Gaining Traction Gradually in 2018

Size: px
Start display at page:

Download "Gaining Traction Gradually in 2018"

Transcription

1 Research & Forecast Report RENO OFFICE Q Gaining Traction Gradually in 2018 >> Overall vacancy increased slightly to 12.3% >> Negative net absorption of 13,792 square feet >> Rental rates remained constant at $1.67 on average The office market in Northern Nevada remains active, but cannot seem to pull ahead. For each deal that is completed, another space is left vacant, resulting in somewhat stagnant statistics quarter over quarter. Activity remains strong, with high levels of inquiries and tours, but the consummation of deals does not yet reflect this. Another potential reason for this stagnation is that some tenants and landlords appear to be in a correction pattern. An example of this is the US Attorney s office, who will be vacating 100 West Liberty to move into a government-owned building on Booth Street. Despite the tenant remaining in the market, government-owned properties are not tracked, resulting in what appears as negative net absorption. Another example is Holland & Hart s sublease at 5441 Kietzke Lane. While they have their entire 30,000 square foot office listed for sublease, they will remain or relocate in up to 15,000 square feet but statistics do not readily capture these antics; resulting in no net changes. Historical Vacancy Rates and Asking Lease Rates Market Indicators Unemployment Rate Nevada 10-Year Nominal Interest Rate % National Consumer Confidence Market Indicators Relative to prior period Q Q2 2018* Previous Quarter Current Quarter Vacancy Rate 12.1% 12.3% Asking Rent (PSF, FS*) $1.67 $1.67 (17,608) (13,792) Previous Quarter Current Quarter Class A $1.87 $1.88 Class B $1.73 $1.69 Class C $1.44 $1.44 Vacancy Net Absorption Completions Rental Rate *Projected Summary Statistics Q Reno Market Net Absorption (SF) Overall Asking Rents Per Square Foot (FS*) Full service rental rates have remained steady from Q at $1.67 per square foot as the vacancy rate made a slight increase to 12.3 percent. *Full Service (FS)

2 The office market experienced negative 13,792 square feet of net absorption. The largest amount of negative absorption was in Class A office, while Class B and C had positive absorption. The direct vacancy rate for all classes increased from 11.1 percent at the end of 2017 to 11.4 percent this quarter. Average asking rental rates did not change and held steady at $1.67 per square foot per month full service; resulting in landlords feeing bullish on the market, their perspective supported by the high levels of inquiries and touring. The strongest submarket this quarter was Downtown with 15,215 square feet of positive absorption (Note: The US Attorneys space will impact the statistics next quarter, when they vacate the space). With the submarket s positive absorption, the vacancy rate remains a comfortable 12.0 percent. Downtown also has the highest average asking rental rates at $1.87 per square foot per month full service. It is also worth noting that Class A rents currently average $2.03 per square foot per month full service. The rents for B and C Class properties are posted at $1.88 and $1.70, respectively, which is higher than the overall asking rents. South Meadows also posted positive net absorption with 31,880 square feet, due primarily to the State of Nevada Medical Examiners Board leasing 15,672 square feet in the former Laxalt & Nomura office building at 9600 Gateway Drive. Laxalt & Nomura relocated to 9790 Gateway Drive occupying nearly 6,000 square feet, adding to the positive absorption. Vacancy in this market sits at 8.6 percent, which is extremely tight. Average asking rental rates are $1.80 per square foot, meaning South Meadows has some of the best deals for the nicest buildings that can be found in the market. The Meadowood submarket has been the shining star of the office market in the past, but in recent months it has been hit with some large vacancies, increasing the vacancy to 10.0 percent. Ironically, this submarket s vacancy had been so low, developer s contemplated and have started new construction. While there are two active construction projects, a 40,000 square foot speculative office building at the roundabout on Kietzke Lane and a 20,000 square foot office building with leased space constructed by Charles Schwab, both are estimated to be completed before year-end. It is uncertain if we will see new construction on the horizon until some of the big vacancies are back-filled. This quarter, Meadowood ended with 43,316 square feet of negative net absorption. Contributing to the negative absorption was Microsoft returning 20,000 square feet, Wells Fargo returning 14,000 square feet, as well as Holland & Hart listing the 30,000 square foot sublease previously mentioned. The Central/Airport submarket remained relatively static due to small leases and vacancies throughout the quarter. However, 645 E Plumb is one of the few large upcoming vacancies with large blocks of contiguous space available due to AT&T vacating 82,000 square feet. Industry sentiment is that the lack of these big-box spaces is not allowing the market to attract out-of-state companies to relocate here. This space could seriously impact the Reno statistics if not back-filled prior to AT&T s lease expiration in December, however, it also provides a unique opportunity for large office users that may not have alternative options in spaces 20,000 square feet and up. Historical Net Absorption vs. Completions Net Absorption New Completions Leasing Rates by Submarket Total Vacancy vs Direct and Sublease Vacancy Direct Vacancy Sublease Vacancy Total Vacancy 2 Reno Research & Forecast Report Q Office Colliers International

3 Sales Several notable sales transactions occurred in the Reno office market to kick off In January, a 79,552 square foot Class A building at Professional Circle sold for $25,300,000 to Pinecone Holding LLC. This property was 100 percent leased to Employers Insurance and sold for a 5.97 percent cap rate. Also in January, 328 S Wells Avenue, a 39,816 square foot building, sold to S3-300 S Wells, which is S3 Development headed by Blake Smith. The property sold for $4,400,000 and is undergoing major renovations to the exterior, helping with the current revitalization that is happening in Midtown. RCO Investments purchased 5590 Kietzke Lane, a 14,670 square foot professional building set up for executive suites, for $5,500,000 in February. Abruzzo Prototype LLC purchased the 15,672 square foot building at 9222 Prototype Drive, home to Lumos & Associates for $3,400,000. Construction Construction continues in the Meadowood submarket, including the office development at 5520 Kietzke Lane by McKenzie Properties. While construction has been slow, the estimated completion date is fall Just next door to the south, the Urology of NV building is coming along and is slated to be finished in July of this year. Just up the street to the north, Charles Schwab plans to complete their building in August. The market anticipates other office buildings breaking ground on the south commercial parcel of Rancharrah at the roundabout on Kietzke Lane and Del Monte, which is rumored to be trading hands. Other construction is progressing to the east where Tanamera is marketing a medical office park. There is currently one building, a build-to-suit, for an oncology group that is almost completed. It is expected that other medical users will break ground soon, according to the developer. There are also rumors that a hospital group is in contract on 22.0 acres off Longley Lane for a medical campus. This could be the new area for medical users who choose to be located near the center of town. Along with the construction activity in Meadowood, the Central/Airport submarket anticipates new office construction starting the end of JMA Ventures plans to build a four-story, 65,000 square foot Class A office building adjacent to Hyatt Place Reno-Tahoe Airport, in addition to a hotel. Significant Sale Activity Professional Circle 79,552 SF - $25,300,000 $ PSF Sale Date: 1/12/18 Sold To: Pinecone Holding Type: Office 5590 Kietzke Lane 14,670 SF - $5,500,000 $ PSF Sale Date: 2/28/18 Sold To: RCO Investments Type: Professional 328 South Wells Avenue 39,816 SF - $4,400,000 $ PSF Sale Date: 1/23/18 Sold To: S3-300 South Wells Type: Office 3 Reno Research & Forecast Report Q Office Colliers International

4 395 Significant Sale Activity DOWNTOWN SPARKS 328 South Wells Avenue Reno NV ,816 SF - $4,400,000 $ PSF 5590 Kietzke Lane Reno 80 NV ,670 SF - $5,500,000 $ PSF WEST RENO CENTRAL/ AIRPORT 9222 Prototype Drive Reno NV ,672 SF - $3,400,000 $ PSF MEADOWOOD 9565 Prototype Drive Reno NV ,095 SF - $2,836,000 $ PSF SOUTH RENO Professional Circle Reno NV ,552 SF - $25,300,000 $ PSF 395 Significant Lease Activity PROPERTY ADDRESS SIZE TENANT TYPE 5340 Kietzke Lane, Reno 40,225 Wells Fargo Renewal 6995 Sierra Center Parkway, Reno 19,941 Stantec Consulting Expansion & Renewal 9600 Gateway Diver, Reno 15,672 Nevada State Medical Examiners Board New 241 Ridge Street, Suite 400, Reno 9,294 Manhard Consulting New Professional Circle, Suite 202, Reno 7,562 Evegreen Bank Expansion & Renewal 961 Matley Lane, Suite 100 & 105A, Reno 5,912 Hanger Prosthetics and Orthotics Renewal 100 Washington Street, Suite LL10-LL90, Reno 5,885 RIZKNOWS New 9790 Gateway Drive, Suite 240, Reno 5,864 Laxalt & Nomura LTD New 6100 Plumas Street, Suite 100 & 101, Reno 5,740 RCP-LTD LLC New 4 Reno Research & Forecast Report Q Office Colliers International

5 Market Comparisons - Reno Office Market CLASS BLDGS RBA DIRECT VACANT SF DIRECT SUBLEASE VACANT SF SUBLEASE VACANT SF PRIOR QUARTER NET ABSORPTION CURRENT QTR SF NET ABSORPTION YTD SF COMPLETIONS CURRENT QTR SF UNDER CONSTRUCTION SF AVG ASKING RENTAL DOWNTOWN SUBMARKET A 4 540,478 77, % 2, % 79, % 13.3% (4,195) (4,195) - - $2.03 B ,765 57, % - 0.0% 57, % 9.6% 7,298 7, $1.88 C ,265 20, % - 0.0% 20, % 17.2% 12,112 12, $1.70 Total 31 1,300, , % 2, % 157, % 12.2% 15,215 15, $1.87 SOUTH MEADOWS SUBMARKET A 36 1,224, , % 9, % 133, % 10.9% 9,942 9, $1.83 B 9 252,410 3, % - 0.0% 3, % 4.2% $1.78 C % Total 45 1,476, , % 9, % 136, % 9.8% 9,942 9, $1.80 MEADOWOOD SUBMARKET A 44 1,888, , % 45, % 223, % 8.9% (49,279) (49,279) - - $1.89 B ,735 56, % - 0.0% 56, % 15.6% 5,963 5, $1.41 C % Total 63 2,337, , % 45, % 280, % 10.2% (43,316) (43,316) - - $1.65 CENTRAL/AIRPORT SUBMARKET A 4 106,933 22, % - 0.0% 22, % 19.4% (1,739) (1,739) - - $1.45 B , , % 5, % 133, % 14.0% 7,633 7, $1.34 C , , % - 0.0% 135, % 17.3% (6,939) (6,939) - - $1.14 Total 66 1,871, , % 5, % 291, % 15.7% (1,045) (1,045) - - $1.31 SPARKS SUBMARKET A 1 32, % % 0.0% B 2 32, % - 0.0% - 0.0% 0.0% C 1 14,432 3, % - 0.0% 3, % 22.3% (829) (829) - - $1.00 Total 4 79,932 3, % - 0.0% 3, % 4.0% (829) (829) - - $1.00 WEST RENO SUBMARKET A % B 3 43, % - 0.0% - 0.0% 0.0% C 6 91,975 12, % - 0.0% 12, % 12.9% (170) (170) - - $1.43 Total 9 135,077 12, % - 0.0% 12, % 8.8% (170) (170) - - $1.43 Office Market Totals DOWNTOWN A 4 540,478 77, % 2, % 79, % 13.3% 1,083 1, $2.03 B ,765 57, % - 0.0% 57, % 9.6% 7,298 7, $1.88 C ,265 20, % - 0.0% 20, % 17.2% 12,112 12, $1.70 Total 31 1,300, , % 2, % 157, % 12.2% 20,493 20, $1.87 SUBURBAN A 85 3,252, , % 55, % 378, % 10.4% (41,076) (41,076) - - $1.72 B 62 1,772, , % 5, % 194, % 11.7% 13,596 13,596 - $1.51 C , , % - 0.0% 151, % 16.5% (6,805) (6,805) - - $1.19 Total 187 5,901, , % 61, % 724, % 11.7% (34,285) (34,285) - - $1.47 OVERALL MARKET A 88 3,792, , % 57, % 458, % 11.0% (39,993) (39,993) - - $1.88 B 78 2,341, , % 5, % 252, % 11.7% 20,894 20, $1.69 C 52 1,068, , % - 0.0% 172, % 16.6% 5,307 5, $1.44 Total 219 7,202, , % 63, % 882, % 12.1% (13,792) (13,792) - - $1.67 QUARTERLY COMPARISON AND S Q ,202, , % 63, % 882, % 12.1% (13,792) (13,792) - - $1.67 Q ,202, , % 69, % 868, % 11.8% (17,608) 61, $1.67 Q ,202, , % 39, % 850, % 12.3% 36,041 77, $1.65 Q ,198, , % 31, % 886, % 13.1% 51,475 41, $1.65 Q ,188, , % 54, % 938, % 14.7% (10,468) (10,468) 15,316 - $1.61 Source: NSDC 5 Reno Research & Forecast Report Q Office Colliers International

6 69 countries $2.7 billion in annual revenue* 2.0 billion square feet under management 15,400 professionals and staff COLLIERS INTERNATIONAL RENO 100 West Liberty Street Suite 740 Reno, Nevada USA MARKET CONTACTS: Melissa Molyneaux, SIOR, CCIM Executive Managing Director & Senior Vice President Reno Fay O Neil Research Analyst $2.7 billion in annual revenue* $116 billion in total transaction value *All statistics are for 2017, are in U.S. dollars and include affiliates About Colliers International Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is an industry-leading real estate services company with a global brand operating in 69 countries and a workforce of more than 12,000 skilled professionals serving clients in the world s most important markets. Colliers is the fastest-growing publicly listed global real estate services company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Colliers.com/reno Copyright 2018 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

2018 CCIM President. Carole Brill, CCIM

2018 CCIM President. Carole Brill, CCIM 2018 CCIM President Carole Brill, CCIM 2018 Commercial Real Estate Forecasts Presented by Melissa Molyneaux Melissa Molyneaux, SIOR, CCIM Senior Vice President Executive Managing Director Office Services

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

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

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

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

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

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

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

+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

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

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

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

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

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

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

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

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

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

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

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

Indianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE

Indianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE INDIANAPOLIS OFFICE Economic Indicators Q2 17 Q2 18 MSA Employment 1.1M 1.1M MSA Unemployment 3.3% 3.0% U.S. Unemployment 4.3% 3. Market Indicators (Direct, All Classes) Q2 17 Q2 18 Total Market Vacancy

More 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

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

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

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

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

Significant Sales Mark the End of 2018

Significant Sales Mark the End of 2018 Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Significant Sales Mark the End of > Tri-Valley industrial market vacancy bumped up to 3.0 percent > The weighted average asking rental rate is

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

> 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

>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

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

645 E PLUMB LANE RENO, NV SPACE AVAILABLE IN 86,471 SQUARE FOOT OFFICE BUILDING

645 E PLUMB LANE RENO, NV SPACE AVAILABLE IN 86,471 SQUARE FOOT OFFICE BUILDING 645 E PLUMB LANE RENO, NV 89502 SPACE AVAILABLE IN 86,471 SQUARE FOOT OFFICE BUILDING COLLIERS INTERNATIONAL 100 W. LIBERTY ST., SUITE 740 RENO, NEVADA 89501 P: 775.823.9666 F: 775.823.4699 WWW.COLLIERS.COM/RENO

More information

Market Research. Market Indicators

Market 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 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

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

RESEARCH & FORECAST REPORT

RESEARCH & FORECAST REPORT Q2 2012 OFFICE LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Recovery Without Job Growth? Despite office employment still trending downwards, Southern Nevada s office market posted positive net absorption

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

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

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

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

Market Research. Market Indicators

Market Research. Market Indicators colliers international LAS VEGAS, NV Market Research OFFICE Second Quarter 2009 Market Indicators Net Absorption Construction Rental Rate Q2-09 Q3-2009 Projected Clark County Economic Data UNEMPLOYMENT

More information

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

Vacancy Declines for Fifth Consecutive Quarter

Vacancy Declines for Fifth Consecutive Quarter Research & Forecast Report FAIRFIELD OFFICE Q1 Vacancy Declines for Fifth Consecutive Quarter > > Office Inventory: 5,056,025 > > Current Vacancy: 17. > > Net Absorption: +36,365 Solano and Napa counties

More information

Office Stays Positive

Office 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 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

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

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

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

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

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

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

Direct Vacant (SF) Vacancy Rate (%) Grand Total ,816,898 4,632,760 4,123, % 245,399 66,997 66,997

Direct Vacant (SF) Vacancy Rate (%) Grand Total ,816,898 4,632,760 4,123, % 245,399 66,997 66,997 1st Quarter 213 $25 Market Highlights With the impending move of Pinnacle leaving the market next quarter, the Memphis Office market was able to start the year on a positive note, posting nearly 67, SF

More information

2018 in the Rear View Mirror

2018 in the Rear View Mirror Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE in the Rear View Mirror > Overall vacancy dipped slightly to 10.6 percent > Weighted average asking rents are now $2.66 per square foot > Overall

More information

HISTORICAL VACANCY VS RENTS. Downtown Los Angeles Office Market Q Q RENTS VACANCY $31 2Q10 2Q11 2Q12 2Q13 2Q14

HISTORICAL VACANCY VS RENTS. Downtown Los Angeles Office Market Q Q RENTS VACANCY $31 2Q10 2Q11 2Q12 2Q13 2Q14 www.colliers.com/losangeles OFFICE LOS ANGELES MARKET REPORT Rate Decrease Below 20% As Market Activity Remains Flat MARKET OVERVIEW MARKET INDICATORS - VACANCY 19.5% The Downtown Los Angeles market in

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

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

Indianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE

Indianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE INDIANAPOLIS OFFICE Economic Indicators Market Indicators (Direct, All Classes) Direct Net Absorption/Direct Asking Rent 4-QTR TRAILING AVERAGE Direct Vacancy Q3 17 Q3 18 MSA Employment 1.05M 1.07M MSA

More information

Sacramento Office MarketView Q3 2014

Sacramento Office MarketView Q3 2014 Sacramento Office MarketView Q3 2014 CBRE Global Research and Consulting UNEMPLOYMENT RATE 7.0% VACANCY RATE 19.4% NET ABSORPTION 123,907 sq. ft. AVG ASKING LEASE RATE $1.69 per sq. ft. FSG COMPLETED CONSTRUCTION

More 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

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

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

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

Historic Heights SAN FRANCISCO PENINSULA. Research & Forecast Report 2.30% 444, ,500. San Mateo County

Historic Heights SAN FRANCISCO PENINSULA. Research & Forecast Report 2.30% 444, ,500. San Mateo County Research & Forecast Report SAN FRANCISCO PENINSULA Historic Heights > > Average asking rates reached all-time highs in all three markets > > Market remains solid with high levels of gross absorption Commercial

More information

RESEARCH & FORECAST REPORT

RESEARCH & 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 information

DISTRICT OF COLUMBIA IN THIS ISSUE OFFICE Q RESEARCH MARKET REPORT. State of the Economy. Leasing Activity. Development Pipeline.

DISTRICT 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 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

Metropolitan Milwaukee Office Market Report Third Quarter 2015

Metropolitan 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 information

Industrial Outlook. An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction and employment.

Industrial Outlook. An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction and employment. Industrial Outlook Louisville An in-depth look at the Louisville industrial market. Analysis includes leasing, sales, construction and employment. JLL Research Insight Industrial market quick out of the

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

>> Negative Net Absorption Despite Completions

>> Negative Net Absorption Despite Completions Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Negative Net Absorption Despite Completions Key Takeaways > This quarter, 542,000 square feet of industrial space finished construction,

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

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

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

FOURTH QUARTER 2013 LEASING ACTIVITY CONTINUES TO BE BETTER THAN EXPECTED MARYLAND OFFICE MARKET REPORT MARKET SUMMARY ABSORPTION

FOURTH 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 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

Negative Absorption And Sharp Rise In Total Vacancy to Begin 2014

Negative Absorption And Sharp Rise In Total Vacancy to Begin 2014 OFFICE TRI-CITIES MARKET REPORT Negative Absorption And Sharp Rise In Total to Begin 214 MARKET OVERVIEW MARKET INDICATORS - VACANCY 19.4% NET ABSORPTION -154,9 CONSTRUCTION 155, RENTAL RATE $2.63 P UNEMPLOYMENT

More information

Columbus MARKETBEAT. Office Q2 2017

Columbus MARKETBEAT. Office Q2 2017 COLUMBUS OFFICE Economic Indicators Market Indicators Q2 16 Q2 17 Unemployment 4.0% 3.9% Ohio Unemployment 5.0% 5.0% U.S. Unemployment 4.9% 4.4% Q2 16 Q2 17 Overall Vacancy 13.3% 13.4% 212K -80K Construction

More 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

Year End Deliveries Drive Leasing Activity In the Raleigh-Durham Market

Year 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 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

Market Research. Industrial Review. Industrial Third Quarter Market Indicators

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

More information

Leasing activity remains strong through February; Downtown off to best start in years 10.0% 5.0%

Leasing activity remains strong through February; Downtown off to best start in years 10.0% 5.0% Office March 2017 New York Monthly Market Update Leasing activity remains strong through February; Downtown off to best start in years Manhattan Class A Asking Rents Manhattan Class A Vacancy Rents $100.00

More information

Picked Over. ALBUQUERQUE, NM Q Industrial. Research & Forecast Report. Key Takeaways. Market Indicators Relative to prior period

Picked Over. ALBUQUERQUE, NM Q Industrial. Research & Forecast Report. Key Takeaways. Market Indicators Relative to prior period Research & Forecast Report ALBUQUERQUE, NM Q4 20 Industrial Picked Over Key Takeaways > > Owner user acquisitions strong > > Supply tightens > > New construction projects gaining more momentum The appetite

More information

Industrial Market Review

Industrial Market Review Q3 2013 industrial Stockton San JoAquin County, California research & forecast Report Industrial Market Review Amazon s Completed Facility Helps Balance the Market The San Joaquin County industrial real

More information