is scheduled to commence May 1, THE KOSS LOUER TEAM

6 SECURED Phoenix Industrial News FEATURED LISTINGS THE KOSS LOUER TEAM SKY HARBOR DIST CENTER 1720 E. GRANT ST. PHOENIX, AZ UNDER NEW OWNERSHIP FOR LEASE 175,366 SF PARC S. 7 TH ST. BLDG. 3 PHOENIX, AZ CLASS A INDUSTRIAL BUILDING FOR SALE 44,589 SF ALLRED AIRPORT CENTER I 2440 E. GERMANN RD. CHANDLER, AZ IMMEDIATE OCCUPANCY FOR LEASE YARD ENTRY CITY CENTER AIRPARK GILBERT, AZ BUILD-TO-SUIT AVAILABLE 159 ACRES 2120 W. GUADALUPE RD. GILBERT, AZ FOR LEASE 45,000 SF SOUTH PARK INDUSTRIAL 280 N. ROOSEVELT AVE. CHANDLER, AZ 100% A/C FOR LEASE 69,886 SF TEN SKY HARBOR 3801 S. 36TH ST. PHOENIX, AZ MOVE-IN READY FOR LEASE 64,014 SF MADISON S. 51 ST ST. PHOENIX, AZ DISTRIBUTION/ MANUFACTURING SPACE FOR LEASE 110,710 SF FIESTA TECH CENTER 1388 N. TECH BLVD. GILBERT, AZ LAB AND CLEAN ROOM SPACE FOR LEASE 43,619 SF DID YOU KNOW? March 6 REMEMBER THE ALAMO! STORM WINDS OF TYRANNY BLEW across Texas in early In those days the region was a part of Mexico, where General Santa Anna had seized power and made himself dictator. Texans weren t willing to submit to his rule, so Santa Anna Marched north with an army. In San Antonio a small band gathered to make their stand at the Alamo, an old Spanish mission turned into a fort. They were tough characters, men who had settled a wild frontier. With them was the famous Davy Crockett from Tennessee. The Mexican army arrived and demanded the Alamo s surrender. The Texans answered with a cannon shot. Santa Anna ordered a red flag raised, a signal meaning We will take no prisoners. Colonel William Travis, commander of the Alamo dispatched messengers bearing appeals for reinforcements. Our flag still waves proudly from the walls, he wrote. I shall never surrender nor retreat Victory or death! Only 32 men made their way through the enemy lines to join the Texans at the Alamo. That brought the number of defenders to about 189. The Mexican army, meanwhile, swelled to perhaps 5,000. Legend says that Travis called his men together, drew a line in the dust with his sword, and announced that those who wanted to stay and fight should step over the line. Every man but one crossed over. The attack came early the next morning, on March 6, For a while, the Texans managed to hold the Mexican army back, but soon Santa Anna s soldiers swarmed over the walls. All of the Alamo s defenders were killed. The Texans weren t finished. On April 21, troops commanded by Sam Houston attacked and broke Santa Anna s army. Remember the Alamo! was their battle cry a cry that still reminds Americans of unyielding courage and sacrifice for freedom. STEIN KOSS, SIOR PRINCIPAL (602) Direct (602) Cell skoss@leearizona.com TOM LOUER, SIOR PRINCIPAL (602) Direct (602) Cell tlouer@leearizona.com VICTORIA BENAVIDEZ MARKETING COORDINATOR (602) Direct vbenavidez@leearizona.com NICK NUDO INDUSTRIAL PROPERTIES (602) Direct nnudo@leearizona.com

7 245 W. LODGE AVAILABLE COMPETITION - JUNE 2016 NO. PROPERTY SIZE (SF) AVAILABLE (SF) BROKER RATE COMMENTS W. Fairmount Drive Tempe, AZ 35,943 SF 35,943 SF Leroy Breinholt David Bean $0.55 NNN OP EX: $ Clear Height +/- 4,162 SF Mezzanine Office Three (3) Grade Level Doors For Sale $95.00 PSF 1117 W. Fairmount Drive.pdf S. Roosevelt Street Tempe, AZ 34,470 SF 34,470 SF Leroy Breinholt David Bean $0.55 NNN OP EX:$ Clear Height +/- 7,670 SF Office Two (2) Grade Level Doors For Sale $89.00 PSF 2210 S. Roosevelt Street.pdf S. Edward Drive Tempe, AZ ,560 SF 38,560 SF Haenel/Markham $0.55 NNN OP EX: $ Clear Height +/- 4,500 Office Three (3) Dock High Doors Two (2) Grade Level Doors 1045 S. Edward Drive.pdf N. 54 th Street (Bldg. 2) Chandler, AZ 42,802 SF 42,802 SF Orcutt/Grady $0.65 NNN OP EX: $ Clear Height Four (4) Dock High Three (3) Grade Level Doors NFS Chandler10_Brochure Booklet.pdf N. 54 th Street (Bldg. 6) Chandler, AZ 39,538 SF 39,538 SF Orcutt/Grady $0.50 NNN OP EX: $ Clear Height Eleven (11) Dock High Doors Two (2) Grade Level Doors NFS Chandler10_Brochure Booklet.pdf

8 MCDOWELL RD. 202 SALT RIVER INDIAN COMMUNITY VAN BUREN ST. 245 W. Lodge Competitive Properties MCKELLIPS RD. 101 WASHINGTON ST W. Fairmount Drive Tempe, AZ S. Roosevelt Street Tempe, AZ S. Edward Drive Tempe, AZ N. 54th Street Chandler, AZ N. 54th Street Chandler, AZ BROWN RD. 143 UNIVERSITY DR. MCCLINTOCK DR. 1 RURAL RD. 2 MILL AVE. PRIEST DR. 48TH ST. 40TH ST. 32ND ST. 24TH ST. 16TH ST. 101 BROADWAY RD. SOUTHERN AVE. 60 BASELINE RD. RAY RD. 45 CHANDLER BLVD. KOSS LOUER TEAM GERMANN RD. QUEEN CREEK RD. 202 RECKER RD. HIGLEY RD. GREENFIELD RD. VAL VISTA DR. LINDSAY RD. GILBERT RD. COOPER RD. MCQUEEN RD. WARNER RD. ARIZONA AVE. 101 ALMA SCHOOL RD. ELLIOT RD. DOBSON RD. GUADALUPE RD. PRICE RD. 7TH ST. 3

9 Comparison Report LEASE COMPARABLES June 22, 2016 Building Name Submarket Tenant Trans. Date Size Term (Mos.) Rate Structure T.I. Lease Type Features Comments Address Landlord Start Date Effective Rate Expenses 525 W. Baseline Road 525 W. Baseline Road Continental Tech Center 955 N. Fiesta Blvd. Southeast Southeast The Floor Stone Inc. RRS & Company SCP Distributors LLC Clarion ,140 SF 24 Mos. Mos $0.440 Eff. Rate: $ ,649 SF 74 Mos. Mos $0.540 Mos $0.550 Mos $0.560 Mos $0.570 Mos $0.580 Mos $0.590 As-Is NNN Truckwell Grade Level Yard EVAP $4.00 SF NNN Grade Level Dock Hi Year Built: 1999 Clear Height: 23'-25' Year Built: 1988 Clear Height: 30' Tenant has dead storage immediately until TI's are completed. Eff. Rate: $0.57 Tempe Commerce Park 7350 S. Kyrene Road Troxell Communications 4830 S. 38th St. Canal Crossing Logistics Center 5670 S. 32nd St. Tempe Kitchell Development Invesco United Printing & Mailing LLC Jim Troxell, LLC Keystone Automotive Industries Bixby Land Company ,641 SF 38 Mos. Mos. 1-2 $0.000 Mos $0.380 Mos $0.391 Mos $0.403 Eff. Rate: $ ,920 SF 36 Mos. Mos $0.630 Mos $0.650 Mos $0.670 Eff. Rate: $ ,054 SF 144 Mos. Mos $0.480 Mos $0.492 Mos $0.504 Mos $0.517 Mos $0.543 Mos $0.557 Mos $0.571 Mos $0.585 Mos $0.599 Mos $0.614 Mos $0.629 Mos $0.645 $1.00 SF NNN Dock Hi 24' Clear Height Year Built: Dock Doors 6,958 SF Existing Office As-Is NNN Grade Level Year Built: 1986 Clear Height: 20' $6.50 SF NNN Dock Hi Year Built: 2015 Clear Height: 30' Eff. Rate: $0.56 Page 1/4

10 Comparison Report LEASE COMPARABLES June 22, 2016 Building Name Submarket Tenant Trans. Date Size Term (Mos.) Rate Structure T.I. Lease Type Features Comments Address Landlord Start Date Effective Rate Expenses 2605 W. 1st St W. 1st St. Tempe Door Works, Inc. The Donkersloot Family Trust ,690 SF 120 Mos. Mos $0.470 Mos $0.490 Mos $0.510 Mos $0.530 Mos $0.550 Mos $0.570 Mos $0.590 Mos $0.610 Mos $0.630 Mos $0.650 As-Is NNN Grade Level Year Built: 1975 Clear Height: 20' Tenant has option to purchase. Eff. Rate: $0.56 El Dorado Tech Center 1090 N. Fiesta Blvd E. University Southeast Clopay Irwin G. Pasternack Pepperidge Farms EastGroup Properties ,240 SF 39 Mos. Mos. 1-3 $0.000 Mos $0.550 Mos $0.560 Mos $0.580 Eff. Rate: $ ,488 SF 64 Mos. Mos. 1-4 $0.000 Mos $0.580 Mos $0.594 Mos $0.608 Mos $0.623 Mos $0.638 $0.75 SF NNN Grade Level Dock Hi $9.00 SF NNN Grade Level Dock Hi Year Built: 1998 Clear Height: 24' Year Built: 2015 Clear Height: 24' New Construction Eff. Rate: $ E. Hadley St E. Hadley St. Cohen II 1818 E. Cir., Ste. 100 Xpress Global Systems, LLC DCT Industrial Trust Arizona Department of Child Safety Cohen Asset Management ,374 SF 36 Mos. Mos $0.380 Mos $0.400 Mos $0.420 Eff. Rate: $ ,100 SF 60 Mos. Mos $0.650 Eff. Rate: $0.65 $0.27 SF NNN Truckwell Grade Level Dock Hi $3.66 SF MOD GRS Truckwell Grade Level A/C Year Built: 2001 Clear Height: 24' Year Built: 2002 Clear Height: 25' 100% air conditioned space Page 2/4

11 Comparison Report LEASE COMPARABLES June 22, 2016 Building Name Submarket Tenant Trans. Date Size Term (Mos.) Rate Structure T.I. Lease Type Features Comments Address Landlord Start Date Effective Rate Expenses 1045 S. Edward Dr S. Edward Dr. Tempe Hercutech First Industrial Realty Trust, Inc ,560 SF 63 Mos. Mos. 1-3 $0.000 Mos $0.610 Mos $0.650 Mos $0.670 Mos $0.680 Mos $0.690 As-Is MOD GRS Truckwell Grade Level EVAP Year Built: 1976 Clear Height: 20' Eff. Rate: $ W. Guadalupe Rd W. Guadalupe Rd. Southeast Paragon Vision Sciences, Inc. The Terraden Corporation ,000 SF 120 Mos. Mos. 1-4 $0.000 Mos $0.540 Mos $0.570 Mos $0.590 Mos $0.620 Mos $0.650 $3.00 SF NNN Grade Level Dock Hi Year Built: 1995 Clear Height: 24' 20,000 SF of Office Eff. Rate: $ S. 56th Street 33 S. 56th Street Southeast Armorworks Enterpries LLC Reasons Aviations LLC ,569 SF 60 Mos. Mos $0.280 Mos $0.410 Mos $0.420 Mos $0.440 Mos $0.450 As-Is NNN Truckwell Grade Level Yard EVAP Year Built: 2007 Clear Height: 24' 30,000 SF of Yard Eff. Rate: $ E. Buckeye Rd E. Buckeye Rd. HD Supply Roberts Ranch Venture ,360 SF 60 Mos. Mos $0.350 Mos $0.361 Mos $0.371 Mos $0.382 Mos $0.394 $1.00 SF NNN Grade Level Dock Hi Yard Year Built: 1999 Clear Height: 24' Eff. Rate: $0.37 Airport I-10 Business Park 3000 S. 24th Street DHL Clarion Partners ,529 SF 63 Mos. Mos. 1-3 $0.000 Mos $0.540 Mos $0.556 Mos $0.572 Mos $0.589 Mos $0.606 Eff. Rate: $0.55 $13.00 SF NNN Grade Level Dock Hi EVAP Year Built: 2015 Clear Height: 30' New Construction *Approximately 4,000 SF of office, lights, evaps, and edge of dock levelers -Building E (South End) Page 3/4

12 Comparison Report LEASE COMPARABLES June 22, 2016 Building Name Submarket Tenant Trans. Date Size Term (Mos.) Rate Structure T.I. Lease Type Features Comments Address Landlord Start Date Effective Rate Expenses Airport I-10 Business Park 3000 S. 24th Street Pilot Air Clarion Partners ,824 SF 65 Mos. Mos. 1-5 $0.000 Mos $0.555 Mos $0.572 Mos $0.589 Mos $0.606 Mos $0.625 $14.00 SF NNN Grade Level Dock Hi EVAP Year Built: 2015 Clear Height: 30' New construction *2,000 SF office, lights, evaps, and edge of dock levelers -Building E Eff. Rate: $ W. Fairmont 730 W. Fairmont Tempe Norcraft Companies James and Judith Ryan Trust ,464 SF 60 Mos. Mos $0.310 Mos $0.320 Mos $0.330 Mos $0.340 Mos $0.350 As-Is NNN Dock Hi EVAP Year Built: 1981 Clear Height: 22' Eff. Rate: $0.33 Page 4/4

13 Q MARKET PHOENIX REPORT PHOENIX INDUSTRIAL CELEBRATING IN ARIZONA

14 l D A A A PRIEST DR. R URA L RD... Q Phoenix Industrial Market Overview Strong Absorption, Construction Bodes Well for Industrial Sector The Phoenix Industrial sector started 2016 with a solid market performance, fueled by a robust finish to Net absorption is historically modest at the start of a new year and could indicate a strong year ahead. The construction pipeline remains steady with a mix of spec and built-to-suit projects even with nearly 2 million SF delivered in this quarter alone. Vacancy rates have not been this low since Q1 2008, right when the economy was beginning to cool and nearly a year before the great recession began. Rental rates, however, remained flat overall this past quarter with modest increases primarily in the Airport and Southeast Valley submarkets. Leasing activity remains steady across most submarket clusters. The most important indicator in activity over the past year is the movement in smaller, multi-tenant properties. Tenants in the market are mostly looking in the 5,000-15,000 SF range. With such strong demand, many spec development projects under construction Valleywide are these types of buildings. As an example, the home-building industry is gearing up again and many homerelated businesses are leasing space in that size demographic. Conversely, activity remains much slower for medium and large tenants seeking 100,000 SF or more. There is a glut of available space, mostly distribution, with even more under construction. The Southwest Valley distribution market bears most of the brunt of this market trend with stagnant rental rates. Owners are looking for new ways to position these buildings by dividing spaces and creating other leasing incentives to draw foot traffic. The Phoenix Industrial sector finished the quarter with an eight-year low vacancy rate of 10.7%. The Northwest and Northeast submarket clusters enjoyed the lowest vacancies in the Valley at 7.1% and 7.8%, respectively. The Southwest Valley has the highest vacancy with 13.2%. Net absorption for the quarter was solid and settled at 1,633,655 SF. Construction activity remains strong at 2,821,652 SF. There were many projects delivered to inventory in the first quarter totaling 1,929,733 SF. Overall rental rates remained flat at $0.54 per SF, per year. The Southwest Valley, however, saw a 4.6% increase while the Southwest Valley saw a (-2.5%) decrease. The largest lease transaction in the first quarter was for Sherwood Bedding who leased 142,146 SF at 9310 W. Buckeye Rd., Tolleson. In Absorption/Vacancy in SF, Millions % 9.7% 14.2% 12.6% 10.7% YTD Absorption Vacancy Rental Rates Per month, $0.70 $0.65 $0.60 $0.55 $0.50 $0.45 $0.40 $0.66 $0.62 $0.48 $0.50 $ % 16.0% 12.0% 8.0% 4.0% 0.0% $ YTD Asking Triple Net Rates Per Month the largest sales transaction, Kootenay Holdings, Ltd. purchased three flex buildings totaling 108,067 SF at N. Greenway-Hayden Loop, Scottsdale for $19,804,000 or $ per SF. Sales by the Numbers: Q $185M Transactions in Total Sales Q1 15: 92 Q1 15: $171M $82.14 Average PSF Q1 15: $171M 7.00% Average Cap Rate Q1 15: 6.75% Phoenix Industrial Submarket Map 1. Airport Area Submarket - N. Airport - S. Airport N. of Roeser - S. Airport S. of Roeser - SC. N. of Salt River - SC. S. of Salt River 2. Northeast Submarket - Central Phoenix - Scottsdale Airpark - Scottsdale/Salt River 3. Northwest Submarket - Deer Valley/Pinnacle Peak - Glendale - Grand Ave. - N. Black Canyon - N. Glendale/Sun City - W. Phx N. of Thomas Rd. - W. Phx S. of Thomas Rd. 4. Southeast Submarket - Chandler - Chandler Airport - Chandler N./Gilbert - Falcon Field/Apache Jct - Mesa - Tempe East - Tempe Northwest - Tempe Southwest 5. Southwest Submarket - Goodyear - SW. N. of Buckeye Rd. - SW. S. of Buckeye Rd. - Tolleson DWAY RD. RD. Phoenix Goodyear Airport OLIVE AVE. NORTHERN AVE. GLENDALE AVE. CAMELBACK RD. MCDOWEL L RD. JACKRABBIT TR. GOODYEAR EL MIRAGE YUMA RD. COT TON LN. 303 SURPRISE WADDEL L RD. ESTRELLA FWY. REEMS RD. Luke AFB LITCHFIELD RD. SUN CITY WEST EL MIRAGE RD. 5 BROADWAY A RD. BEL L RD. 3 PEORI A 101 N SUN CITY AGUA FRIA FWY. Gila River W. DEER VALLEY RD. THUNDERBIRD RD. GLENDALE GLENDALE AVE. CAMELBACK RD. 83RD AVE. TOLLESON LOWER BUCKEYE RD. iver R Salt River W. HAPPY VALLEY RD. W. HAPPY VALLEY RD. OLIVE AVE. 59TH AVE. MCDOWELL RD. GRAND GRAND AVE. AVE. NORTH E. PINNACLE PEAK RD. 43RD AVE. PAPAGO FWY. BUCKEYE RD. Phoenix W. DEER VALLEY RD. Deer Valley Airport 101 CENTRA L AVE. 7TH ST. PHOENIX South Mountain Fwyw. Fwy. LINCOLN DR. Int'l Airport SHE A BLVD. MCDONALD DR. PIMA FWY. RED MOUNTAIN FWY. CHANDLER ARIZON A AVE. McQUEEN RD. COOPER RD.. 87 Falcon MCDOWEL L RD. Field BROADWAY RD SUPERSTITION FWY. BASELINE RD. River l i R iv 202 BLACK CANYON FWY. 7TH AVE. BEL L RD. CAVE CREEK RD TH S T. C PIESTEWA FWY. E. PINNACLE PEAK RD. PARADISE VALLEY 32ND 32ND ST. ST. SCOTTSDALE 44TH S T. MARICOPA FWY GREENWAY RD. MILL AVE. HAYDEN RD. MCDOWEL L RD. 202 TEMPE N. PIMA R Scottsdale Municipal Airport INDIAN BEND RD. 101 PRICE FWY. BEL L RD. 2 DOBSON RD. 4 BEELINE HWY. UNIVERSITY DR. MESA GUADALUPE RD. ELLIO T RD. WARNER Rd. RAY RD. VAL VIS TA DR. CHANDLER B LVD. 202 GERMANN RD. QUEEN CREEK RD. FOUNTAIN HILLS GREENFIELD DR.. GILBERT SANTAN FWY. POWER RD. Phoenix Gateway Airport The information and details contained herein have been obtained from third-party sources believed to be reliable; however, Lee & Associates Arizona has not independently verified its accuracy. Lee & Associates Arizona makes no representations, guarantees, or express or implied warranties of any kind regarding the accuracy or completeness of the information and details provided herein, including but not limited to the implied warranty of suitability and fitness for a particular purpose. Interested parties should perform their own due diligence regarding the accuracy of the information. The information provided herein, including any sale or lease terms, is being provided subject to errors, omissions, changes of price or conditions, prior sale or lease, and withdrawal without notice, by thirdparty data source providers. The Lee & Associates Phoenix Industrial Market report compiles relevant market data by using a third-party database for the proprietary analysis of specific warehouse, distribution, manufacturing and Flex properties in the Phoenix Metropolitan Area. Copyright 2016 Lee & Associates Arizona. All rights reserved. Market report analysis by: Matt DePinto, Senior Research Analyst

15 Q Phoenix Industrial Market Stats Industrial Total Vacancy Net Absorption Under Building Completions Asking Change Submarkets Inventory Total SF Q1 16 Q1 16 YTD Total Construction Q1 16 YTD Total NNN Rate from Q4 15 Airport North Airport, S Airport N of Roeser, S Airport S of Roeser, SC N of Salt River, SC S of Salt River Distribution/Warehouse 33,936,243 2,981, % 335, , , , ,955 $ % Manufacturing 8,759, , % (31,092) (31,092) 41, $ % Flex 5,184, , % 7,071 7, $ % Total 47,880,224 4,726, % 311, , , , ,955 $ % Northeast Valley Central Phoenix, Scottsdale Airpark, Scottsdale/Salt River Distribution/Warehouse 6,837, , % (35,504) (35,504) $ % Manufacturing 2,960,299 56, % 45,186 45, $ % Flex 5,348, , % 24,110 24, $ % Total 15,146,085 1,175, % 33,792 33, $ % Northwest Valley Deer Valley/Pinnacle Peak, Glendale, Grand Ave., N Glendale/Sun City, North Black Canyon, W PHX N of Thomas, W PHX S of Thomas Distribution/Warehouse 38,067,246 2,768, % 393, , , , ,478 $ % Manufacturing 10,905, , % (13,484) (13,484) 384, $ % Flex 6,373, , % (16,994) (16,994) $ % Total 55,346,147 3,937, % 363, , , , ,478 $ % Southeast Valley Chandler Airport, Chandler, Chandler N Gilbert, Falcon Field/Apache Jct, Mesa, Tempe East, Tempe Northwest, Tempe Southwest Distribution/Warehouse 49,059,509 4,554, % 237, , , , ,926 $ % Manufacturing 24,581,966 3,416, % 59,162 59,162 64, $ % Flex 14,935,224 2,075, % 129, , ,506 57,150 57,150 $ % Total 88,576,699 10,046, % 425, , , , ,076 $ % Southwest Valley Goodyear, SW N of Buckeye Rd, SW S of Buckeye Rd, Tolleson Distribution/Warehouse 75,235,229 8,982, % 512, , , , ,224 $ % Manufacturing 11,350,138 2,323, % (18,355) (18,355) - 57,000 57,000 $ % Flex 1,387, , % 5,321 5, $ % Total 87,973,071 11,571, % 499, , , , ,224 $ % Total Submarkets Distribution/Warehouse 203,135,954 19,806, % 1,443,274 1,443,274 1,987,517 1,815,583 1,815,583 $ % Manufacturing 58,557,520 7,090, % 41,417 41, ,629 57,000 57,000 $ % Flex 33,228,752 4,559, % 148, , ,506 57,150 57,150 $ % Phoenix Metro Total 294,922,226 31,457, % 1,633,655 1,633,655 2,821,652 1,929,733 1,929,733 $ % When inaccurate or newly updated information is discovered, it is incorporated into current reporting which may negate comparison to previously published market reports. Q Top Industrial Leases Tenant Name Property Name Address Submarket Type SF Type Sherwood Bedding 9310 W. Buckeye Rd W. Buckeye Rd., Tolleson Southwest Valley Distribution 142,146 New Hensley Beverage Co. Santa Fe Industrial Ctr N. 45th Ave., Phoenix* Northwest Valley Distribution 112,669 New Dircks Moving & Logistics Transpacific Distribution Ctr. 860 S. 83rd Ave., Tolleston Southwest Valley Distribution 62,000 New ShurJoint Piping USA West 10 Business Center 4703 W. Brill St., Phoenix Southwest Valley Distribution 39,728 New Snyder's Lance Tiger Industrial Center-A 4929 W. Van Buren St., Phoenix Southwest Valley Warehouse 37,422 New * Building currently under construction. Q Top Industrial Sales Property Address Buyer Seller Type Sales Price SF PSF N. Greenway-Hayden, Scottsdale (3) Kootenay Holdings, Ltd. R.F. Donvan & Assoc. Flex $19,804, ,067 $ W. Germann Rd., Chandler H5 Capital Nextfort Ventures Flex $14,845, ,000 $ E. Grant St., Phoenix (4) Prologis Miller-Valentine Group Distribution $14,500, ,369 $ E. Baseline Rd., Phoenix Industrial Property Trust Dalfen America Corp. Warehouse $14,000, ,305 $ E, Evans Rd., Scottsdale (6) Greenwood & McKenzie Warmington Group Warehouse $7,850,000 71,473 $ ( ) No. of buildings in transaction.

16 Buyer Type Q1 16 Sales 10% 15% 28% 46% User Institutional REIT/Public Private Private Equity Economic Indicators as of Q Unemployment U.S. Down to 5.0% Arizona Steady at 6.0% Phoenix Metro Down to 5.0% U.S. Consumer Price Index Down 0.2% Gross Domestic Product (GDP) Up to 1.4% Source: Bureau of Labor Sta s cs, Bureau of Economic Analysis of the U.S. Dept. of Commerce. Q About Lee & Associates Now in its 25th year, Lee & Associates Arizona specializes in providing exceptional commercial brokerage services to the industrial, office, land and investment sectors of the Phoenix commercial real estate market. The Phoenix office was established in 1991 and is now recognized as one of the most successful brokerage firms in the state. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national Lee & Associates network East Camelback Road, Suite 100 Phoenix, Arizona Follow us on:

17 LEE & ASSOCIATES ARIZONA LEASING & RECOMMENDATIONS LEASE RATE APPROACH Ask $.58 NNN w/ $2.00 PSF T.I. Anticipate Proposals In the $.52 - $.55 NNN range IMPROVEMENT RECOMMENDATION In addition to the $2.00 TI allowance, we recommend the following capital improvement s or repair: - Parking Lot - Landscaping - Lighting - Exterior Paint - Curbs - Warehouse Floor - Engage an architect to determine the cost or feasibility of underground retention in order to increase the usable yard area. STEIN KOSS, SIOR Principal skoss@leearizona.com TOM LOUER, SIOR Principal tlouer@leearizona.com VICTORIA BENAVIDEZ Marketing Coordinator vbenavidez@leearizona.com NICK NUDO Research-Runner nnudo@leearizona.com

MARKET REPORT PHOENIX METRO OFFICE

MARKET REPORT PHOENIX METRO OFFICE Q3 2018 MARKET REPORT PHOENIX METRO OFFICE Q3 Phoenix Office Market Overiew Key Takeaways * Compared To Last Quarter Total Vacancy 17.25% Q3 Net Absorption 999,900 SF Absorption/Vacancy 2008-2018 Average

More information

FOR SALE OR LEASE. Office Condominium 8151 E. INDIAN BEND ROAD SCOTTSDALE, ARIZONA. Located in Central Scottsdale

FOR SALE OR LEASE. Office Condominium 8151 E. INDIAN BEND ROAD SCOTTSDALE, ARIZONA. Located in Central Scottsdale FOR SALE OR LEASE Office Condominium 8151 E. INDIAN BEND ROAD SCOTTSDALE, ARIZONA Located in Central Scottsdale Table of Contents PROPERTY SUMMARY... 3-4 PROPERTY OVERVIEW... 5-8 AREA OVERVIEW... 9 EXPENSES...

More information

FREESTANDING OLD TOWN SCOTTSDALE OFFICE BUILDING FOR SALE

FREESTANDING OLD TOWN SCOTTSDALE OFFICE BUILDING FOR SALE FREESTANDING OLD TOWN SCOTTSDALE OFFICE BUILDING FOR SALE 7447 E. EARLL DRIVE SCOTTSDALE, AZ 85251 GEOFF TURBOW 480.294.6019 gturbow@levrose.com ZAK KOTTLER 480.294.6003 zkottler@levrose.com JOE COSGROVE

More information

Industrial Market Closes 2017 on an Upswing

Industrial Market Closes 2017 on an Upswing Research & Forecast Report GREATER PHOENIX INDUSTRIAL Industrial Market Closes on an Upswing Key Takeaways > > The Greater Phoenix industrial market finished off a year of robust tenant demand with a strong

More information

Strong Absorption Drives Down Vacancy to Start 2017

Strong 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

7 YEAR NNN LEASE INVESTMENT OPPORTUNITY

7 YEAR NNN LEASE INVESTMENT OPPORTUNITY FOR SALE 7 YEAR NNN LEASE INVESTMENT OPPORTUNITY 714 E. ROSE LANE PHOENIX, AZ 85014 WORLDWIDE REAL ESTATE SERVICES SUMMARY THE OFFERING ASKING PRICE $1,760,714 PRICE PSF $207/PSF NOI - ANNUAL $119,000

More information

Chauncey Professional Center

Chauncey Professional Center FOR LEASE > SPACE Chauncey Professional Center 6930 E. CHAUNCEY LN. PHOENIX, AZ 85054 BUILDING SIZE: SUITE 120: SUITE 130: SUITE 210: SUITE 265/275: ±35,066 SF ±904 RSF ±1,090 RSF ±2,801RSF ±2,143 RSF

More information

Chauncey Professional Center

Chauncey Professional Center FOR LEASE > SPACE Chauncey Professional Center 6930 E. CHAUNCEY LN. PHOENIX, AZ 85054 BUILDING SIZE: ±34,807 SF SUITE 120: ±904 RSF SUITE 130: ±1,090 RSF SUITE 200: ±6,217 RSF ( January 2018) SUITE 210:

More information

FREESTANDING OFFICE BUILDING

FREESTANDING OFFICE BUILDING WORLDWIDE FOR SALE FREESTANDING OFFICE BUILDING REAL ESTATE SERVICES 8170 N. 86TH PLACE SCOTTSDALE, AZ 85258 PROPERTY SUMMARY ASKING PRICE $2,221,170 PER SQ. FT. $224/SF BUILDING SIZE ±9,066 SF SITE AREA

More information

Alamos Building LAST SUITE AVAILABLE FOR LEASE > OFFICE SPACE 8787 E PINNACLE PEAK RD SCOTTSDALE, AZ SUITE 204: ±2,553 SF BUILDING SIZE:

Alamos Building LAST SUITE AVAILABLE FOR LEASE > OFFICE SPACE 8787 E PINNACLE PEAK RD SCOTTSDALE, AZ SUITE 204: ±2,553 SF BUILDING SIZE: FOR LEASE > SPACE Alamos Building 8787 E PINNACLE PEAK RD SCOTTSDALE, AZ 85255 LAST SUITE AVAILABLE SUITE 204: BUILDING SIZE: LEASE RATE: ZONING: ±2,553 SF ±21,731 SF $18.50 FS C-2, City of Scottsdale

More information

Industrial Market Report

Industrial Market Report Industrial Market Report Greater Phoenix Q4 2012 CONTACT NAI HORIZON 602.955.4000 2944 N 44TH STREET, SUITE 200, PHOENIX, AZ 85018 WWW.NAIHORIZON.COM Building Momentum for a Positive 2013 The Phoenix Industrial

More information

FOR LEASE OR SALE S Priest Drive TEMPE, ARIZONA SALE PRICE: $1,425,000 LEASE RATE: $14.00 NNN. JOHN BARNES

FOR LEASE OR SALE S Priest Drive TEMPE, ARIZONA SALE PRICE: $1,425,000 LEASE RATE: $14.00 NNN. JOHN BARNES FOR LEASE OR SALE 1658 S Priest Drive TEMPE, ARIZONA SALE PRICE: $1,425,000 LEASE RATE: $14.00 NNN JOHN BARNES 602 222 5042 john.barnes@colliers.com LOCATION HIGHLIGHTS > > Great Tempe location near Arizona

More information

AVAILABLE FLEX BUILDINGS

AVAILABLE FLEX BUILDINGS AVAILABLE FLEX BUILDINGS SKY HARBOR/TEMPE JUNE 2013 Prepared By: Prepared For: Matt Fredrick/602-912-3532 Mr. David Newton Lee & Associates Arizona Lee & Associates Orange 3200 E. Camelback Rd., Ste. 100

More information

Vacancy Inches Higher, Despite Continued Absorption

Vacancy Inches Higher, Despite Continued Absorption Research & Forecast Report GREATER PHOENIX OFFICE 1Q 2017 Vacancy Inches Higher, Despite Continued Absorption Key Takeaways > > Improving conditions in the Greater Phoenix office market took a pause in

More information

INVESTMENT OPPORTUNITY

INVESTMENT OPPORTUNITY INVESTMENT OPPORTUNITY 4561 E. MCDOWELL ROAD, PHOENIX, AZ 143 202 MCDOWELL RD. 143 MCDOWELL RD. 143 MCDOWELL RD. sfarrell@leearizona.com Table of Contents Table of Contents: Executive Summary... 3 Property

More information

FREESTANDING OFFICE CONDO

FREESTANDING OFFICE CONDO FOR SALE FREESTANDING OFFICE CONDO 10607 N. HAYDEN ROAD SCOTTSDALE, AZ 85260 WORLDWIDE REAL ESTATE SERVICES PROPERTY SUMMARY ASKING PRICE $1,995,000 PRICE PER SQUARE FOOT $199/PSF TOTAL BUILDING SIZE ±10,005

More information

FOR SALE W Bell Road, Bldg C Surprise, AZ SURPRISE PROFESSIONAL OFFICE PARK

FOR SALE W Bell Road, Bldg C Surprise, AZ SURPRISE PROFESSIONAL OFFICE PARK COLLIERS INTERNATIONAL 2390 E Camelback Road Suite 100 Phoenix, AZ 85016 www.colliers.com/greaterphoenix FOR SALE 16960 W Bell Road, Bldg C Surprise, AZ +5,294 SF $719,000 ($135.81 per SF) NWC Bell Road

More information

CoStar Industrial Statistics. F i r s t Q u a r t e r Phoenix Industrial Market

CoStar Industrial Statistics. F i r s t Q u a r t e r Phoenix Industrial Market CoStar Industrial Statistics F i r s t Q u a r t e r 2 0 1 8 First Quarter 2018 Phoenix Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

CoStar Industrial Statistics. T h i r d Q u a r t e r Phoenix Industrial Market

CoStar Industrial Statistics. T h i r d Q u a r t e r Phoenix Industrial Market CoStar Industrial Statistics T h i r d Q u a r t e r 2 0 1 7 Third Quarter 2017 Phoenix Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

Q PHOENIX INDUSTRIAL REPORT

Q PHOENIX INDUSTRIAL REPORT Q2 2018 PHOENIX INDUSTRIAL REPORT MARKET FUNDAMENTALS ANNUAL COMPARISON Q2 2018 Q2 2017 VACANCY 6.97% VACANCY 8.95% RENTAL RATES $0.59 RENTAL RATES $0.58 SF UNDER CONSTRUCTION 5.79 M SF UNDER CONSTRUCTION

More information

The CoStar Industrial Report. F i r s t Q u a r t e r Phoenix Industrial Market

The CoStar Industrial Report. F i r s t Q u a r t e r Phoenix Industrial Market The CoStar Industrial Report F i r s t Q u a r t e r 2 0 1 6 First Quarter 2016 Phoenix Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

± 2,000 SF - ± 50,000 SF For Lease or Build to Suit Opportunity

± 2,000 SF - ± 50,000 SF For Lease or Build to Suit Opportunity ± 2,000 SF - ± 50,000 SF For Lease or Build to Suit Opportunity SEC Loop & 90th Street Scottsdale Area on the Salt River Pima-Maricopa Indian Community, AZ julie.johnson@avisonyoung.com 602.300.4112 Bret.isbell@avisonyoung.com

More information

SUMMARY OF AVAILABLE INDUSTRIAL PROPERTIES FOR LEASE

SUMMARY OF AVAILABLE INDUSTRIAL PROPERTIES FOR LEASE SUMMARY OF AVAILABLE INDUSTRIAL PROPERTIES FOR LEASE Prepared By: Chris McClurg, Principal Brian Payne, Industrial Properties Prepared For: Mr. Aaron Ingersoll LEE & ASSOCIATES ARIZONA March 2017 3200

More information

MESA ELLIOT TECHNOLOGY PARK

MESA ELLIOT TECHNOLOGY PARK Williams Gateway Airport ASU Polytechnic Campus Future Terminal Eastmark Ellsworth Road Elliot Road MESA ELLIOT T E C H N O L O G Y BUILDING INFO A P A R K LAND INFO B AERIAL C STREET MAP CITY OF MESA

More information

The CoStar Industrial Report

The CoStar Industrial Report The CoStar Industrial Report M I D - Y E A R 2 0 0 9 MID-YEAR 2009 PHOENIX Table of Contents Table of Contents.................................................................... A Methodology........................................................................

More information

The CoStar Industrial Report. Y e a r - E n d Phoenix Industrial Market

The CoStar Industrial Report. Y e a r - E n d Phoenix Industrial Market The CoStar Industrial Report Y e a r - E n d 2 0 1 5 Year-End 2015 Phoenix Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

EMPIRE DEVELOPMENT OPPORTUNITY

EMPIRE DEVELOPMENT OPPORTUNITY EMPIRE PRIME LOCATION East of SEC 32nd St. & Camelback Rd. Amenities > > Rare development opportunity > > Located at the East of SEC of Camelback Rd. & 32nd St. in the renowned Camelback Corridor > > Close

More information

East Valley Plaza. 40,275 SF, Zoned C-3, Value-Add Investment Opportunity Located Along Booming Arizona Avenue Corridor in Chandler, Arizona

East Valley Plaza. 40,275 SF, Zoned C-3, Value-Add Investment Opportunity Located Along Booming Arizona Avenue Corridor in Chandler, Arizona East Valley Plaza 2200, Chandler AZ CONCEPTUALIZATION FOR SALE 40,275 SF, Zoned C-3, Value-Add Investment Opportunity Located Along Booming Arizona Avenue Corridor in Chandler, Arizona Matthew Ault Vice

More information

The CoStar Industrial Report. Y e a r - E n d Phoenix Industrial Market

The CoStar Industrial Report. Y e a r - E n d Phoenix Industrial Market The CoStar Industrial Report Y e a r - E n d 2 0 1 4 Year-End 2014 Phoenix Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

Cave Creek Business Park

Cave Creek Business Park HAYDEN RD Cave Creek Business Park Industrial Condos with Yards 20634 N 28th Street (NE Corner of Loop 101 & Cave Creek Rd) Property Features: Masonry Construction 51,000 total square feet 5 parking spaces

More information

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

INDUSTRIAL 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 information

The CoStar Office Report

The 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 information

An Analysis of Industrial Infill Development. Marty Busekrus, HFF Ed Harrington, CenterPoint Properties Cathy Thuringer, Trammell Crow

An Analysis of Industrial Infill Development. Marty Busekrus, HFF Ed Harrington, CenterPoint Properties Cathy Thuringer, Trammell Crow An Analysis of Industrial Infill Development Marty Busekrus, HFF Ed Harrington, CenterPoint Properties Cathy Thuringer, Trammell Crow Marty Busekrus HFF Director with HFF focusing on the industrial capital

More information

TEMPE DESIGN CENTER. Rent CAM Total Monthly Rent

TEMPE DESIGN CENTER. Rent CAM Total Monthly Rent Prepared By: Matt Fredrick, Principal Lee & Associates Arizona 3200 E. Camelback Rd., Ste. 100 Phoenix, AZ 85018 TEMPE DESIGN CENTER Prepared For: Gina Palumbo Polewaczyk Communication Technology Services

More information

Service Changes Effective January 27, 2014

Service Changes Effective January 27, 2014 Route 0, Route 7 & Route 16 Route 0, modify southern end of route (end at Dobbins Rd), Route 7 modify southern end of route (end at Dobbins Rd), Route 16 extend service west along Dobbins Rd, replacing

More information

Monthly Market Snapshot

Monthly Market Snapshot SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million

More information

NEW TO MARKET!

NEW TO MARKET! 1206-1224 NEW TO MARKET! E. WASHINGTON ST PHOENIX, AZ 85034 THREE BUILDING CAMPUS KERI DAVIES Senior Associate 480.294.6010 kdavies@levrose.com JON ROSENBERG Managing Partner 480.294.6011 jrosenberg@levrose.com

More information

Copyrighted report licensed to Lee & Associates Commercial Real Estate Service /8/2016. Page 1

Copyrighted report licensed to Lee & Associates Commercial Real Estate Service /8/2016. Page 1 Copyrighted report licensed to Lee & Associates Commercial Real Estate Service - 697357. 9/8/2016 Page 1 1 NWC Commonwealth Ave & Pa - Build-To-Suit Chandler, AZ 85224 Sale Price: $798,399 Parcel Size

More information

The CoStar Office Report

The 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 information

OFFICE BUILDING SURVEY 101 / SCOTTSDALE CORRIDOR

OFFICE BUILDING SURVEY 101 / SCOTTSDALE CORRIDOR OFFICE BUILDING SURVEY 101 / SCOTTSDALE CORRIDOR Prepared By: Prepared For: Mike McQuaid LEE & ASSOCIATES ARIZONA (602) 9123524 Mr. Dennis Anderson Reach IPS NO. Property Address/ Property Location 1 Reserve

More information

Residential Market Update

Residential Market Update Residential Market Update 2016 Quarter 4 Information Proudly Provided by your Business Development Managers: Nancy Pierson Biltmore / nancyp@eta-az.com / 602-769-1438 Maggie Clark Scottsdale / maggiec@eta-az.com

More information

AVAILABLE INDUSTRIAL PROPERTIES TEMPE/CHANDLER/GILBERT

AVAILABLE INDUSTRIAL PROPERTIES TEMPE/CHANDLER/GILBERT AVAILABLE INDUSTRIAL PROPERTIES TEMPE/CHANDLER/GILBERT Prepared By: Prepared For: Steve Farrell September 2014 Melanie Johnson Lee & Associates Arizona 3200 E. Camelback Road, Suite 100 Phoenix, AZ 85018

More information

3 RD QUARTER 2016 RICHMOND INDUSTRIAL MARKET REPORT

3 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 information

Greater Phoenix Multifamily

Greater Phoenix Multifamily MARKET REPORT / Greater Phoenix Multifamily Apartment Rents Remain on an Upswing Highlights > > Conditions in the Phoenix multifamily market strengthened during the third quarter. Vacancy tightened and

More information

With Vacancy Low, Rents Pushing Higher

With Vacancy Low, Rents Pushing Higher Research & Forecast Report GREATER PHOENIX MULTIFAMILY 3Q 2 With Low, Pushing Higher Key Takeaways > > The Greater Phoenix multifamily market strengthened somewhat during the third quarter, with vacancy

More information

7 YEAR NNN LEASE INVESTMENT OPPORTUNITY

7 YEAR NNN LEASE INVESTMENT OPPORTUNITY FOR SALE - SALE LEASEBACK 7 YEAR NNN LEASE INVESTMENT OPPORTUNITY 9362 E. RAINTREE DRIVE SCOTTSDALE, AZ 85260 WORLDWIDE REAL ESTATE SERVICES PROPERTY SUMMARY ASKING PRICE $3,756,300 TOTAL BLDG SIZE 12,521

More information

An Offering Memorandum for AGAVE BUSINESS PARK

An Offering Memorandum for AGAVE BUSINESS PARK OFFERING PROPERTY SUMMARY RETAIL AMENITIES AERIALS DEVELOPMENT HIGHLIGHTS POTENTIAL SITE PLANS MARKET STATISTICS HOME An Offering Memorandum for BUSINESS PARK A rare infill development opportunity located

More information

3 RD QUARTER 2015 RICHMOND INDUSTRIAL MARKET REPORT

3 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 information

Residential May Karl L. Guntermann Fred E. Taylor Professor of Real Estate. Adam Nowak Research Associate

Residential May Karl L. Guntermann Fred E. Taylor Professor of Real Estate. Adam Nowak Research Associate Residential May 2008 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate The use of repeat sales is the most reliable way to estimate price changes in the housing market

More information

Metro Phoenix Retail, Office & Industrial Recovery

Metro Phoenix Retail, Office & Industrial Recovery Metro Phoenix Retail, Office & Industrial Recovery By Gary Ringel, CGREA, Director (480) 483-1170 ~ GaryR@hhcpa.com Statistics Indicate Decreased Vacancy Rates, Increased Lease Rates & Positive Absorption

More information

MARKET WATCH SOUTHERN CALIFORNIA & PHOENIX

MARKET 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 information

Economic Overview DENVER INDUSTRIAL/FLEX MARKET MONITOR FIRST QUARTER Denver s industrial flex market vibrant during the first quarter.

Economic Overview DENVER INDUSTRIAL/FLEX MARKET MONITOR FIRST QUARTER Denver s industrial flex market vibrant during the first quarter. Economic Overview DENVER INDUSTRIAL/FLEX MARKET MONITOR FIRST QUARTER 2015 Denver s industrial flex market vibrant during the first quarter. The Denver industrial market has record high asking rental rates,

More information

>> Rents Rise To Highest Point Ever

>> Rents Rise To Highest Point Ever Research & Forecast Report SAN FERNANDO VALLEY & VENTURA COUNTY INDUSTRIAL Accelerating success. >> Rents Rise To Highest Point Ever Key Takeaways > Asking rental rates rose $.2 P NNN to $.69 P NNN. Rents

More information

Rents and Sales Prices on the Rise to Start 2018

Rents and Sales Prices on the Rise to Start 2018 Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 and Sales Prices on the Rise to Start 2 Key Takeaways > > The Greater Phoenix multifamily market got off to a hot start to 2. continues to retreat

More information

Copyrighted report licensed to Lee & Associates /5/2015. Page 1

Copyrighted report licensed to Lee & Associates /5/2015. Page 1 Copyrighted report licensed to Lee & Associates - 631104. 10/5/2015 Page 1 1 3113 W Weldon Ave Location: W Weldon Ave Building Type: Class B Service Northwest Ind Cluster Status: Built 1966 W Phx N of

More information

Has 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.

Has 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 information

Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016

Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 Research & Forecast Report NASHVILLE INDUSTRIAL 2nd Quarter 2016 Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 2Q 2016 Summary > > The tightening market coupled with

More information

OFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

OFFICE 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 information

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS. Current Quarter. Direct Vacancy 2.

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS. Current Quarter. Direct Vacancy 2. LOS ANGELES NORTH INDUSTRIAL THIRD QUARTER 218 QUICK STATS Direct Vacancy 2.3% Overall Vacancy 2.6% Lease Rate NNN $1.1 Gross Absorption Under Construction MARKET TRENDS Current Quarter 1,632,564 SF 595,199

More information

>> Hollywood Market Activity Flattens

>> Hollywood Market Activity Flattens Research & Forecast Report Central Los Angeles OFFICE Q2 216 Accelerating success. >> Hollywood Market Activity Flattens Key Takeaways > There is currently 533,6 square feet () of office product under

More information

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS. Current Quarter. Direct Vacancy 2.

INDUSTRIAL 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 information

Orange County Industrial Continues Positive Momentum

Orange County Industrial Continues Positive Momentum INDUSTRIAL ORANGE COUNTY MARKET REPORT Orange County Industrial Continues Positive Momentum MARKET INDICATORS - VACANCY 2.9% AVAILABILTY 5.2% NET ABSORPTION 394,960 SF CONSTRUCTION 676,700 SF RENTAL RATE

More information

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. 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 information

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

INDUSTRIAL 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 information

HOUSTON INDUSTRIAL MARKET

HOUSTON INDUSTRIAL MARKET REAL ESTATE OUTLOOK HOUSTON INDUSTRIAL MARKET FIRST QUARTER 217 Industrial Sector Continues Push Forward Flex Market Softening under Pressure from Office Market Availability OV E R V I E W Industrial gains

More information

Chicago s industrial market thrives during the third quarter.

Chicago 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 information

2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS

2.8% 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 information

Residential August 2009

Residential August 2009 Residential August 2009 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate Summary The latest data for May 2009 reveals that house prices declined by 33 percent in

More information

>> Asking Rents Increase As Space Remains Limited

>> Asking Rents Increase As Space Remains Limited Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Asking Rents Increase As Space Remains Limited Key Takeaways > Average asking rents increased $0.02 Per Square Foot (P) Triple

More information

2299 West Obispo Avenue, Gilbert, AZ SINGLE TENANT TECH OFFICE INVESTMENT OPPORTUNITY

2299 West Obispo Avenue, Gilbert, AZ SINGLE TENANT TECH OFFICE INVESTMENT OPPORTUNITY E X E C U T I V E S U M M A R Y 2299 West Obispo Avenue, Gilbert, AZ SINGLE TENANT TECH OFFICE INVESTMENT OPPORTUNITY 1 0 0 % N N N L E A S E D T O G O D A D D Y. C O M T H R O U G H 2 0 2 7 EXECUTIVE

More information

The CoStar Office Report. F i r s t Q u a r t e r Phoenix Office Market

The CoStar Office Report. F i r s t Q u a r t e r Phoenix Office Market The CoStar Office Report F i r s t Q u a r t e r 2 0 1 6 First Quarter 2016 Phoenix Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

Vacancy Net Absorption Construction Rental Rate. Vacancy Rate 1.7% Change from Q3 17 (Basis Points) -20 BPS. Construction Completions

Vacancy Net Absorption Construction Rental Rate. Vacancy Rate 1.7% Change from Q3 17 (Basis Points) -20 BPS. Construction Completions Forecast Vacancy Net Absorption Construction Rental Rate Vacancy Rate 1.7% Change from Q3 17 (Basis Points) -2 BPS Net Absorption 394,4 Construction Completions 191,7 Average Asking Rent Change from Q3

More information

San Antonio 4th Quarter 2014 INDUSTRIAL. Market Trends COMMERCIAL REAL ESTATE INFORMATION

San Antonio 4th Quarter 2014 INDUSTRIAL. Market Trends COMMERCIAL REAL ESTATE INFORMATION San Antonio 4th Quarter 2014 INDUSTRIAL Market Trends COMMERCIAL REAL ESTATE INFORMATION Table of Contents/Methodology of Tracked Set Table of Contents/Methodology of Tracked Set 2 San Antonio Market Map

More information

100% OCCUPIED - 2 TENANT INDUSTRIAL INVESTMENT. Sun MCLEOD BUSINESS CENTER E. Post Road, Las Vegas, Nevada Commercial Real Estate, Inc.

100% OCCUPIED - 2 TENANT INDUSTRIAL INVESTMENT. Sun MCLEOD BUSINESS CENTER E. Post Road, Las Vegas, Nevada Commercial Real Estate, Inc. 0% OCCUPIED - TENANT INDUSTRIAL INVESTMENT Sun Commercial Real Estate, Inc. MCLEOD BUSINESS CENTER 70 E. Post Road, Las Vegas, Nevada 890 Contact Team Lisa Hauger Senior Vice President 70-968-7333 LisaH@suncommercialre.com

More information

The Improvement of the Industrial Market

The Improvement of the Industrial Market Research & Forecast Report Long Island industrial MARKET Q2 2015 The Improvement of the Industrial Market Rose Liu Research & Financial Analyst Long Island Takeaways The overall economy on Long Island

More information

>> Market Records Strong Demand To End 2016

>> Market Records Strong Demand To End 2016 Research & Forecast Report Central Los Angeles OFFICE Q4 216 Accelerating success. >> Market Records Strong Demand To End 216 Key Takeaways > There is currently 61,4 square feet () of office product under

More information

SCOTTSDALE OFFICE BUILDINGS AND REDEVELOPMENT FOR SALE

SCOTTSDALE OFFICE BUILDINGS AND REDEVELOPMENT FOR SALE SCOTTSDALE OFFICE BUILDINGS AND REDEVELOPMENT FOR SALE THE OFFERING LevRose Commercial Real Estate has been exclusively retained to sell 2922 & 2928 N. 70th Street. Located on two (2) parcels totaling

More information

Houston s industrial market continues to expand

Houston s industrial market continues to expand Research & Forecast Report HOUSTON INDUSTRIAL Q1 2017 Houston s industrial market continues to expand Lisa Bridges Director of Market Research Houston During the first quarter of 2017, 1.7M SF of Houston

More information

Houston s industrial leasing activity decreases 42.7% over the quarter - vacancy rate remains under 5.0%

Houston s industrial leasing activity decreases 42.7% over the quarter - vacancy rate remains under 5.0% Research & Forecast Report HOUSTON INDUSTRIAL Q3 2015 Houston s industrial leasing activity decreases 42.7% over the quarter - vacancy rate remains under 5.0% Lisa Bridges Director of Market Research Houston

More information

250-UNIT, VALUE-ADD MULTI-HOUSING COMMUNITY IN PHOENIX, ARIZONA

250-UNIT, VALUE-ADD MULTI-HOUSING COMMUNITY IN PHOENIX, ARIZONA hfflp.com 250-UNIT, VALUE-ADD COMMUNITY IN, ARIZONA Holliday Fenoglio Fowler, L.P. ( HFF ), a licensed Arizona real estate broker. 2 SEDONA RIDGE APARTMENT HOMES SEDONA RIDGE APARTMENT HOMES 3 THE OFFERING

More information

CoStar Office Statistics. T h i r d Q u a r t e r Phoenix Office Market

CoStar Office Statistics. T h i r d Q u a r t e r Phoenix Office Market CoStar Office Statistics T h i r d Q u a r t e r 2 0 1 7 Third Quarter 2017 Phoenix Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

Residential December 2009

Residential December 2009 Residential December 2009 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate Year End Review The dramatic decline in Phoenix house prices caused by an unprecedented

More information

OFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

OFFICE 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 information

Residential October 2009

Residential October 2009 Residential October 2009 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate Summary The latest data for July 2009 reveals that house prices declined by 28 percent

More information

Copyrighted report licensed to NAI Brannen Goddard /22/2018. Page 1

Copyrighted report licensed to NAI Brannen Goddard /22/2018. Page 1 Copyrighted report licensed to NAI Brannen Goddard - 667040. 1/22/2018 Page 1 1 1270 E Broadway Rd - Bldg C - Broadway Plaza Location: Developer: Management: Recorded Owner: Bldg C East Valley Cluster

More information

ZELL COMMERCIAL REAL ESTATE SERVICES Announces Recently Completed Retail Transactions

ZELL COMMERCIAL REAL ESTATE SERVICES Announces Recently Completed Retail Transactions ZELL COMMERCIAL REAL ESTATE SERVICES Announces Recently Completed Retail Transactions 5343 NORTH 16TH STREET, SUITE 290, PHOENIX, AZ, 85016 (602) 248-0600 www.zellcre.com KRISPY KREME DOUGHNUTS ZELL COMMERCIAL

More information

Orange County Office Market Continues A Positive Stride Into 2016

Orange County Office Market Continues A Positive Stride Into 2016 OFFICE ORANGE COUNTY MARKET REPORT Continues A Positive Stride Into 2016 MARKET OVERVIEW MARKET INDICATORS - VACANCY 12.8% NET ABSORPTION 143,900 CONSTRUCTION 594,300 RENTAL RATE $2.31 P FSG UNEMPLOYMENT

More information

Residential September 2010

Residential September 2010 Residential September 2010 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate For the first time since March, house prices turned down slightly in August (-2 percent)

More information

Residential January 2010

Residential January 2010 Residential January 2010 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate Another improvement to the ASU-RSI is introduced this month with new indices for foreclosure

More information

Sago Gardens Apartments

Sago Gardens Apartments Investment Property Offering Tempe,, AZ A 33 Unit Bank Owned Apartment Complex Located in Tempe, Arizona Bill Hahn Senior Vice President 602 222 5105 Direct 602 418 9578 Mobile bill.hahn@colliers.com Jeffrey

More information

OFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

OFFICE 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 information

OFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

OFFICE 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 information

Residential January 2009

Residential January 2009 Residential January 2009 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate Methodology The use of repeat sales is the most reliable way to estimate price changes

More information

Market Research. OFFICE First Quarter 2010

Market Research. OFFICE First Quarter 2010 colliers international LAS VEGAS, NV Market Research OFFICE First Quarter 2010 Market Indicators Net Absorption Construction Rental Rate Q1-10 Q2-2010 Projected Clark County Economic Data Jan-10 Jan-09

More information

Residential July 2010

Residential July 2010 Residential July 2010 Karl L. Guntermann Fred E. Taylor Professor of Real Estate Adam Nowak Research Associate The Phoenix housing market overall continued to show gradual improvement through June but

More information

OFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS

OFFICE 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 information

Positive Net Absorption Recorded For The Ninth Consecutive Quarter

Positive Net Absorption Recorded For The Ninth Consecutive Quarter OFFICE SAN FERNANDO & VENTURA MARKET REPORT Positive Net Absorption Recorded For The Ninth Consecutive Quarter MARKET OVERVIEW MARKET INDICATORS - VACANCY 15.2% NET ABSORPTION 116,700 CONSTRUCTION 120,933

More information

Market Research. Industrial Review. Industrial Third Quarter Market Indicators

Market Research. Industrial Review. Industrial Third Quarter Market Indicators colliers international LAS VEGAS, NV Market Research Industrial Third Quarter 2009 Market Indicators Vacancy Net Absorption Construction Rental Rate Q3-09 Q4-2009 Projected Clark County Economic Data Jul-09

More information

Denver s Retail Sector Keeps Rolling 500, , , , , , , , ,000 50,000. Square Feet

Denver s Retail Sector Keeps Rolling 500, , , , , , , , ,000 50,000. Square Feet Research & Forecast Report METRO DENVER RETAIL Q4 2017 s Retail Sector Keeps Rolling Market Overview Net absorption finished the second half of 2017 with strong positive numbers from s Central and Northwest

More information

>> 2017 Begins With Continued Strong Demand

>> 2017 Begins With Continued Strong Demand Research & Forecast Report Central Los Angeles OFFICE Q1 217 Accelerating success. >> 217 Begins With Continued Strong Demand Key Takeaways > Hudson Pacific's Icon at Sunset property delivered 323,3 square

More information