Silicon Harbor - The Port of Call for the 21 st Century

Size: px
Start display at page:

Download "Silicon Harbor - The Port of Call for the 21 st Century"

Transcription

1 Research & Forecast Report CHARLESTON, SC OFFICE Q Silicon Harbor - The Port of Call for the 21 st Century Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Silicon Harbor is rapidly expanding. > > Employers are creating more open, flexible and dense floorplans. The Silicon Harbor is Taking Off Market Indicators Relative to prior period VACANCY NET ABSORPTION Q Q Charleston s technology sector is growing rapidly, producing some of the nation s fastest growing companies, including Boomtown, Bibliolabs, Blue Acorn, Ceterus, Good Done Great and Phishlabs. It is growing so fast, in fact, that Fast Company has named Charleston the Silicon Valley of the East Coast, or Silicon Harbor. Charleston possesses the building blocks necessary for thriving technology companies: intellectual capital, monetary capital and a talent pool with executive experience. Claiming that trifecta, Charleston has become a burgeoning technology hub with four primary sectors: aerospace, cybersecurity, customer front-facing software and back-end management databases. There are currently more than 11,000 people employed in technology-related fields throughout the Charleston-North Charleston Metropolitan Statistical Area. Intellectual Capital Organizations such as Blackbaud, Benefitfocus, Boeing and SPAWAR (Space and Naval Warfare Command) have attracted a great deal of high-tech talent to the region, creating a critical mass that has fueled other technology companies that rely on similar skill sets. Employers have been willing to move to the region to take advantage of the low cost of living, high quality of life and a diversified economy with many opportunities. > > Aerospace Boeing anchors the cluster with its 8,000-person staff who develop and build 787 Dreamliners. Their campus includes a Research and Technology center focusing on engine design and fuselage manufacturing with advanced composites. > > Back-End Databases This sector is largely driven by Blackbaud, the leading provider of back-end software management systems and services for non-profits. Blackbaud is headquartered on Daniel Island and directly employs 1,300 people. CONSTRUCTION RENTAL RATE** Note: Construction is the change in Under Construction. *Projected **Rental rates for current quarter are for CBD. Rent forecast is for metro-wide rents. Summary Statistics Q Charleston Office Market Market CBD Suburban Vacancy Rate 8.5% 6.6% 9.0% Change From Q (basis points) Absorption (Thousand Square Feet) New Construction (Thousand Square Feet) Under Construction (Thousand Square Feet) Asking Rents Per Square Foot Per Year Market $24.14 Change From Q % CBD Class A $36.51 Change From Q %

2 > > Customer Interfaces With its headquarters on Daniel Island, Benefitfocus was founded in 2000, employs 1,000 people and is focused on providing cloud-based benefit management systems. > > Defense-Related Information Technology Cybersecurity is driven by SPAWAR, a division of the Department of Defense brought in to backfill space at the former North Charleston Naval Shipyard. SPAWAR focuses on managing specialized information technology systems and software necessary to support the armed forces. Monetary Capital Innovative products and services require funding to be commercialized. Charleston has the highest average net worth for metro areas in South Carolina at $500,696. This is important because most new businesses and ideas are initially funded by the friends and family of the business founder. Because of the regions relative wealth, there are more people with access to potential seed capital. More importantly, wealth is not evenly distributed throughout the three-county region. Seven of the 19 census tracts in the MSA with average household net worth of more than $1,000,000 are located east of the Cooper River, which includes Mt. Pleasant and Daniel Island. This means that entrepreneurs, employees at the leading tech industries and wealthy retirees are interacting daily in their stores, offices, social organizations and neighborhoods. Charleston is also home to an expanding network of venture capital firms; Silicon Harbor Ventures, Alerion Ventures, Capital A Partners and Canongate Capital Investment are all located in the region. With the continued influx of retirees and second home buyers from the North American financial centers of New York and Boston, it is reasonable to infer that additional connections will be made and more venture capital will find its way into the region over time. Managerial Experience In addition to monetary capital, there must be access to people with executive experience and knowledge to commercialize the products and turn them into a successful business. After a seed investment is made, startup companies oftentimes seek out venture capital firms to fund additional development of their product or business. With each new round of funding, it is likely that a venture capital firm will require startup companies to have an established executive team or provide guidance to hire such a team. Charleston s technology sector is stocked with talent, ideas and leaders with experience running a successful company. While there is access to local seed investments for startup companies, Charleston requires a larger supply of venture capital firms to fund the area s new businesses. As this happens, Charleston will be better positioned to foster the technology companies of tomorrow. Employers Maximize Space Companies looking to lease space in Charleston will find that traditional, large blocks are in short supply. Additionally, the cost to lease office space has steadily increased over the last several years, even more so for the highly desirable Central Business District. This has led many employers to find creative ways to utilize the space they occupy by creating more open, flexible and dense floorplans. This has lowered overall occupancy cost per employee and made the space more appealing to the workforce of the future, which values mobility, flexibility and collaboration in the workplace. The average asking rental rate for the market reached a record high of $24.14 per square foot per year (PSF/YR) at the end of the fourth quarter, an increase of 4.5% since the start of More impressively, the vacancy rate in the CBD has remained low, fluctuating between 4.8% and 6.6%, throughout Rising occupancy and higher demand in the CBD have increased the average asking rental rate by 4.4% to $32.73 PSF/YR over the last twelve months and by 13.6% over the last two years. This is driving tenants to utilize the space they occupy by removing executive suites, walls and cubicles and replacing them with communal spaces such as larger break rooms, collaborative areas, sitting areas and mobile workstations. In a related move, employers seek creative and collaborative work environments that are sought after by young professionals. These spaces typically have more natural light, inviting atmospheres and highly flexible furniture systems. This type of work environment fosters collaboration and allows employees to work together in a closer environment, boosting productivity. Open, flexible and high density office spaces will become more popular in the Charleston market as vacancy continues to fall and rents continue to increase. Although the initial cost to redesign the office may be high, an employer s investment in these spaces will pay dividends in recruitment and retention of their employees, particularly from the incoming workforce of young professionals. Charleston provides a higher quality of life at a reduced cost relative to large cities such as New York or Chicago, making it attractive to people of all ages. Due to Charleston s higher average net worth, it can be inferred that the population is comprised of a larger number of people from higher-paying occupations, such as managerial positions. Thus, there are more people available to guide entrepreneurs through the early stages of business development. Average Asking Rental Rates Market A B $22.81 $19.35 C $ South Carolina Research & Forecast Report Q Charleston Office Colliers International

3 Construction Pipeline Nearly 451,000 square feet of office space are under construction throughout the Charleston market. Strengthening market conditions will likely encourage more development in the coming year. Highlighted Construction > > Phase one is underway for Blackbaud s new 13-acre campus on Daniel Island and will include a four-story, 172,000-square-foot office building. > > 349 Coleman Boulevard, an approximately 28,000-square-foot, Class A mixed-use office building, is under construction in Mount Pleasant. The building is expected to deliver in 2017 and will include 5,700 square feet of restaurant space on the ground level. Planned > > Holder Properties plans to develop the River Oaks Center, a 106,000-square-foot office building located at the entrance to the Executive Park at Faber Place, just off Interstate 526. > > Rushmark Properties will build four 100,000-square-foot office buildings as part of a master planned office park in Upper North Charleston. The park will also include three hotels. > > Cadillac Commons is a planned 40,000-square-foot building at the corner of Mathis Ferry Road and Johnnie Dodds Boulevard. The first floor will be retail space and the second floor will be comprised of approximately 21,000 square feet of Class A office space. Recent Transactions > > 1951 Clements Ferry Road is a 20,000-square-foot Class B office building. The building sold to the Low Country Boys LLC for $2.75 million, or $137.5 PSF. Market Conditions The vacancy rate for the market has remained steady throughout 2016 at 7.8%, although the fourth quarter ended with a slightly higher vacancy rate of 8.5%. A vacancy rate below 10.0% is a sign of a strong and tight market. The increase in vacancy can be attributed to the closing of the ITT campus in Upper North Charleston and other tenants shifting in the market. The average asking rental rate at the end of the fourth quarter was $24.14 PSF/ YR. At the end of the fourth quarter of 2015, the average asking rental rate was $23.10, a 4.1% increase in one year. Tenant leases signed at eight to ten year terms between 2007 and 2008 will begin to roll over throughout 2017 and These tenants will find it challenging to relocate to new spaces in the market without paying a significant increase in rent. Downtown Conditions The vacancy rate in the CBD was 6.6% at the end of the fourth quarter. Office space in the downtown submarket is in such high demand that new spaces coming available are expected to be absorbed quickly. The full-service average asking rental rate in the CBD reached $32.73 PSF/YR at the end of the fourth quarter, up from $32.21 PSF/YR at the start of Class A space saw even higher asking rental rates with an average of $36.51 PSF/YR, an increase of 4.0% from a year ago. Suburban Conditions The suburban vacancy rate was 9.0% at the end of the fourth quarter and is continuing to trend down as the available space in the market is absorbed. Since the start of 2016, the full-service average asking rental rate has increased by 6.9% from $21.30 PSF/ YR to $22.78 PSF/YR. Blackbaud Campus Rendering Launch Office Building Rendering Source: ASD SKY via Holder Properties Source: Rushmark Properties 3 South Carolina Research & Forecast Report Q Charleston Office Colliers International

4 Q Office Market Summary Statistics Charleston, SC MARKET DOWNTOWN CHARLESTON BUILDINGS INVENTORY DIRECT VACANT SUBLEASE VACANT TOTAL VACANT TOTAL VACANCY RATE (%) NET ABSORPTION AVERAGE ASKING RENTAL RATE (SF/YR) Class A ,039 81, , % -25,295 $36.51 Class B 29 1,022,400 39, , % -12,541 $27.84 Class C ,709 22,002 17,933 39, % -5,219 $27.47 Downtown Total 69 2,422, ,141 18, , % -43,055 $32.73 LOWER NORTH CHARLESTON Class A ,218 98, , % -12,690 $27.55 Class B 28 1,294,220 93,496 9, , % -40,538 $23.08 Class C ,794 46, , % 15,736 $20.58 Lower North Charleston Total 61 2,719, ,111 9, , % -37,492 $24.42 UPPER NORTH CHARLESTON Class A , , , % -38,667 $23.85 Class B ,694 55, , % -5,784 $19.13 Class C , ,060 1, , % 1,724 $17.69 Upper North Charleston Total 51 2,250, ,656 1, , % -42,727 $20.42 DANIEL ISLAND Class A ,937 10, , % -646 $28.23 Class B ,780 28, , % 14,795 $23.32 Class C 3 78,716 12, , % -12,172 $23.25 Daniel Island Total 37 1,398,433 52, , % 1,977 $24.34 MT. PLEASANT Class A ,426 8, , % 4,948 $28.31 Class B 56 1,023,800 24,306 7,936 32, % 6,350 $25.43 Class C 9 177,864 3, , % 1,763 $17.75 Mt. Pleasant Total 85 1,825,090 36,182 7,936 44, % 13,061 $25.38 WEST ASHLEY Class A 3 140,749 41, , % -9,963 $27.52 Class B ,665 98, , % 14,731 $21.89 Class C 9 186,583 7, , % 14,571 $16.30 West Ashley Total , , , % 19,339 $23.22 SUMMERVILLE/GOOSE CREEK Class A 2 175,000 57,500 4,875 62, % -4,875 $26.50 Class B ,740 11, , % 1,411 $21.87 Class C ,181 4, , % 6,035 $17.80 Summerville/Goose Creek Total ,921 72,796 4,875 77, % 2,571 $25.29 SUBURBAN SUBMARKETS Class A 67 3,449, ,171 4, , % -61,893 $25.96 Class B 154 4,344, ,691 17, , % -9,035 $22.19 Class C 80 2,138, ,200 1, , % 27,657 $18.56 Suburban Submarkets Total 301 9,932, ,062 24, , % -43,271 $22.78 MARKET Class A 84 4,399, ,251 4, , % -87,188 $27.90 Class B 183 5,367, ,750 17, , % -21,576 $22.81 Class C 103 2,587, ,202 19, , % 22,438 $19.35 Market Total ,354,609 1,013,203 42,095 1,055, % -86,326 $ South Carolina Research & Forecast Report Q Charleston Office Colliers International

5 Office-Using Employment Office-using employment, those jobs related to the professional and business services, financial activities and information sectors are growing within the Charleston-North Charleston Metropolitan Statistical Area (MSA). Per the most recent July 2016 data from the Bureau of Labor Statistics, 3,900 office-using jobs were added over the last 12 months. Non-Farm employment is also showing a positive upwards trend, increasing by 2.9% over the last year, adding a total of 9,800 new jobs. Office-using employment as of July 2016 accounts for 21.2% of total non-farm employment in the Charleston-North Charleston MSA and accounted for 40% of all new jobs added to the MSA over the last 12 months. Employment growth, especially growth of office-using employment is a good indicator of market vacancy as additional jobs correlate with a greater demand for office space and lower vacancy rates. As the employment sector continues to grow, the market will experience additional demand for space. Market Forecast Continued growth of employment, population and developments across the market will continue to expand the number of new office-using tenants locating to Charleston in the future. Construction levels are at record highs across all property types, making room for new employers in the area. Increased leasing activity will remain strong in the coming quarters and is expected to increase absorption, occupancy and asking rental rates. As these market characteristics continue and interest rates remain low, Charleston s office market will continue to favor investment sales. Around South Carolina South Carolina s Central Business Districts are gaining attention from employers, investors and residents. This quarter, several office towers have sold and new tenants have moved in. Columbia, South Carolina > > Rising operational and construction costs are raising the asking rental rates for downtown office space. > > Columbia s Main Street District, the Vista and the central location of the Central Business District are attracting employers to locate to the CBD over the suburban office markets. Greenville, South Carolina > > Several office buildings in Greenville s CBD sold this quarter including the Wells Fargo Building, Bank of America Plaza and the two Liberty Square buildings. In the suburbs, the Park Central and Park East office parks sold to RealOp Investments. > > Mixed-use projects have seen more success on Greenville s Main Street than any other market in the state. Dense development has led developers to build office buildings off Main in the West End. For more statewide commercial real estate news check out our market reports at: Office-Using Employment Charleston-North Charleston, MSA Office-Using Jobs Added Over 12 Months 5,500 4,500 3,500 2,500 1, Nov-11 Mar-12 Jul-12 Nov-12 Source: Bureau of Labor Statistics, Colliers International Commercial Real Estate Growth Cycle: Where the market stands and where it is going NEW CONSTRUCTION RENTAL RATE EMPLOYMENT OCCUPANCY PHASE 4: RECESSION Mar-13 Source: Caprocq Greenville, LLC Jul-13 Nov-13 PHASE 1: RECOVERY Mar-14 Jobs Added Jul-14 Nov-14 Mar-15 Jul-15 Total Employment COMMERCIAL REAL ESTATE GROWTH CYCLE Wells Fargo Center Greenville, SC Nov-15 PHASE 2: EXPANSION PHASE 3: HYPERSUPPLY Mar-16 Jul-16 Nov Total Non-Farm Employment (Thousands) 5 South Carolina Research & Forecast Report Q Charleston Office Colliers International

6 502 offices in 67 countries on 6 continents United States: 140 Canada: 31 Latin America: 24 Asia Pacific: 199 EMEA: 108 $2.5 billion in annual revenue 2 billion square feet under management 16,000 professionals and staff FOR MORE INFORMATION: Liz H. McCary Director of Marketing South Carolina Liz.McCary@colliers.com Bryana L. Mistrettta Research Coordinator South Carolina Bryana.Mistretta@colliers.com CHARLESTON OFFICE PROFESSIONALS: Peter Fennelly, MCR, SIOR, SLCR Market President Peter.Fennelly@colliers.com Mark Mattison, CCIM, SIOR Principal Charleston Mark.Mattison@colliers.com Mike Palmer Brokerage Associate Mike.Palmer@colliers.com Colliers International Charleston 25 Calhoun Street, Suite 220 Charleston, South Carolina USA About Colliers International Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals Global Outsourcing for 10 consecutive years, more than any other real estate services firm. For the latest news from Colliers International, visit Colliers.com or follow us on Twitter (@ColliersIntl) and LinkedIn. colliers.com Copyright 2015 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

Quick Absorption of Newly Constructed Office Buildings

Quick 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 information

Strengthening Market Fuels Investment Opportunities

Strengthening 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

Investor Activity Spurs New Opportunities

Investor Activity Spurs New Opportunities Research & Forecast Report GREENVILLE ANDERSON SOUTH CAROLINA OFFICE Q1 017 Investor Activity Spurs New Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Activity from

More information

Mixed-Use Dominates Downtown Development

Mixed-Use Dominates Downtown Development Research & Forecast Report GREENVILLE, SC OFFICE Q4 2016 Mixed-Use Dominates Downtown Development Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Mixed-use development has succeeded

More information

Landlords Getting Aggressive

Landlords 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 information

Market Demands More Investment Product

Market Demands More Investment Product Research & Forecast Report CHARLESTON INVESTMENT Q2 2016 Market Demands More Investment Product Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Investors are seeking opportunities

More information

Greenville is a tenant s market

Greenville 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 information

New and improved approach to retail

New 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 information

Medical Takes a Sick Quarter

Medical Takes a Sick Quarter Research & Forecast Report LAS VEGAS MEDICAL OFFICE Q3 2015 Medical Takes a Sick Quarter > > After two quarters of growth, the medical real estate sector stalled in the third quarter of 2015 > > Asking

More information

A tight Columbia market may lead to office transformation

A tight Columbia market may lead to office transformation Research & Forecast Report COLUMBIA, SC OFFICE Q3 2018 A tight Columbia market may lead to office transformation Crystal Baker Research Coordinator South Carolina Key Takeaways > > The Columbia office

More information

Soft Land Market in 2017

Soft Land Market in 2017 Research & Forecast Report LAND Q4 217 Soft Land Market in 217 > > Land sales in 217 fell behind 216 > > A lack of large sales at Apex brought the average price per square foot up > > Strong development

More information

Office Market Continues to Improve

Office Market Continues to Improve Research & Forecast Report LAS VEGAS OFFICE Q3 2016 Office Market Continues to Improve > > Southern Nevada s office market is improving at a steady rate > > Net absorption has been positive in twelve of

More information

Vacancy Increased Slightly During the First Quarter

Vacancy Increased Slightly During the First Quarter Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2016 Vacancy Increased Slightly During the First Quarter > Vacancy rates have been steadily declining since the fourth quarter of 2011.

More information

Low Vacancy Stimulates New Developments

Low Vacancy Stimulates New Developments Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2015 Low Vacancy Stimulates New Developments > > Multifamily vacancy dipped below 5 percent in the third quarter of 2015 ELECTRIC Meter Hookups NEW HOME

More information

Greenville defies the nationwide trend of retail closures

Greenville 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 information

Caution: Vacancy Increases Ahead

Caution: Vacancy Increases Ahead MARKET REPORT DISTRICT OF COLUMBIA OFFICE Fourth Quarter 2016 Caution: Vacancy Increases Ahead Market Indicators Q4 2016 2017 (Projected) NET Despite year-to-date negative absorption, the Washington, DC

More information

+48.6 million sf office inventory

+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 information

Red Hot Rents & Cooling Vacancy

Red Hot Rents & Cooling Vacancy Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2017 Red Hot Rents & Cooling Vacancy > > Office Inventory: 16,926,446 Square Feet > > Vacancy: 12.9 percent > > Net absorption: (380,946) Square

More information

Land Sales Lighter in Third Quarter

Land Sales Lighter in Third Quarter Research & Forecast Report LAND Q3 216 Land Sales Lighter in Third Quarter > > While land sales are up in 216 overall, they decreased in the third quarter Economic Indicators > > Apex continues to dominate

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

Homestretch: Office Market Set to Finish Strong

Homestretch: 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 information

VACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20

VACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20 Research & Forecast Report RENO OFFICE Q4 A Good Year Overall > Building sale prices are significantly higher than. > Seven buildings over 40,000 sf sold in, more than in previous years. > Many large office

More information

Weighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Weighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2018 Weighing Options > > Office Inventory: 16,966,736 square feet > > Vacancy: 15 percent > > Net absorption: (35,823) square feet, year to date

More information

Office Market Heats Up as Temperatures Cool

Office Market Heats Up as Temperatures Cool Research & Forecast Report RENO OFFICE Q3 2017 Office Market Heats Up as Temperatures Cool >>Vacancy decreased to 11.8% >>Positive net absorption of 36,041 square feet >>Construction is imminent with limited

More information

Switching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Switching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2017 Switching Gears > > Office Inventory: 16,926,446 square feet > > Vacancy: 14 percent > > Net absorption: (562,879) square feet, year to date

More information

Shrinking Supply Continues To Push Rates

Shrinking Supply Continues To Push Rates Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2017 Shrinking Supply Continues To Push Rates > Office inventory: 8,221,819 > Vacancy: 10.5 percent > Net absorption: 49,103 year-to-date

More information

MANHATTAN OFFICE 2017

MANHATTAN OFFICE 2017 Research Report MANHATTAN OFFICE 2017 Accelerating success. % $ ± Market Indicators Full Year 2016 Full Year 2017 Y-O-Y Change AVAILABILITY RATE 10.3% 10.0% -0.3pp AVERAGE ASKING RENT ($/SF/YR) $73.24

More information

Vacancy Edges Lower in Fourth Quarter

Vacancy Edges Lower in Fourth Quarter Research & Forecast Report FAIRFIELD OFFICE Q4 Vacancy Edges Lower in Fourth Quarter > > Office Inventory: 5,067,112 > > Current Vacancy: 14.2% > > Net Absorption: 63,610 The vacancy rate for office space

More information

2018: A Ground Breaking Year

2018: 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 information

The Office Market Feels The Heat in Q2

The Office Market Feels The Heat in Q2 Research & Forecast Report RENO OFFICE Q2 2017 The Office Market Feels The Heat in Q2 >>All major office submarkets have decreased vacancy and positive absorption this quarter >>The overall vacancy decreased

More information

Surging Rents Carry the North I-680 Corridor

Surging Rents Carry the North I-680 Corridor Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2018 Surging Rents Carry the North I-680 Corridor > > Office Inventory: 16,967,009 Square Feet > > Vacancy: 15.4 percent > > Net absorption: (103,748)

More information

Everything Old is New Again

Everything Old is New Again MARKET REPORT OFFICE Second Quarter 2016 Everything Old is New Again Market Indicators Q2 2016 2017 (Projected) While the global economy remains on its Jekyll and Hyde path, the District s commercial real

More information

New Construction Offers Hope to Larger Users

New Construction Offers Hope to Larger Users Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 2017 New Construction Offers Hope to Larger Users > Vacancy rates in the Tri-Valley industrial market are now down to a record 0.9 percent

More information

Holding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Holding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q2 2018 Holding Steady > > Office Inventory: 16,998,288 Square Feet > > Vacancy: 14.5 percent > > Net absorption: 25,027 square feet year-to-date

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

The Industrial Market Cooled Off in Q1

The Industrial Market Cooled Off in Q1 Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed

More information

RALEIGH-DURHAM OFFICE

RALEIGH-DURHAM OFFICE Research Report RALEIGH-DURHAM OFFICE Q2 2018 Accelerate Success Triangle Continues to Grow, Future Office Deliveries Expected to Drive Leasing Activity Kelsey Rogers Research Analyst Raleigh- Key Takeaways

More information

Multifamily Stable and Expanding

Multifamily Stable and Expanding Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2017 Multifamily Stable and Expanding > > Multifamily vacancy decreased to 3.0 percent in the second quarter of 2017 Economic Indicators > > No new projects

More information

Stronger Office Market Looking Into Future

Stronger Office Market Looking Into Future Research & Forecast Report Long Island OFFICE MARKET Q2 2015 Stronger Office Market Looking Into Future Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Long Island economic and

More information

Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q

Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q Research & Forecast Report NASHVILLE INDUSTRIAL 1st Quarter Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q 1Q Summary >> Nashville s industrial vacancy rate increased slightly in

More information

Leasing Activity Ticked Up with A Large Upswing of Absorption

Leasing Activity Ticked Up with A Large Upswing of Absorption Research & Forecast Report LONG ISLAND INDUSTRIAL MARKET Leasing Activity Ticked Up with A Large Upswing of Absorption Rose Liu Director of Finance & Research Long Island Takeaways > > The outlook of the

More information

Testing the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST

Testing the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST Research & Forecast Report ST. LOUIS OFFICE Second Quarter 2017 Testing the Waters In the second quarter 2017, an increasing number of Class A office property owners have begun testing the waters and placing

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

RALEIGH-DURHAM OFFICE Q1 2017

RALEIGH-DURHAM OFFICE Q1 2017 Research & Forecast Report RALEIGH-DURHAM OFFICE Q1 2017 Office Market Remains Stable During First Quarter 2017; Class A Market Continues to Peak Emily Bostic Research Analyst Raleigh-Durham Market Indicators

More information

Disappearing Vacancy PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report. Market Indicators - Tri-Valley 77.

Disappearing Vacancy PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report. Market Indicators - Tri-Valley 77. Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Disappearing Vacancy > The office market vacancy continued its downward trend to 9.3 percent > Overall market weighted average asking rents held

More information

The Rise of the Gold Coast

The Rise of the Gold Coast Research & Forecast Report Long Island OFFICE MARKET Q1 2015 The Rise of the Gold Coast Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B In the first quarter of 2015, Long Island

More information

Opportunities Continue to Elude Users

Opportunities Continue to Elude Users Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL 2018 Opportunities Continue to Elude Users > Tri-Valley industrial market vacancy inched upward to 1.5 percent > The weighted average asking

More information

Quiet Start to Second Half of 2017

Quiet Start to Second Half of 2017 Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Quiet Start to Second Half of > The vacancy rate for the Tri-Valley continued its downward slope closing the quarter at 10.0 percent > Weighted

More information

GSA office market is primed for new major tenants

GSA 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 information

Office Market Remained Steady in Q4

Office Market Remained Steady in Q4 Research & Forecast Report Long Island OFFICE MARKET Q4 2015 Office Market Remained Steady in Q4 Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Continuing the momentum, the Long

More information

RALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report.

RALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report. Research & Forecast Report RALEIGH- MULTIFAMILY MIDYEAR 2015 Demand at an All-Time High, Skyrocketing Same-Unit Rents Market Indicators Relative to prior period VACANCY Raleigh-Durham JAN 2015 Raleigh-Durham

More information

>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report

>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report Research & Forecast Report CHICAGO BIG BOX First Quarter 018 Big Box Vacancy Decreases for First Time in Two Years Craig Hurvitz Vice President Chicago The vacancy rate for the Chicago market s big box

More information

RALEIGH-DURHAM MULTIFAMILY Q Unprecedented Investment Sales Crush All-Time Records in Research & Forecast Report.

RALEIGH-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 information

Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding

Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding Research & Forecast Report RALEIGH-DURHAM INDUSTRIAL Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding Emily Bostic Research Analyst Raleigh-Durham Key Takeaways > > The Triangle

More information

Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3. Introduction. Research Wisconsin. Market Indicators

Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3. Introduction. Research Wisconsin. Market Indicators Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3 Research Wisconsin Introduction NORTHWEST With one of the biggest investments made by a foreign company to the United States, Q3 started

More information

Changing of the Guard

Changing of the Guard Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q1 2018 Changing of the Guard > > Office Inventory: 16,931,340 square feet > > Vacancy: 14.5 percent > > Net absorption: (88,606) square feet year-to-date

More information

2018: The Year of Office Sales

2018: The Year of Office Sales Research & Forecast Report RENO OFFICE Q4 2018 2018: The Year of Office Sales >> Multiple significant office sales over 10,000 square feet >> Large blocks of space returned to the market increasing vacancy

More information

Sharper fall in office rents and capital values

Sharper fall in office rents and capital values Research & Forecast Report SINGAPORE OFFICE Q1 2016 Sharper fall in office rents and capital values Joanna Chen Manager, Research and Advisory The office market faces a critical juncture in the next few

More information

RALEIGH-DURHAM MULTIFAMILY Year End 2017

RALEIGH-DURHAM MULTIFAMILY Year End 2017 Research Report -DURHAM MULTIFAMILY Year End 2017 Multifamily Growth Expected to Continue in 2018, Despite a Moderate Decrease in Permitting Totals Emily Bostic Research Analyst Raleigh-Durham Key Takeaways

More information

Lexington coins a new identity

Lexington coins a new identity Research & Forecast Report COLUMBIA, SC RETAIL Q4 2017 Lexington coins a new identity Crystal Baker Research Coordinator South Carolina Key Takeaways > > Average triple net core area rental rates slowly

More information

Gaining Traction Gradually in 2018

Gaining Traction Gradually in 2018 Research & Forecast Report RENO OFFICE Q1 2018 Gaining Traction Gradually in 2018 >> Overall vacancy increased slightly to 12.3% >> Negative net absorption of 13,792 square feet >> Rental rates remained

More information

With Low Vacancy, What Is Next?

With Low Vacancy, What Is Next? Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 With Low Vacancy, What Is Next? > Vacancy rates continue to fall, reporting 5.4 percent for the third quarter. > Asking rates climb to $0.72

More information

The Woodlands office submarket snapshot

The Woodlands office submarket snapshot Gosling Rd. Research Snapshot THE WOODLANDS OFFICE Q2 218 office submarket snapshot Lisa Bridges Director of Market Research Houston Once again, office submarket performed well over the quarter, posting

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

Oh Midsize Spaces, Where Art Thou?

Oh Midsize Spaces, Where Art Thou? Research & Forecast Report RENO INDUSTRIAL Q1 2018 Oh Midsize Spaces, Where Art Thou? > > Vacancy decreased to 5.38% > > 919,515 square feet of Gross Absorption > > Industrial land is becoming the next

More information

Legal Industry: Bigger No Longer Better

Legal Industry: Bigger No Longer Better MARKET REPORT DISTRICT OF COLUMBIA OFFICE First Quarter 2017 Legal Industry: Bigger No Longer Better After a strong end to 2016, leasing activity in the beginning of 2017 started with a whimper. Just two

More information

Sleepy Close to 2017 PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators

Sleepy Close to 2017 PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q4 Sleepy Close to > Tri-Valley vacancy reported 10.4 percent, up slightly from the previous quarter > Weighted average asking rents remained flat

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

New development will attract retailers

New 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 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

Specialized retail remains successful

Specialized retail remains successful Research & Forecast Report COLUMBIA, SC RETAIL Q2 2018 Specialized retail remains successful Crystal Baker Research Coordinator South Carolina Key Takeaways > > Average retail market rental rates gradually

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

Continued Malaise PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators

Continued Malaise PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE 2018 Continued Malaise > A slight uptick in vacancy to 10.9 percent proved a relatively flat quarter > Weighted average asking rents increased slightly

More information

>> Orange County Vacancy Continues to Decline

>> Orange County Vacancy Continues to Decline Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Continues to Decline Key Takeaways > The South County submarket led the Orange County market in overall net absorption

More information

Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come

Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come Research Report RALEIGH-DURHAM INDUSTRIAL Q1 2018 Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come Key Takeaways > > The demand for industrial space in the Raleigh-Durham

More information

For Lease. Center Oak Plaza 1119 Johnnie Dodds Blvd Mount Pleasant, South Carolina LOCATED IN THE HEART OF MOUNT PLEASANT

For Lease. Center Oak Plaza 1119 Johnnie Dodds Blvd Mount Pleasant, South Carolina LOCATED IN THE HEART OF MOUNT PLEASANT For Lease Center Oak Plaza 1119 Johnnie Dodds Blvd Mount Pleasant, South Carolina 29464 LOCATED IN THE HEART OF MOUNT PLEASANT For More Information, Contact: Vitré Ravenel Stephens Senior Vice President

More information

RALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report.

RALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report. Research & Forecast Report RALEIGHDURHAM MULTIFAMILY MidYear 2018 Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand Ed Finley Research Analyst RaleighDurham Market Indicators Relative

More information

RALEIGH-DURHAM OFFICE

RALEIGH-DURHAM OFFICE Research Report RALEIGH-DURHAM OFFICE Q3 2017 Accelerate Success New Third Quarter Office Deliveries Contribute to Moderate Increase in Vacancy Emily Bostic Research Analyst Raleigh-Durham Market Indicators

More information

Nashville the #5 Market to Watch in 2019

Nashville the #5 Market to Watch in 2019 Research & Forecast Report NASHVILLE INDUSTRIAL 4 th Quarter Nashville the #5 Market to Watch in 2019 Industrial Market The industrial real estate sector is currently undergoing one of the greatest expansionary

More information

>> South Bay Market Hits 9-Year High in Demand

>> South Bay Market Hits 9-Year High in Demand Research & Forecast Report South Bay OFFICE Q3 2016 Accelerating success. >> South Bay Market Hits 9-Year High in Demand Key Takeaways > The El Segundo/Beach Cities submarket once again led the South Bay

More information

Strong Marketwide Leasing Activity Points To A Strong Finish for Tri-Cities

Strong Marketwide Leasing Activity Points To A Strong Finish for Tri-Cities OFFICE TRI-CITIES MARKET REPORT Strong Marketwide Leasing Activity Points To A Strong Finish for Tri-Cities MARKET OVERVIEW MARKET INDICATORS - VACANCY 14.9% NET ABSORPTION 254,6 CONSTRUCTION 113,8 RENTAL

More information

>> 2016 Off to A Good Start for Tri-Cities

>> 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 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

Industrialists and landlords to brace for challenges in 2016

Industrialists and landlords to brace for challenges in 2016 Research & Forecast Report SINGAPORE INDUSTRIAL Q1 2016 Industrialists and landlords to brace for challenges in 2016 Doreen Goh Associate Director, Research and Advisory Leasing activities in the industrial

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

Time for Retail to Take Stock

Time for Retail to Take Stock Q1 2013 RETAIL LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Time for Retail to Take Stock It is heartening to say, after five years of a bad economy, that the first quarter of 2013 s 119,649 square feet

More information

QUARTERLY REPORT CHARLESTON, SOUTH CAROLINA SECOND QUARTER, 2015

QUARTERLY REPORT CHARLESTON, SOUTH CAROLINA SECOND QUARTER, 2015 QUARTERLY REPORT CHARLESTON, SOUTH CAROLINA SECOND QUARTER, 2015 www.lincolnharris.com a promise of value... Mike Ferrer, CCIM Broker in Charge (843) 568-3427 mobile (843) 952-2065 fax mike.ferrer@lincolnharris.com

More information

Office Leasing Activity Hits a Road Bump In Omaha and Nationally

Office Leasing Activity Hits a Road Bump In Omaha and Nationally Research & Forecast Report OMAHA OFFICE Fourth Quarter 2017 Office Leasing Activity Hits a Road Bump In Omaha and Nationally In the fourth quarter of 2017, the Omaha office market experienced negative

More information

> Overall vacancy increased to 12.3 percent from 10.8 percent previously. Vacancy. Construction. Rental Rate. *Projected $2.90 $2.70 $2.50 $2.

> Overall vacancy increased to 12.3 percent from 10.8 percent previously. Vacancy. Construction. Rental Rate. *Projected $2.90 $2.70 $2.50 $2. Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Sublease This! > Overall vacancy increased to 12.3 percent from 10.8 percent previously > Weighted average asking rents increased to $2.80 per square

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

For Lease. Center Oak Plaza 1119 Johnnie Dodds Blvd Mount Pleasant, South Carolina LOCATED IN THE HEART OF MOUNT PLEASANT

For Lease. Center Oak Plaza 1119 Johnnie Dodds Blvd Mount Pleasant, South Carolina LOCATED IN THE HEART OF MOUNT PLEASANT For Lease Center Oak Plaza 1119 Johnnie Dodds Blvd Mount Pleasant, South Carolina 29464 LOCATED IN THE HEART OF MOUNT PLEASANT For More Information, Contact: Vitré Ravenel Stephens Vice President Retail

More information

>> Strong Sales Activity Persists in Second Quarter

>> Strong Sales Activity Persists in Second Quarter Research & Forecast Report TRI-CITIES OFFICE Q2 217 Accelerating success. >> Strong Sales Activity Persists in Second Quarter Key Takeaways > Overall vacancy in the Tri-Cities office market decreased in

More information

LUTON Investor Information

LUTON Investor Information LUTON Investor Information LUTON Investor Information LUTON OVERVIEW Credited as one of the country s top five most affordable towns and one of the fastest growing areas for business and regenerative growth,

More information

100 Hegenberger Road Oakland, CA

100 Hegenberger Road Oakland, CA Owner User / Investment Opportunity 100 Hegenberger Road Oakland, CA Oakland Coliseum-Airport Investment Contacts: John Dolby Executive Director +1 510 267 6027 john.dolby@cushwake.com LIC #00670630 Dane

More information

Vacancy Rates Hit All-Time Low in Northern Nevada

Vacancy Rates Hit All-Time Low in Northern Nevada Research & Forecast Report RENO INDUSTRIAL Q3 2018 Vacancy Rates Hit All-Time Low in Northern Nevada > > Vacancy is at an all-time low for the market at 4.86% > > A strong quarter for gross and net absorption

More information

South Bay Records Nine Straight Quarters of Rate Increases

South Bay Records Nine Straight Quarters of Rate Increases office SOUTH BAY market report South Bay Records Nine Straight Quarters of Rate Increases Market overview MARKET indicators - VACANCY 20.0% NET ABSORPTION 210,400 CONSTRUCTION 365,300 RENTAL RATE $2.27

More information

>> Orange County Rents Increase to Start 2017

>> Orange County Rents Increase to Start 2017 Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Rents Increase to Start 2017 Key Takeaways > The Orange County office market saw positive demand for the first part

More information

Available Scarcity: Looking for Space in 2016

Available Scarcity: Looking for Space in 2016 Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q4 Available Scarcity: Looking for Space in 2016 > Hitting an all-time low, overall vacancy drops to 4.4 percent. > Overall weighted average

More information

Colliers International Indiana Region

Colliers International Indiana Region Colliers International Indiana Region THIRD QUARTER 2011 INDUSTRIAL MARKET REPORT Q3 2011 INDUSTRIAL COLLIERS INTERNATIONAL INDIANA REGION RESEARCH & FORECAST REPORT High Occupancy Levels Lead to Large

More information

>> Orange County Market Gains Positive Momentum

>> Orange County Market Gains Positive Momentum Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> Orange County Market Gains Positive Momentum Key Takeaways > The Orange County office market saw positive demand for third quarter

More information