Austin s office market is fast, competitive and expensive
|
|
- Meagan Russell
- 5 years ago
- Views:
Transcription
1 Research & Forecast Report AUSTIN OFFICE Q Austin s office market is fast, competitive and expensive Kaitlin Holm Research and Marketing Coordinator Austin Boots On The Ground Commentary by David Bremer Our Boots on the Ground viewpoint is the voice of our experts, who have broken down the market data and compared it to what they are seeing for themselves. This is their take on what the numbers actually mean for the Austin office market. Austin s current office market can be summed up in three words: fast, competitive and expensive. While absorption decreased and vacancy went up slightly in the second quarter, the market has been extremely busy in comparison to past summer slowdowns. Rates and operating expenses have continued to trend upward, primarily due to skyrocketing taxes. We are seeing competition for prime spaces in almost every submarket in the city. We are setting rental rate records in the CBD ($45+ operating expenses), Eastside properties continue to mimic the CBD s upward rate trends (including the obligation to pay for parking at most new developments) and Class A suburban properties are commanding record rental rates as well. Fast can be a bit misleading, but tenants are being forced to move on properties very quickly in order to separate themselves from competition. Deal pace has simultaneously slowed down as Landlords take their time to negotiate and document the deal the way they want it. While small and medium sized office users are feeling the pain of higher rents and operating expenses, the competition for space isn t as significant. There are plenty of options available, but Landlords continue to push for longer lease terms (which are often necessary to cover increasing construction/improvement expenses). With increasing rents, Austin follows the national trend of trying to fit a lot of people in a small space. In the CBD, the average tech tenant now targets 5.5 people per 1,000 SF, yet the average parking ratio is closer to 2.5 per 1,000 SF. It s important to do your homework and consider the possible pitfalls associated with high density: Are you at risk of triggering a density clause? Can you park your employees? Will the air conditioning and electric capacity keep up in August? Also, all tenants need to pay close attention to continuously rising construction costs. Taking the time to think through construction and get preliminary bids can be the difference between a great process and a messy one. Future Forecast If the rumor mill is correct, there are some more big deals coming down the pipeline. Our market has been waiting patiently for new product to come to market in order to provide some breathing room, but as we get closer to buildings being delivered (Domain, North, East) and beginning construction (CBD), we re hearing about big corporate users preleasing space. We ll give you a hint: Look at the big users that have been taking down space for the past 3 years and expect more of the same. We don t think much of the space that is set to deliver over the next two years will deliver free and clear. As long as we don t see a tech bust, we feel that the market is going to remain fast, competitive and expensive. By The Numbers TOTAL INVENTORY 51.9M SF Q2 NET ABSORPTION -446,698 SF TOTAL UNDER CONSTRUCTION 4.09M SF AVERAGE /SF $34.51 CBD CLASS A $56.98 as tracked by Colliers *Rates inclusive of estimated operating expenses. TOTAL 12.3% YTD NET ABSORPTION -684,045 SF TOTAL PRE-LEASED 2.1M SF SUBURBAN CLASS A $36.26
2 Austin Office Overview In the second quarter of 2018, Austin s office market reported 446,698 SF of negative net absorption. The majority of the negative absorption happened in class A buildings with a total of 241,458 SF of negative net absorption. Class B buildings in Austin posted 218,469 SF of negative net absorption and class C properties posted 13,229 SF of positive net absorption. There is currently 4,090,698 SF of office space under construction and 2,131,315 SF of that is pre-leased. The third quarter of 2018 is expected to see 1,155,314 SF of deliveries and 729,396 SF of that is pre-leased. One of the buildings set to deliver in the third quarter of 2018 is Domain Tower. The entire 309,883 SF building has been leased to Indeed.com, who is set to move in at the end of the year. 810 Barton Springs Road in the South submarket is WeWork s newest location. The 90,500 SF building delivered in July Barton was also the largest of the four buildings to deliver in the second quarter. Looking forward, the third quarter in 2018 is expected to see eleven new buildings deliver. The citywide average rental rate decreased over the quarter from $35.06 per SF in Q to $34.51 per SF in Q Class A rental rates in Austin s CBD decreased by 3.6% over the quarter to $49.59 per SF from $51.45 per SF in the first quarter of Overall suburban Class A rental rates decreased, from $37.03 per SF to $36.26, over the quarter. In April, Austin was named the best place to live in the United States for the second year in the row by U.S News & World Report. This list ranks the top 125 largest metropolitan areas in the U.S. and is based on affordability, job prospects and quality of life. Austin was followed on the list by Colorado Springs and Denver, Colorado. Des Moines, Iowa and Fayetteville, Arkansas rounded out the top five top places to live. San Antonio was ranked 14th on the list and Dallas-Fort Worth was ranked 18th. Houston was ranked the lowest of the major Texas metros, but it was ranked 26th on the list just below Boston, Massachusetts. Vacancy & Availability Austin s citywide vacancy rate increased from 11.2% in the first quarter of 2018 to 12.3% in the second quarter of The CBD class A vacancy rate increased from 8.9% in the first quarter of 2018 to 9.9% in the second quarter of The suburban class A vacancy rate increased quarter over quarter from 11.0% to 12.2%. Overall suburban vacancy increased quarter over quarter from 11.0% in Q to 12.2% in Q The only submarkets that recorded a decrease in vacancy over the quarter include Cedar Park, Central, East and South. The Southeast submarket reported the largest increase in vacancy, climbing from 14.6% to 24.7% over the quarter. ANNUAL ABSORPTION, NEW SUPPLY, AND 700, , , , , , , , ,000 Market Indicators Relative to prior period NET ABSORPTION NEW CONSTRUCTION UNDER CONSTRUCTION *Projected Annual Change Quarterly Change Quarterly Forecast* Summary Statistics Austin Office Market Q Q Q Vacancy Rate 11.5% 11.2% 12.3% Net Absorption (Million Square Feet) New Construction (Million Square Feet) Under Construction (Million Square Feet) Class A Vacancy Rate CBD Suburban Net Absorption New Supply Vacancy Gross Asking Rents Per Square Foot Per Year % 11.4% 8.9% 11.0% 9.9% 12.2% Average $33.99 $35.06 $34.51 CBD Class A $49.84 $51.45 $49.59 Suburban Class A $34.69 $37.03 $ Austin Research & Forecast Report Q Office Colliers International
3 QUARTERLY ABSORPTION, NEW SUPPLY, AND 1,200,000 1,000, , , , , ,000 Absorption & Demand Net Absorption New Supply Vacancy Austin s office market posted 446,698 square feet of negative net absorption in Q The submarkets that experienced positive net absorption gains over the quarter include Cedar Park, Central, East, Round Rock, South and Southwest. We believe a lot of the negative absorption being recoreded on CoStar is due to some of Oracle s old spaces being put on the market. 16.0% 14.0% 12.0% 10.0% A majority of the positive net absorption over the quarter occurred in the class A Northwest submarket, totaling 52,198 square feet of positive net absorption. Some of this can be attributed to Alcatel- Lucent moving into their 38,044 SF space at Campus at the Arboterum V (10431 Morado Cirle). The second highest positive net absorption occurred in class B space in the Central submarket, with 44,108 square feet absorbed over the second quarter and with three undisclosed tenants moving into a total of 71,720 square feet of space throughout the submarket. The Southwest submarket recorded the greatest number of leases for spaces 10,000 square feet or larger in the second quarter. There were eight leases signed in Q2 in the Southwest submarket including the City of Austin taking 25,137 square feet at Barton Oaks Plaza V (901 S MoPac Expressway). The CBD submarket had the highest amount of square feet leased in Q2 with 416,005 square feet reported. One of the leases signed was Indeed s 307,771 square foot lease at Block 71 (200 West 6th Street). Rental Rates According to CoStar, our data provider, Austin s citywide average rental rate decreased over the quarter from $35.06 per SF to $34.51 per SF. Since we are seeing an upward trend in rental rates throughout the market, this decrease may be due to some Lower Level or Basement space coming availale. As expected, the highest rates across the Austin office market in the second quarter were in CBD class A buildings where rental rates averaged $49.59 per SF. Rental rates were also high in the Southwest and West Central submarkets where class A rental rates reached $40.67 per SF and $43.09 per SF, respectively. 8.0% 6.0% 4.0% 2.0% 0.0% Job Growth & Unemployment (not seasonally adjusted) UNEMPLOYMENT 5/17 5/18 AUSTIN 3.0% 2.8% TEXAS 4.1% 3.7% U.S. 4.1% 3.6% JOB GROWTH 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% $50.00 $45.00 $40.00 $35.00 $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 CBD Vacancy Annual Change # of Jobs Added AUSTIN 3.3% 33.9K TEXAS 2.8% 344.7K U.S. 1.6% 2.4M CBD vs. Suburban CLASS A OFFICE CLASS A OFFICE RENTS Suburban Vacancy Citywide class B rental rates increased in Q2 from $28.24 in Q1 to $28.80 per square foot. CBD class B rental rates increased by 1.3% over the quarter from $43.38 per square foot to $43.96 per square foot in Q CBD Rents Suburban Rents 3 Austin Research & Forecast Report Q Office Colliers International
4 Leasing Activity Austin s office market recorded 1,424,506 SF of leasing activity in Q Major transactions this quarter included Indeed pre-leasing ten floors at 200 W 6th St (Block 71), totalling 307,771 SF. Block 71 is not set to deliver until Q2 of 2021 and is already 46% leased. Q Top Office Lease Transactions BUILDING NAME/ADDRESS SUBMARKET SF TENANT LEASE DATE 200 W 6th St CBD 307,771 Indeed May Directors Blvd Southeast 206,418 Internal Revenue Service 1 May Park Thirty Five Cir North/Domain 197,496 Texas Commission on Environmental Quality 1 May Tracor Ln East 44,418 American Honeybee Protection Agency Jun E 6th St East 43,000 Zebra Jun Quick Hill Rd North/Domain 42,739 Undisclosed Jun E 6th St East 30,309 ForeFlight Jun Marathon Blvd West Central 26,391 Undisclosed Jun E 9th St CBD 25,805 YouEarnedIt Apr S MoPac Expy Southwest 25,137 City of Austin May S MoPac Expy Southwest 25,001 Undisclosed Jun E 6th St East 24,625 Car2Go Jun Bridgepoint Pky Northwest 22,559 Undisclosed Apr N MoPac Expy Northwest 22,328 MHNet Jun W 6th St CBD 22,118 Procore May Airport Blvd Central 21,363 Undisclosed Jun N MoPac Expy Northwest 21,034 Undisclosed Apr Congress Ave CBD 20,304 Undisclosed Jun Wadley Pl North Ind 20,000 Undisclosed Apr-18 1 Renewal Sales Activity Austin s office investment sales activity included three transactions. Boyd Watterson Asset Management purchased the 206,418 square foot IRS Compliance Center from Honeck Properties, LP as part of a portfolio sale that sold for almost 65 million dollars. Met Center 9 was purchased by Digital Realty Trust from World Class Property Company for around $ per square foot. Q Significant Sales Transactions (100,000 SF or greater) BUILDING ADDRESS SUBMARKET RBA YEAR BUILT BUYER SELLER SALE PRICE $/SF CLOSED IRS Compliance Center Directors Blvd 1 Southeast 206, Met Center E Ben White Blvd 1,2 Southeast 103, Quarry Lake Business Center Seton Center Pky Sources: CoStar and Real Capital Analytics 1 Part of a portfolio 2 Sale Price is Approximate Boyd Watterson Asset Management World Class Property Company Honeck Properties, LP $64,750, $ Apr-18 Digital Realty Trust $13,703, $ Apr-18 Northwest 117, Velocity Credit Union Riverside Resources Undisclosed May-18 4 Austin Research & Forecast Report Q Office Colliers International
5 This Austin is placeholder Office Market text. Place Summary your text (CBD, here. Suburban, & Overall) INVENTORY DIRECT SUBLEASE NET ABSORPTION RENTAL CLASS # OF BLDGS TOTAL TOTAL Q Q Q Q CBD A 31 7,750, , % 38, % 765, % 8.9% -79, ,927 $49.59 B 36 2,831, , % 43, % 263, % 9.2% -2,958-47,199 $43.96 C 9 524,277 13, % 11, % 24, % 3.0% -8, $30.29 Total 76 11,106, , % 93, % 1,054, % 8.7% -91, ,676 $47.98 SUBURBAN A ,350,576 2,046, % 438, % 2,485, % 11.0% -161, ,179 $36.26 B ,463,385 2,439, % 201, % 2,640, % 13.5% -215, ,674 $27.32 C 60 3,017, , % 3, % 226, % 8.2% 22,168-12,170 $24.03 Total ,831,328 4,707, % 644, % 5,352, % 11.9% -355, ,023 $32.04 OVERALL A ,101,388 2,773, % 477, % 3,251, % 10.4% -241,458 45,748 $38.98 B ,294,573 2,658, % 245, % 2,904, % 12.9% -218, ,873 $28.80 C 69 3,541, , % 14, % 250, % 7.5% 13,229-11,222 $24.57 Total ,937,605 5,668, % 737, % 6,406, % 11.2% -446, ,347 $34.51 AVG ($/ SF) Austin Suburban Office Market Summary INVENTORY DIRECT SUBLEASE NET ABSORPTION RENTAL CLASS # OF BLDGS TOTAL TOTAL Q Q Q Q AVG ($/ SF) CEDAR PARK A 2 232,274 28, % 0 0.0% 28, % 14.2% 4, $34.05 B 4 174,000 26, % 0 0.0% 26, % 19.3% 7, $27.00 Chart Title One Line Total 6 406,274 54, % 0 0.0% 54, % 16.4% 11, $31.14 CENTRAL. Chart Title A 3 474,288 51, % 4, % 55, % 15.9% 19,899-44,568 $39.89 SUBHEAD 1 SUBHEAD 1 SUBHEAD 1 SUBHEAD 1 B 33 1,869, , % 12, % 138, % 9.8% 44,108-41,796 $28.82 C Body ,153 15, % 0 0.0% 15, % 1.8% -1,739-4,478 $25.54 Total 49 3,120, , % 16, % 209, % 8.7% 62,268-90,842 $29.16 EAST A 3 162, % 0 0.0% 0 0.0% 0.0% 0 4,866 $40.55 B 14 1,086, , % 0 0.0% 492, % 45.6% 3,314-5,276 $32.98 C 4 147, % 0 0.0% 0 0.0% 0.0% Total 21 1,396, , % 0 0.0% 492, % 35.5% 3, $34.31 FAR NORTHEAST B 1 23, % 0 0.0% 0 0.0% 0.0% Total 1 23, % 0 0.0% 0 0.0% 0.0% FAR NORTHWEST A 15 2,206, , % 30, % 261, % 10.6% -26,555-30,771 $31.67 B 7 282,360 15, % 0 0.0% 15, % 3.3% -6,283 21,720 $24.24 C 3 139,876 9, % 3, % 13, % 5.5% 0-5,515 $21.39 Total 25 2,628, , % 34, % 290, % 9.8% -32,838-14,566 $ Austin Research & Forecast Report Q Office Colliers International
6 Austin Suburban Office Market Summary - Continued INVENTORY DIRECT SUBLEASE NET ABSORPTION RENTAL CLASS # OF BLDGS. TOTAL TOTAL Q Q Q Q AVG ($/SF) NORTH/DOMAIN A 15 2,187,755 93, % 19, % 113, % 3.1% -45,948 1,964 $38.42 B 37 2,176, , % 14, % 244, % 13.1% 41,434-7,797 $26.62 C 2 102,925 76, % 0 0.0% 76, % 74.6% Total 54 4,467, , % 33, % 434, % 9.6% -4,514-5,833 $31.86 NORTHEAST A 5 413,863 11, % 92, % 104, % 2.0% -96,408 36,240 $25.51 B 19 1,308, , % 117, % 333, % 20.3% -66, ,718 $20.65 C 8 276,413 80, % 0 0.0% 80, % 30.2% 2,690-2,690 $22.54 Total 32 1,998, , % 209, % 518, % 17.9% -160,671-81,168 $21.51 NORTHWEST A 73 6,906, , % 107, % 719, % 11.2% 52,198-8,458 $35.15 B 96 4,282, , % 28, % 670, % 13.0% -115,391-71,346 $29.13 C 5 425, % 0 0.0% 0 0.0% 0.0% 0 1,013 $22.78 Total ,614,537 1,253, % 136, % 1,389, % 11.4% -63,193-78,791 $33.02 ROUND ROCK A 5 436,764 98, % 0 0.0% 98, % 1.0% ,150 $32.54 B ,635 33, % 10, % 43, % 10.2% 4,500-8,896 $24.76 C 5 189,274 2, % 0 0.0% 2, % 1.6% $26.67 Total 22 1,101, , % 10, % 145, % 5.4% 4,737-10,046 $30.21 SOUTH A 5 395,493 18, % 0 0.0% 18, % 7.9% 12,352-9,705 $40.16 B 24 1,159,867 38, % 9, % 47, % 4.8% 8,035-5,462 $28.06 C ,997 23, % 0 0.0% 23, % 6.6% 19,871-1,206 $25.45 Total 41 2,209,357 80, % 9, % 89, % 5.9% 40,258-16,373 $34.55 SOUTHEAST A 1 330, , % 0 0.0% 212, % 44.8% -64,392-10,321 $27.72 B 17 1,795, , % 0 0.0% 351, % 10.3% -166,654 2,665 $23.53 C 4 161,933 1, % 0 0.0% 1, % 0.6% 0 0 $15.00 Total 22 2,287, , % 0 0.0% 564, % 14.6% -231,046-7,656 $22.98 SOUTHWEST A 50 6,014, , % 180, % 841, % 13.9% -3,385-41,984 $40.67 B 70 2,742, , % 8, % 274, % 8.6% 33,753 2,970 $32.03 C 3 94,138 8, % 0 0.0% 8, % 9.3% $27.33 Total 123 8,850, , % 189, % 1,123, % 12.3% 30,964-39,014 $38.04 WEST CENTRAL A 5 590,450 28, % 3, % 32, % 3.2% -13, $43.09 B 3 85,148 2, % % 2, % 0.0% -2,884 3,152 $43.03 C 1 50,132 4, % 0 0.0% 4, % 9.6% Total 9 725,730 35, % 4, % 39, % 3.3% -16,205 3,664 $ Austin Research & Forecast Report Q Office Colliers International
7 Office Development Pipeline 4,090,698 square feet of office space was under construction during Q The largest of the four buildings to deliver in Q2 was Summit II at La Frontera, a 95,000 square foot building at 710 Hester s Crossing Road. Ten buildings were given the green light to begin construction this quarter. BUILDING NAME ADDRESS SUBMARKET SF PRE- LEASED DEVELOPER EST. DELIVERY Fourth & Office 1800 E 4th St East 42, % Capsa Ventures Jul-18 Building Sheldon Cv Northeast 32, % Unknown Jul-18 Building Sheldon Cv Northeast 50, % Unknown Jul-18 Preserve at N FM 620 Far Northwest 226, % PacVentures, Inc. Jul-18 Texas Mutual Insurance 2200 Aldrich East 270, % Catellus Austin LLC Aug N Lamar Blvd 1000 N Lamar Blvd West Central 20, % Unknown Aug-18 Harrison Building 3205 Industrial Ter North/Domain 11, % Unknown Aug-18 Domain Tower Domain Dr North/Domain 309, % HPI Real Estate Services & Sep-18 Investments Parmer McCallen Pass Northeast 115, % Karlin Real Estate Sep-18 Mesa Creek 801 E Old Settlers Blvd Round Rock 60, % Halff Associates Sep-18 Scottsdale East - Building G 1615 Scottsdale Rd Cedar Park 20, % Unknown Sep-18 Third + Shoal 208 Nueces St CBD 347, % TIER REIT Oct E 6th St 901 E 6th St East 129, % Pegalo Properties Oct-18 Parmer Office Condos 3109 Kenai Dr Cedar Park 18, % Unknown Oct-18 The Reserve at Oak Hill 6804 Old Bee Caves Rd Southwest 38, % Unknown Oct-18 Springdale General 1023 Springdale Rd East 165, % Unknown Nov-18 Chandler Creek Business Park - Bldg Eagles Nest St Round Rock 16, % Unknown Nov-18 K1 Chandler Creek Business Park - Bldg Eagles Nest St Round Rock 16, % Unknown Nov-18 K2 Building S Lakeline Blvd Cedar Park 22, % Unknown Dec-18 Bldg E Pflugerville Pky Far Northeast 10, % Unknown Dec-18 Bldg E Pflugerville Pky Far Northeast 15, % Unknown Dec-18 Domain Esperanza Xing North/Domain 315, % Endeavor Real Estate Group Dec S Lamar Blvd 2010 S Lamar Blvd South 78, % Unknown Dec-18 The Hills Professional II 4615 Bee Caves Rd Southwest 29, % Unknown Dec-18 Foundry 310 Comal St East 75, % Cielo Realty Partners Feb E 6th St 1801 E 6th St East 134, % Riverside Resources Mar-19 Building III 7717 Southwest Pky Southwest 20, % Unknown Mar-19 Saint Elmo Plaza 4223 S Congress Ave South 100, % GroundFloor Development Apr-19 Wesco 8656 W State Highway 71 Southwest 19, % Unknown Apr-19 SXSW Center 1400 Lavaca St CBD 140, % Greenbelt Commercial Jun-19 Offices At Saltillo 901 E 5th East 150, % Endeavor Real Estate Group Jun-19 Buildings 2, 3, 4,, 5, 7, 9, Ronald Regan Blvd Round Rock 36, % Huffman Builders Jun-19 Domain Esperanza Xing North/Domain 320, % TIER REIT, Inc. Aug-19 Building S Congress Ave South 53, % Unknown Oct-19 Block W 6th St CBD 678, % Trammell Crow Central Texas Ltd Apr-21 7 Austin Research & Forecast Report Q Office Colliers International
8 QUOTED GROSS RENTAL S FOR EXISTING TOP PERFORMING OFFICE BUILDINGS BUILDING NAME ADDRESS SUBMARKET RBA YEAR BUILT % LEASED AVAIL. SF RENT ($/SF) OWNER Frost Bank Tower 401 Congress Ave CBD 535, % 86,229 $78.20 CalSTRS 600 Congress 600 Congress Ave CBD 503, % 100,694 $54.54 CalSTRS 301 Congress Ave 301 Congress Ave CBD 446, % 67,097 $63.79 PGIM, Inc. 816 Congress 816 Congress Ave CBD 433, % 38,249 $54.98 Cousins Properties San Jacinto Center 98 San Jacinto Blvd CBD 410, % 49,144 $64.79 Cousins Properties Chase Tower 221 W 6th St CBD 389, % 88,692 $60.51 Lincoln Property Company University of Texas System 210 W 7th St CBD 342, % 27,244 $59.50 Board of Regents of the University of Texas System 7700 W Parmer Ln - Bldg B 7700 W Parmer Ln Far Northwest 335, % 5,373 $40.27 Accesso Partners LLC Austin Centre 701 Brazos St CBD 326, % 70,937 $52.46 Sidra Real Estate, Inc W Parmer Ln - Bldg C 7700 W Parmer Ln Far Northwest 287, % 11,540 $41.48 Accesso Partners LLC Bank Of America Center 515 Congress Ave CBD 263, % 65,393 $61.31 KBS REIT III, Inc. University Park 3300 N Interstate 35 Central 206, % 39,229 $47.53 Lionstone Investments Note: Avail. SF includes direct and sublet space as well as any future available space listed. Source: CoStar Property Q Austin Office Highlights FOR MORE INFORMATION Kaitlin Holm Research and Marketing Coordinator Austin kaitlin.holm@colliers.com Copyright 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. Colliers International Market 000 Colliers Address, International Suite # Austin Congress Address, Avenue, Suite # Suite Austin, 000 Texas colliers.com/<<market>> colliers.com/texas/austin 8 North American Research & Forecast Report Q Office Market Outlook Colliers International
Austin s office rental rates continue to grow along with its population
Research & Forecast Report AUSTIN OFFICE Q3 2016 Austin s office rental rates continue to grow along with its population Kaitlin Holm Research and Marketing Coordinator Austin Austin continues to grow
More information2.8M SF of construction paired with high occupancy rates prove Austin s office market is hotter than ever in 3Q 2014.
Q3 2014 OFFICE MARKET AUSTIN OFFICE MARKET RESEARCH & FORECAST REPORT 2.8M SF of construction paired with high occupancy rates prove Austin s office market is hotter than ever in 3Q 2014. AUSTIN OFFICE
More informationHouston 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 informationHouston 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 informationHouston s Strong Job Growth Boosts Office Leasing Activity
) Q2 2012 OFFICE MARKET HOUSTON OFFICE MARKET RESEARCH & FORECAST REPORT Houston s Strong Job Growth Boosts Office Leasing Activity MARKET INDICATORS Q2 2011 Q2 2012 CITYWIDE NET ABSORPTION (SF) 81k 1.4m
More informationHouston s Industrial Market 2013 YTD Positive Net Absorption Reaches 4.5M SF Houston
Q3 2013 INDUSTRIAL MARKET HOUSTON INDUSTRIAL MARKET RESEARCH & FORECAST REPORT Houston s Industrial Market 2013 YTD Positive Net Absorption Reaches 4.5M SF Houston HOUSTON INDUSTRIAL MARKET INDICATORS
More informationVacancy 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 information2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS
Market Report METRO DENVER OFFICE Q4 2017 2017: A Solid Year for the Metro Denver Office Sector MARKET OVERVIEW Denver s office market finished 2017 with strong positive absorption during the fourth quarter
More informationResearch AUSTIN 1Q16 OFFICE MARKET. Current Conditions
is a Top Pick Going into 2016 The office market recognized its 14th consecutive quarter of positive net absorption in the first quarter of 2016, as its vacancy rate fell to 10., significantly lower than
More information2Q 17. Long Island Market Report
2Q 17 Long Island Market Report Long Island Office 2Q 217 Long Island 2Q17 Office Office Report The Long Island Office market ended the second quarter 217 with a vacancy rate of 7.2%. The vacancy rate
More information>> 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 informationSolid 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 informationMonthly 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 informationHomestretch: Office Market Set to Finish Strong
Research & Forecast Report RENO OFFICE Q3 2016 Homestretch: Office Market Set to Finish Strong >> Vacancy drops significantly the largest drop quarter over quarter in 2016 >> Rental rates are not increasing
More informationQuarterly Market Report
OCTOBER EXECUTIVE SUMMARY San Antonio office market hits record high for rents Full-service asking rents rose by $.11 per sq. ft. quarter-over-quarter to close at $22. an all-time high with an increase
More informationNashville 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 informationYear End Deliveries Drive Leasing Activity In the Raleigh-Durham Market
Research Report RALEIGH-DURHAM OFFICE Q4 2018 Accelerate Success Year End Deliveries Drive Leasing Activity In the Raleigh-Durham Market Kelsey Rogers Senior Research Analyst Raleigh-Durham Market Indicators
More informationIndustrial 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 informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended September 30, 2007
F-6 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended September 30, 2007 Finance, Audit & Facilities Committee November 15, 2007 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
PHOENIX, ARIZONA INDUSTRIAL THIRD QUARTER 217 QUICK STATS Direct Vacancy 8.7% Overall Vacancy 9.% Lease Rate NNN $.54 Gross Absorption Under Construction MARKET TRENDS Current Quarter 5,991,128 SF 4,751,494
More informationOffice 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 informationCoStar Industrial Statistics. Y e a r - E n d Brownsville/Harlingen Industrial Market
CoStar Industrial Statistics Y e a r - E n d 2 0 1 7 Brownsville/Harlingen Industrial Market Brownsville/Harlingen Industrial Market Year-End 2017 Brownsville/Harlingen Table of Contents Table of Contents.................................................................
More information1Q 17. Long Island Market Report
1Q 17 Long Island Market Report Long Island Office 1Q 217 Long Island 1Q17 Office Office Report The Long Island Office market ended the first quarter 217 with a vacancy rate of 7.1%. The vacancy rate was
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2006
F-11 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2006 Finance, Audit & Facilities Committee March 22, 2006 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationMetropolitan Milwaukee Office Market Report Third Quarter 2015
Metropolitan Milwaukee Office Market Report Third Quarter 2015 RETAIL OFFICE INDUSTRIAL LAND INVESTMENT NAI MLG COMMERCIAL 414 347 9400 757 N BROADWAY, SUITE 700, MILWAUKEE, WI 53202 MLGCOMMERCIAL.COM
More informationStrong 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>> 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 informationOFFICE MARKET REPORT. Northwest Arkansas. 3rd Quarter Q3 Market Trends 2016 by Xceligent, Inc. All Rights Reserved
OFFICE MARKET REPORT Northwest Arkansas 3rd Quarter 2016 Table of Contents/ Methodology of Tracked Set Xceligent is a leading provider of verified commercial real estate information which assists real
More informationStronger 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 informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2007
F-5 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended December 31, 2007 Finance, Audit & Facilities Committee March 20, 2008 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationMiami-Dade County Office Market Report 4Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Office Market Report
Miami-Dade County Office Market Report 4Q 216 Real Capital Partners Real Estate Services *Data Source CoStar Miami-Dade County Office Market Report 4Q 216 Miami-Dade County Office Market Report Overview
More informationPhoenix, Central and Northern Arizona
Phoenix, Central and Northern Arizona End of Year Housing Report 1-8-354-5664 LongRealty.com 217 End of Year Housing Report SALES & INVENTORY Housing market trends For the overall real estate market in
More information>> 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 information2018: 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 informationStrong Absorption Drives Down Vacancy to Start 2017
Research & Forecast Report GREATER PHOENIX INDUSTRIAL 2017 Strong Absorption Drives Down to Start 2017 Key Takeaways >> Industrial vacancy in Greater Phoenix dipped below 10 percent in the first quarter,
More informationQuarterly Market Report
HOUSTON OFFICE JANUARY 2018 EXECUTIVE SUMMARY Office Market Shows Signs of Improvement Houston s overall vacancy rate remained relatively unchanged at 20.7% in, a decrease of 10 basis points quarter-over-quarter,
More information2Q 16. Long Island Market Report
2Q 16 Long Island Market Report Long Island Office 2Q 216 Long Island 2Q16 Office Office Report The Long Island Office market ended the second quarter 216 with a vacancy rate of 7.5%. The vacancy rate
More informationDENVER. Office Research Report. First Quarter Partnership. Performance.
DENVER Office Research Report First Quarter 2018 Denver Market Facts 61,614 Jobs added in the last 12 months ending in February, a 4.1% increase in employment. 3.1% Unemployment in Denver, lower than the
More information2Q 17. Office Market Report
2Q 17 Office Market Report Low vacancy rates and steady rental rates characterize the Portland office market Portland s office market has reached a level of strength not seen since the great recession.
More informationDenver 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 informationThe CoStar Office Report
The CoStar Office Report Y E A R - E N D 2 0 0 8 YEAR-END 2008 PHOENIX Table of Contents Table of Contents.................................................................... A Methodology........................................................................
More informationWashington, D.C. Quarterly Market Report. 3rd Quarter lpcwashingtondc.com
Washington, D.C. Quarterly Market Report Table of Contents Washington, D.C. Leasing & Market Research Metropolitan D.C. Market Overview...3 Washington, D.C. Quarterly Overview...5 Washington D.C. Top Sales...
More informationThe CoStar Office Report
The CoStar Office Report T H I R D Q U A R T E R 2 0 1 2 THIRD QUARTER 2012 PHOENIX Table of Contents Table of Contents.................................................................... A Methodology........................................................................
More informationStrong 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 informationShrinking 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 informationDISTRICT OF COLUMBIA IN THIS ISSUE OFFICE Q RESEARCH MARKET REPORT. State of the Economy. Leasing Activity. Development Pipeline.
RESEARCH MARKET REPORT DISTRICT OF COLUMBIA OFFICE IN THIS ISSUE State of the Economy p.2 Leasing Activity p.3 Development Pipeline p.4 Market Outlook p.5 Market Breakdown p.6 DC Development: No Signs
More informationOffice 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 informationMLS of Greater Cincinnati - Charts for the Month: November 2017
MLS of Greater Cincinnati - Charts for the Month: November 2017 The following charts provide an overview of what has occurred in the MLS over the past month. Each chart provides a historical trend. The
More informationThe CoStar Industrial Report
The CoStar Industrial Report M I D - Y E A R 2 0 1 0 Houston Industrial Market Houston Industrial Market MID-YEAR 2010 HOUSTON Table of Contents Table of Contents....................................................................
More informationWashington, D.C. Quarterly Market Report. 2nd Quarter lpcwashingtondc.com
Washington, D.C. Quarterly Market Report Table of Contents Washington, D.C. Leasing & Market Research Metropolitan D.C. Market Overview...3 Washington, D.C. Quarterly Overview...5 Washington D.C. Top Sales...
More informationF 5 STANDING COMMITTEES. Metropolitan Tract Performance Report. For the quarter ended June 30, B. Finance, Audit and Facilities Committee
F 5 VII. STANDING COMMITTEES B. Finance, Audit and Facilities Committee Metropolitan Tract Performance Report For the quarter ended June 30, 2008 F 5/209-08 9/18/08 METROPOLITAN TRACT PERFORMANCE REPORT
More informationHOUSTON 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 informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended June 30, 2007
F-6 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended June 30, 2007 Finance, Audit & Facilities Committee September 20, 2007 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationOffice Stays Positive
Q2 2014 OFFICE LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Office Stays Positive While it may not always be pretty, Southern Nevada s office market continues to improve. Net absorption increased in the
More informationGaining 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 information2018: A Ground Breaking Year
Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q4 2017 2018: A Ground Breaking Year > Office inventory: 8,527,819 > Vacancy: 10.6 percent > Net absorption: 310,934 year-to-date The Northern
More informationFOURTH QUARTER 2013 LEASING ACTIVITY CONTINUES TO BE BETTER THAN EXPECTED MARYLAND OFFICE MARKET REPORT MARKET SUMMARY ABSORPTION
Q4 2013 MARYLAND OFFICE MARYLAND OFFICE MARKET REPORT FOURTH QUARTER 2013 LEASING ACTIVITY CONTINUES TO BE BETTER THAN EXPECTED MARKET SUMMARY Updated April 2013 MARKET INDICATORS Q4 2013 Q1 2014* VACANCY
More informationINDUSTRIAL MARKET REPORT. San Antonio. 4th Quarter Q4 Market Trends 2017 by Xceligent, Inc. All Rights Reserved
INDUSTRIAL MARKET REPORT San Antonio 4th Quarter 2016 Table of Contents/ Methodology of Tracked Set Xceligent is a leading provider of verified commercial real estate information which assists real estate
More informationOrange County Office Market Continues to Tighten Causing Rental Rates to Increase
OFFICE ORANGE COUNTY MARKET REPORT Continues to Tighten Causing Rental Rates to Increase MARKET OVERVIEW MARKET INDICATORS - VACANCY 12.6% NET ABSORPTION 688,800 CONSTRUCTION 497,387 RENTAL RATE $2.26
More informationRESEARCH & FORECAST REPORT
Q3 2012 OFFICE LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Office Forges Ahead Southern Nevada s office market continued to post positive net absorption in the third quarter of 2012, despite weak employment
More informationOffice 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 informationGreenville is a tenant s market
Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2018 Greenville is a tenant s market Crystal Baker Research Coordinator South Carolina Key Takeaways > > Large blocks
More informationRed 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 informationCoStar Office Statistics. Y e a r - E n d Denver Office Market
CoStar Office Statistics Y e a r - E n d 2 0 1 6 Year-End 2016 Denver Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationWeighing 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 informationLow 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 informationSummary. Houston. Dallas. The Take Away
Page Summary The Take Away The first quarter of 2017 was marked by continued optimism through multiple Texas metros as job growth remained positive and any negatives associated with declining oil prices
More informationMarket 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 informationCalifornia Housing Market Update. Monthly Sales and Price Statistics October 2018
California Housing Market Update Monthly Sales and Price Statistics October 2018 Sales Had the 2 nd Largest Drop in the Last 6 Months California, October 2018 Sales: 397,060 Units, -3.7% YTD, -7.9% YTY
More informationWashington, D.C. Quarterly Market Report. 1st Quarter lpcwashingtondc.com
Washington, D.C. Quarterly Market Report 1st Quarter 1 Table of Contents Washington, D.C. Leasing & Market Research Metropolitan D.C. Market Overview...3 Washington, D.C. Quarterly Overview...5 Washington
More informationSan Francisco Bay Area to Marin, San Francisco, and San Mateo Counties Housing and Economic Outlook
San Francisco Bay Area to 019 Marin, San Francisco, and San Mateo Counties Housing and Economic Outlook Bay Area Economic Forecast Summary Presented by Pacific Union International, Inc. and John Burns
More informationThe CoStar Office Report
The CoStar Office Report Y E A R - E N D 2 0 0 9 YEAR-END 2009 SALT LAKE CITY Table of Contents Table of Contents.................................................................... A Methodology........................................................................
More informationMarket Research. Market Indicators
colliers international LAS VEGAS, NV Market Research OFFICE Third Quarter 2009 Market Indicators Net Absorption Construction Rental Rate Q3-09 Q4-2009 Projected Clark County Economic Data Jul-09 Jul-08
More informationThe 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 informationMonthly Indicators % % %
Monthly Indicators 2018 Percent changes calculated using year-over-year comparisons. New Listings were down 12.9 percent for single family homes and 21.3 percent for townhouse-condo properties. Pending
More informationCoStar Office Statistics. M i d - Y e a r Denver Office Market
CoStar Office Statistics M i d - Y e a r 2 0 1 7 Mid-Year 2017 Denver Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationOverall 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>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 informationSecond Quarter Industrial Market Report 2017
Second Quarter Industrial Market Report 2017 03 04 04 04 05 06 08 09 10 11 13 Executive Summary National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental
More informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended March 31, 2008
F-5 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended March 31, 2008 Finance, Audit & Facilities Committee June 12, 2008 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationThe CoStar Office Report. M i d - Y e a r San Antonio Office Market
The CoStar Office Report M i d - Y e a r 2 0 1 5 Mid-Year 2015 San Antonio Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationThe 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 informationMonthly Indicators % + 9.7% %
Monthly Indicators 2016 Percent changes calculated using year-over-year comparisons. New Listings were up 11.1 percent for single family homes and down 30.8 percent for townhouse-condo properties. Pending
More information>> New Construction Delivers to the Orange County Office Market
Research & Forecast Report ORANGE COUNTY OFFICE Accelerating success. >> New Construction Delivers to the Orange County Office Market Key Takeaways > Three new office developments were delivered to the
More informationQ PHOENIX OFFICE REPORT
Q2 2018 PHOENIX OFFICE REPORT MARKET FUNDAMENTALS ANNUAL COMPARISON Q2 2018 Q2 2017 VACANCY 16.47% VACANCY 16.93% RENTAL RATES $25.43 RENTAL RATES $24.76 SF UNDER CONSTRUCTION 2.76 M SF UNDER CONSTRUCTION
More informationMetropolitan Tract Performance Report for the Quarter Ended September 30, 2009
VII. STANDING COMMITTEES F 4 B. Finance, Audit and Facilities Committee Metropolitan Tract Performance Report for the Quarter Ended September 30, 2009 Attachment Metropolitan Tract performance Report for
More informationCoStar Office Statistics. F i r s t Q u a r t e r Colorado Springs Office Market
CoStar Office Statistics F i r s t Q u a r t e r 2 0 1 7 First Quarter 2017 Colorado Springs Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationRALEIGH-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 informationNational Presence. Local Focus
Metropolitan DC Market Overview 4Q 214 Overall Market Summary The Washington, DC Metropolitan commercial real estate market is comprised of approximately 41.9 million square feet of rentable office space
More informationVacancy 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 informationMarket Overview TAMPA BAY OFFICE THIRD QUARTER
Market Overview TAMPA BAY OFFICE THIRD QUARTER 29 COLLIERS ARNOLD TAMPA BAY Insights on the Market OFFICE THIRD QUARTER 29 MARKET INDICATORS TAMPA BAY INVENTORY 8,58,612 Sq. Ft. Q3 Q4* OVERALL VACANCY
More informationChicago s industrial market thrives during the third quarter.
CHICAGO INDUSTRIAL MARKET MONITOR THIRD QUARTER 2015 Chicago s industrial market thrives during the third quarter. Demand across the Chicago industrial market remains high sending absorption up and vacancy
More informationMonthly Indicators % % - 9.2%
Monthly Indicators 2016 New Listings were down 1.4 percent for single family/duplex homes and 25.0 percent for townhouse-condo properties. Pending Sales increased 58.3 percent for single family/duplex
More information+48.6 million sf office inventory
Research Market Report METROPOLITAN MILWAUKEE OFFICE 2018 Quarter 1 Research Wisconsin Introduction Following a strong second half of 2017, 2018 had a slow start. Despite an increase in vacancy and negative
More informationSECTION INVESTMENT SUMMARY SOUTHEAST COMMERCIAL CENTER CAMERON CREEK BUSINESS PARK
SECTION SUMMIT PARK A SOUTHEAST COMMERCIAL CENTER CAMERON CREEK BUSINESS PARK INVESTMENT SUMMARY 1 EXECUTIVE SUMMARY AUSTIN FLEX PORTFOLIO HFF has been exclusively retained by the Owner to offer qualified
More informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended June 30, 2006
F-5 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended June 30, 2006 Finance, Audit & Facilities Committee September 21, 2006 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationOrange 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 informationINDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS
ORANGE COUNTY INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 2.3% Overall Vacancy 2.7% Lease Rate NNN $.91 Gross Absorption Under Construction MARKET TRENDS Current Quarter 4,283,991 SF 963,138
More informationSan Fernando Valley & Ventura County End 2015 On A Positive Note
OFFICE SAN FERNANDO & MARKET REPORT San Fernando Valley & Ventura County End 2015 On A Positive Note MARKET OVERVIEW MARKET INDICATORS - VACANCY 15.4% NET ABSORPTION 74,400 CONSTRUCTION 120,933 RENTAL
More information