Office Market Report. Charleston Market PREPARED BY. Lori Crowley
|
|
- Bruno Sullivan
- 5 years ago
- Views:
Transcription
1 Office Market Report Charleston Market PREPARED BY Lori Crowley
2 OFFICE MARKET REPORT Market Key Statistics 2 Leasing 3 Rent 5 Construction Overview 7 Under Construction Properties 8 Sales Overview 1 Sales Past 12 Months 11 Economy 13 Market Submarkets 15 Supply & Demand Trends 17 Rent & Vacancy 19 Sale Trends
3 Overview 12 Mo Deliveries in SF 372 K 12 Mo Net Absorption in SF 367 K Vacancy Rate 6.2% 12 Mo Rent Growth.4% Charleston continues to experience dramatic population and job growth, fueled by the Port of Charleston and proximity to a several large manufacturers. Techrelated firms continue to find interest in Charleston, displaying the versatility of the metro. Net absorption continues to exceed new supply, and vacancies continue to fall. For perspective, Charleston s current vacancy rate is just over half that of the nation. Rents in Charleston are currently the highest in the state and have climbed steadily, though 217 marked a break from the trend with near zero rent growth. However, assets continue to change hands, and 217 signaled a cyclical high of over $25 Million in volume. KEY INDICATORS Current Quarter RBA Vacancy Rate Gross Asking Rent Availability Rate Net Absorption SF Deliveries SF Under Construction 4 & 5 Star 4,371, % $ % (39,662) 618,25 3 Star 11,47,884 1.% $ % (45,699) 126,956 1 & 2 Star 13,217, % $ % (632) Market 29,6, % $ % (85,993) 744,981 Historical Forecast Annual Trends 12 Month Peak When Trough When Average Average Vacancy Change (YOY).1% 8.4% 6.8% 11.2% 21 Q1 5.3% 217 Q2 Net Absorption SF 367 K 42, , , Q2 (39,38) 21 Q1 Deliveries SF 372 K 351, ,952 67,75 28 Q3 151, Q2 Rent Growth.4% 1.%.1% 5.9% 216 Q1 5.8% 21 Q2 Sales Volume $257 M $133.3 N/A $ Q4 $ Q Page 2
4 Leasing Charleston has successfully embraced globalization and economic diversification to develop an innovative and thriving economy that is among the nation s top performers. Companies including Boeing, Benefitfocus, Daimler, and PeopleMatter brought thousands of jobs to the region recently, which contributed to the metro s dramatic population increase of 15, newcomers per year in Current job growth is around 9 basis points above the national average, with particularly strong growth across several mid to highincome sectors. Net absorption significantly outpaced net deliveries across most of the cycle, with only a handful of quarters outpaced by new space. This has resulted in particularly low vacancy rates, especially in James Island, Dorchester County, and Downtown Charleston. Professional and businesses services, primary officeusing sectors, are the thirdlargest employer by industry after government and trade. This category employs more than 5, people in the metro. The largest office tenant in the metro is the Medical University of South Carolina (MUSC) which occupies the entire 1.4 million SF MUSC Rutledge Tower in Downtown Charleston. MUSC is among the largest employers in the market, providing jobs for around 13, clinicians, facility, staff, and students. Benefitfocus, with an employment base exceeding 1,2, is another leading office tenant in the area, occupying more than 34, SF in three buildings on Daniel Island. Most lease deals in recent quarters occurred on the east side of the market toward Charleston Harbor, where gross asking rents average $24.5/SF. In March 216, Clemson University School of Architecture leased 31, SF in the Cigar Factory, a 244, SF office building in Downtown that was renovated in 216. At the end of 16Q3, Hall Booth leased 1, SF, followed by Tabula Rasa Healthcare, which leased 1, SF in October at 111 Coleman Blvd. This 4, SF building delivered in mid217, and is currently fully leased, with spaces previously listed at $26 per square foot. NET ABSORPTION, NET DELIVERIES & VACANCY Page 3
5 Leasing VACANCY RATE AVAILABILITY RATE Page 4
6 Rent Rent growth has slowed in recent quarters to near zero, similar other metros in the region. Despite low vacancies and modest positive absorption, rents have ultimately stagnated. Average office rents are around $23 per square foot substantially higher than neighbors Greenville and Columbia which are well below $2. The metro s highest rents are found in Downtown Charleston, which averages nearly $29 per square foot more than a 25% premium compared all metro inventories. In terms of rent growth, the best performing submarkets have been Greater Charleston, Outlying Berkeley, and East Islands/ Mount Pleasant. ASKING RENT GROWTH (YOY) Page 5
7 Rent GROSS ASKING RENT PER SQUARE FOOT Page 6
8 Construction Overview Office development has ramped up in Charleston in recent quarters. Although most deliveries so far this cycle were buildtosuit projects, the metro has seen its fair share of spec construction, as well. Faber Plaza, a 125, SF office building developed by Trinity Capital Advisors, opened in North Charleston in June 216. The 4 Star building located along I526 and I26 has floortoceiling glass and no columns. In October 215, Sonepar North America preleased the entire top floor (25, SF) at $27/SF triple net for an 11year term. Additional tenants in the building include T.Y. Lin International (1, SF) and HDR Inc (9, SF). Daniel Island has also witnessed a surge of new development over the past few years including the Daniel Island Executive Center and the Blackbaud Campus. The Daniel Island Executive Center, a 145, SF facility developed by Holland Properties to house Benefitfocus s Customer Success Center, opened in February 215. This building is the third addition to its headquarters and is part of a multiphase expansion expected to add close to 1,2 new jobs. Holder Properties is developing Blackbaud s new campus, part of a $15 million investment that will add 3 jobs to the local economy. Construction began in October 216 on the 172, SF Phase I and is set to be completed by the beginning of 218. The $25 million Pacific Box & Crate Project, a 13, SF development by Raven Cliff Co. on Upper King Street, opened in early 217. This project called for the conversion of the 8, SF warehouse building, construction of a 1, SF retail building that will consist of a yoga studio and food hall, and an additional two new office developments totaling 4, SF. Raven Cliff purchased the warehouse building for $5.2 million after the renovations started in July 215. In October 215, Boomtown signed a fiveyear lease to occupy the building, relocating from its 24, SF space at 635 Rutledge Ave. to 25, SF at the new location once it completed. DELIVERIES & DEMOLITIONS Page 7
9 Under Construction Properties Properties 13 Square Feet 744,981 Percent of Inventory 2.6% Preleased 61.4% UNDER CONSTRUCTION PROPERTIES UNDER CONSTRUCTION Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner 1 Blackbaud Campus Central Island St 172, Oct216 Mar218 Holder Properties Rivers Avenue 8571 Rivers Ave 168, 2 Feb217 Feb218 3 River Oaks Center 441 Leeds Pl W 15, 4 Jan217 Feb218 4 Nexton Medical Office B 55 Front St 1, 4 Apr217 Apr218 5 GATEWAY MOUNT PLE 235 Magrath Darby Blvd 65, 3 Dec217 Oct218 Landmark Enterprises, Inc. Landmark Enterprises, Inc University Blvd 47, 3 Mar217 Feb218 The Keith Corporation The Keith Corporation 7 Carnes Crossroads 215 2nd Ave 27,832 2 May217 Jun Page 8
10 Under Construction Properties UNDER CONSTRUCTION Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner 8 Summerville CPW 27 N Cedar St 15, 2 Sep216 Feb218 Summerville CPW Lansing Dr 14,871 2 Nov217 May218 Lat Purser & Associates, Inc. 1 Wando Business Park 363 Wando Place Dr 12, 2 Apr217 Feb Huger St 11,25 3 Jul217 Apr Folly Rd 3,8 1 Jul217 Feb Palmetto Commerce 3,453 1 May217 Feb Page 9
11 Sales Overview Charleston s healthy economy and rent growth continue to attract investors, with around $15 million trading per year since 21 and prices averaging $13/SF. The market performed particularly well in 217, when more than $25 million traded hands, at an average price of about $154/SF. Cap rates have gradually declined in Charleston over the past couple of years and currently average around 7.5%. One of the highestpriced deals in the metro s recent history took place when the Comcast Center for Excellence in North Charleston sold in January 217. KDC Real Estate Development, which finished building the 4 Star 8, SF building for Comcast in summer 216, sold the property to Capri EGM for $21.1 million ($264/SF). The buyer acquired the property as a longterm investment, as Comcast is locked into a longterm lease and also has the option to expand the current property by approximately 2, SF. In August 216, the Turtle Factory Building Corporation based out of Chicago purchased a 31, SF office building at 288 Meeting St. in Downtown Charleston for $11.8 million ($375/SF). This property was 1% occupied at the time of sale with tenants including Carolina Financial Corporation and Barnwell Whaley Patterson & Helms. The buyer acquired the property in a 131 exchange and the inplace cap rate was 6.2%, which equates to an NOI of $725,. SALES VOLUME & PRICE PER SF INDEX Page 1
12 Sales Past 12 Months Sale Comparables 21 SALE COMPARABLE LOCATIONS Avg. Cap Rate 7.5% Avg. Price/SF $155 Avg. Vacancy At Sale 21.% SALE COMPARABLES SUMMARY STATISTICS Sales Attributes Low Average Median High Sale Price $34, $2,313,539 $66, $33,, Price Per SF $6.8 $155 $18 $1,78 Cap Rate 5.% 7.5% 7.4% 1.% Time Since Sale in Months Property Attributes Low Average Median High Building SF 55 14,393 3,996 45,68 Stories Typical Floor SF 55 7,737 2, ,583 Vacancy Rate At Sale % 21.% % 1% Year Built Star Rating Page 11
13 Sales Past 12 Months RECENT SIGNIFICANT SALES Property Sale Property Name Address Rating Yr Built Bldg SF Vacancy Sale Date Price Price/SF Cap Rate 1 l 36 Rivers Ave 45, % 11/9/217 $33,, $73 2 Comcast Center For Exc 345 Ingleside Blvd 216 8, % 1/19/217 $21,1, $264 3 Albermarle Point Center 176 Croghan Spur Rd , % 7/24/217 $19,5, $ % 4 The Offices at Nexton 21 Sigma Dr , % 8/31/217 $17,2, $181 5 Rivers Park Business Ce 885 Rivers Ave ,583 % 8/7/217 $14,75, $93 6 Michael P Araneo Building 4221 Faber Place Dr , % 6/29/217 $11,331,443 $236 7.% 7 Rivergate Center II 4975 Lacross Rd ,597 % 8/31/217 $9,898,72 $ Morrison Dr 8,439 % 12/1/217 $9,1, $1, Faber Place Dr , % 12/2/217 $8,7, $ % Gardner Road 164 Gardner Rd ,5 3.8% 1/16/217 $5,7, $9 7.% King St ,63 % 1/6/217 $5,55, $ W Montague Ave 27 2,173 % 5/1/217 $4,56, $ Tobias Gadson Blvd 29 17, % 8/15/217 $3,95, $ % E Bay St % 7/27/217 $3,86, Elms Center Rd 26 14,25 % 7/27/217 $3,783,75 $ % 16 Palmetto Primary Care P 25 Elms Center Rd 212 2,5 % 7/2/217 $3,71,125 $ % 17 Medcare Urgent Care Ce 872 Dorchester Rd 29 6,427 % 1/12/217 $3,25, $56 7.2% Cannon St 213 7,692 % 6/2/217 $3,5, $ % Albemarle Rd 24 7,916 % 8/16/217 $2,8, $ % 2 31 Smith St ,615 % 7/27/217 $2,65, $ Page 12
14 Economy Charleston has successfully embraced globalization and economic diversification to develop an innovative and thriving economy that is among the nation s top performers. With the success of Boeing, Mercedes, Benefitfocus, and People Matter, the Chamber of Commerce forecasted a net gain of 21, jobs in 216 and 217 across all job sectors. Rapid expansion in a number of the metro s economic drivers is the reason for such strong performance. For example, Charleston s historic charm and architecture make it a major tourist destination in South Carolina, boosting growth in the important leisure and hospitality sector. A thriving port and proliferation of manufacturing facilities have also combined to fuel growth that is tracking above the national average. The business/professional sector outpaced the local economy with growth around 5% over the past year, but the manufacturing and construction industries are expanding as well. Volvo plans to construct a $5 million factory that will ultimately employ 4, in Berkeley County. Construction began in September 215, and the first vehicles are expected to enter production in 218. MercedesBenz will be spending a halfbillion dollars to construct an 8.6 million SF facility to make its Sprinter series of commercial vans. Construction began in 16Q2, and the plant could bring as many as 1,3 jobs. Unsurprisingly, the leisure and hospitality sector continues to grow, as Charleston remains one of the nation's top tourist destinations. Benefitfocus, a top employer in Charleston, has expanded its headquarters in Daniel Island, completing its first leg of development in 15Q1. This project, once completed, is anticipated to add 1,2 employees, with the majority of them being engineers. Daniel Island, nestled in between North Charleston and Mt. Pleasant, is a 2yearold masterplanned village containing 6, homes, two golf courses, a country club, two million SF of office, 1.2 million SF of retail, three schools, a marina, at least 1,5 apartment units, and close to 4 acres of open space for new development. This island holds the highest median income in the market at $94, and has seen 35% income growth in the last five years. YEAR OVER YEAR JOB GROWTH Source: Moody s Analytics Page 13
15 Economy DEMOGRAPHIC TRENDS Current Level Current Growth 1Year Growth Forecast Growth Demographic Category Metro U.S. Metro U.S. Metro U.S. Metro U.S. Population 777, ,657,13 1.4%.7% 2.%.8% 1.4%.7% Households 313,54 125,922, % 1.2% 2.2%.8% 1.7% 1.1% Median Household Income $59,826 $59,75 2.8% 3.3% 1.9% 1.5% 2.7% 2.9% Labor Force 378,466 16,748,1.6%.7% 1.9%.5% 1.%.8% Unemployment 3.3% 4.3% 12.% 9.1% 3.3% 1.2% Source: Moody s Analytics POPULATION GROWTH LABOR FORCE GROWTH INCOME GROWTH Source: Moody's Analytics Page 14
16 Submarkets CHARLESTON SUBMARKETS Page 15
17 Submarkets SUBMARKET INVENTORY Inventory 12 Month Deliveries Under Construction No. Submarket Bldgs SF () % Market Rank Bldgs SF () Percent Rank Bldgs SF () Percent Rank 1 Dorchester County 399 1,92 6.6% 6 % % 5 2 Downtown Charleston 454 5, % % % 6 3 E Charleston County % 1 % 4 East Islands/Mt Pleasant 423 3, % % % 4 5 Greater Charleston 559 4, % % % 2 6 James Island/Folly Beach % 7 % 1 4.7% 7 7 North Charleston 728 9, % % % 1 8 Outlying Berkeley County 329 2,8 7.2% % % 3 9 W Charleston County % 9 % 1 West Islands % % 6 SUBMARKET RENT Gross Asking Rent 12 Month Asking Rent Annualized Quarterly Rent No. Submarket Per SF Rank 1 Dorchester County $ % 6.6% 3 2 Downtown Charleston $ % % 7 3 E Charleston County $ % 9 % 4 East Islands/Mt Pleasant $ % 4 8.9% 6 5 Greater Charleston $ % 2 3.6% 4 6 James Island/Folly Beach $ % 8.4% 2 7 North Charleston $ % 5 6.2% 5 8 Outlying Berkeley County $ % 3 % 9 W Charleston County $ % 7 % 1 West Islands $ % 1 17.% 1 SUBMARKET VACANCY & NET ABSORPTION Growth Rank Growth Rank Vacancy 12 Month Absorption No. Submarket SF Percent Rank SF Percent Rank Construct. Ratio 1 Dorchester County 64, % 2 47,15 2.4% 4 2 Downtown Charleston 23,98 3.5% 3 (18,157).3% 1 3 E Charleston County % 4 East Islands/Mt Pleasant 153,136 4.% 4 137, % Greater Charleston 385, % 7 34,9.7% James Island/Folly Beach 8, % 1 (6,116) 1.2% 9 7 North Charleston 843,585 9.% 8 116,74 1.2% Outlying Berkeley County 116, % 6 5, % W Charleston County % 1 West Islands 11, % 5 1,181.4% Page 16
18 Supply & Demand Trends OVERALL SUPPLY & DEMAND Inventory Net Absorption Year SF SF Growth % Growth SF % of Inv Constrct. Ratio ,174,77 582, % 528, % ,591, ,78 1.9% 41, % ,7, ,12 1.8% 378, % ,455, , % 338, % ,9, , % 79, % 1.2 YTD 29,6,496 % (85,993).3% ,6, , % 469, % ,686, , % 457, % ,248, ,56 1.2% 316, % ,911,617 14,838.5% 378, % ,77, ,23.8% 42, % ,548, , % 581, % ,222, ,563 1.% 545,38 2.% ,957,732 3, % 494, % ,657,46 269,69 1.% (31,76).1% 28 26,388, , % 374, % & 5 STAR SUPPLY & DEMAND Inventory Net Absorption Year SF SF Growth % Growth SF % of Inv Constrct. Ratio 222 7,352, , % 68, % ,771,57 582, % 475,243 7.% ,189,216 55, % 414,85 6.7% ,638, ,27 8.6% 32,76 5.4% ,193, , % 682, % 1.2 YTD 4,371,848 % (39,662).9% 217 4,371, , % 445, % ,45,35 414, % 416, % ,63,45 3,541 9.% 4, % ,329,99 83,97 2.6% 48, % ,246,2 82, % 75, % ,163,31 44,81 1.4% 129, % ,118,5 65, 2.1% 166,8 5.3% ,53,5 % 25,615.8% 29 3,53,5 % (5,844) 1.7% 28 3,53,5 262, % 143, % Page 17
19 Supply & Demand Trends 3 STAR SUPPLY & DEMAND Inventory Net Absorption Year SF SF Growth % Growth SF % of Inv Constrct. Ratio ,63,614 1,425 % (32,857).3% ,62,189 1,426 % (3,3).3% 22 11,6,763 1,344 % (7,79) % ,599,419 1,92 % 24,179.2% ,598, , % 86,419.7% 1.5 YTD 11,47,884 % (45,699).4% ,47,884 51,612.5% (47,315).4% ,419,272 25,859.2% 14,311.1% ,393,413 4,128.4% (25,834) 1.8% ,353,285 76,577.7% 222,496 2.% ,276,78 146, % 177, % ,129, , % 342,28 3.1% ,92, , % 227, % ,738, ,76 2.6% 44, % ,465,378 26, % 3,629 % ,24, ,386 3.% 265,23 2.6% & 2 STAR SUPPLY & DEMAND Inventory Net Absorption Year SF SF Growth % Growth SF % of Inv Constrct. Ratio ,217,764 % (47,352).4% ,217,764 % (43,442).3% 22 13,217,764 % (28,128).2% ,217,764 % 11,552 % ,217,764 % 22,39.2% YTD 13,217,764 % (632) % ,217,764 (4,24) % 71,8.5% ,221,968 (2,842) % 26,592.2% ,224,81 (3,613) % 122,14.9% ,228,423 (19,646).1% 17,132.8% ,248,69 (7,215) % 167, % ,255,284 54,484.4% 19,664.8% ,2,8 35,22.3% 15, % ,165,778 27,196.2% 28,18.2% ,138,582 8,574 % 15,59.1% ,13,8 12,954.8% (34,539).3% Page 18
20 Rent & Vacancy OVERALL RENT & VACANCY Gross Asking Rent Vacancy Year Per SF Index % Growth Vs Hist Peak SF Percent Ppts Chg 222 $ %.9% 2,392,64 7.4% % 221 $ %.4% 2,338, %.4% 22 $ %.7% 2,156,617 7.%.4% 219 $ %.9% 1,983, %.3% 218 $ %.5% 1,875, %.4% YTD $ %.6% 1,796, %.3% 217 $ % % 1,71, %.4% 216 $ %.2% 1,85,82 6.3%.2% 215 $ % 5.5% 1,825, % % 214 $ % 11.5% 1,84, %.9% 213 $ % 16.6% 2,42, %.8% 212 $ % 2.2% 2,24, % 1.% 211 $ % 21.6% 2,496,25 9.2% 1.1% 21 $ % 21.2% 2,776, %.8% 29 $ % 17.1% 2,971, % 1.% 28 $ % 11.2% 2,67, %.9% 4 & 5 STAR RENT & VACANCY Gross Asking Rent Vacancy Year Per SF Index % Growth Vs Hist Peak SF Percent Ppts Chg 222 $ % 1.5% 724,37 9.9% 1.3% 221 $ %.9% 751, %.7% 22 $ % 1.1% 644, % 1.4% 219 $ % 1.1% 58,989 9.% 2.% 218 $ %.6% 366, % 1.9% YTD $ % % 266, %.9% 217 $ % % 227, % 3.4% 216 $ % 2.% 346, % 1.% 215 $ % 8.6% 347, % 3.9% 214 $ % 14.% 447, %.7% 213 $ % 19.% 412, % % 212 $ % 19.1% 44, % 2.9% 211 $ % 2.5% 489, % 3.7% 21 $ % 19.2% 591, %.8% 29 $ % 2.4% 617, % 1.7% 28 $ % 18.9% 566, % 2.5% Page 19
21 Rent & Vacancy 3 STAR RENT & VACANCY Gross Asking Rent Vacancy Year Per SF Index % Growth Vs Hist Peak SF Percent Ppts Chg 222 $ %.6% 1,198,54 1.3%.3% 221 $ % 1.% 1,164,222 1.%.3% 22 $ %.4% 1,132, % % 219 $ % % 1,123, %.2% 218 $ %.2% 1,146, %.3% YTD $ % 1.3% 1,144,522 1.%.4% 217 $ %.5% 1,98, %.8% 216 $ % % 999, % % 215 $ % 7.4% 988, % 2.1% 214 $ % 13.2% 742, % 1.3% 213 $ % 2.1% 888,35 7.9%.4% 212 $ % 29.6% 919, % 1.2% 211 $ % 31.8% 1,34, %.7% 21 $ % 32.7% 1,97, % 1.9% 29 $ % 27.7% 1,265, % 2.2% 28 $ % 17.9% 1,8, % % 1 & 2 STAR RENT & VACANCY Gross Asking Rent Vacancy Year Per SF Index % Growth Vs Hist Peak SF Percent Ppts Chg 222 $ % 1.4% 469, %.4% 221 $ %.7% 422, %.3% 22 $ %.9% 378, %.2% 219 $ % 1.% 35, % % 218 $ %.4% 362, %.2% YTD $ %.3% 385,97 2.9% % 217 $ %.3% 384, %.6% 216 $ %.1% 459, %.2% 215 $ % 2.5% 489, %.9% 214 $ % 9.2% 614,9 4.6% 1.% 213 $ % 12.3% 741, % 1.3% 212 $ % 12.6% 916, %.4% 211 $ % 13.2% 971, %.9% 21 $ % 12.1% 1,87, % % 29 $ % 6.2% 1,88, % % 28 $ % 1.5% 1,95, % 1.% Page 2
22 Sale Trends OVERALL SALES Completed Transactions Market Pricing Trends Year Deals Volume Turnover Avg Price Avg Price/SF Avg Cap Rate Price/SF Price Index Cap Rate 222 $ % 221 $ % 22 $ % 219 $ % 218 $ % YTD $ % $267.9 M 8.6% $2,391,232 $ % $ % $26.3 M 5.9% $1,379,916 $ % $ % $21.8 M 5.5% $1,434,328 $ % $ % $215.8 M 6.2% $2,14,951 $ % $ % $155.3 M 4.1% $1,89,381 $ % $ % $116.1 M 6.6% $1,225,673 $ % $ % $67.9 M 2.1% $1,15,178 $ % $ % $78.9 M 4.9% $1,398,442 $ % $ % $7.7 M 2.3% $1,972,571 $ $ % $27.8 M 1.% $768,33 $ % $ % Page 21
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 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 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 informationCalifornia Housing Market Update. Monthly Sales and Price Statistics November 2018
California Housing Market Update Monthly Sales and Price Statistics November 2018 Home Sales: Largest Decline Since 2014 California, November 2018 Sales: 381,400 Units, -4.6% YTD, -13.4% YTY 700,000 600,000
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 informationECONOMIC CURRENTS. Vol. 3, Issue 1. THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction
ECONOMIC CURRENTS THE SOUTH FLORIDA ECONOMIC QUARTERLY Introduction Economic Currents provides an overview of the South Florida regional economy. The report contains current employment, economic and real
More informationCalifornia Housing Market Update. Monthly Sales and Price Statistics December 2018
California Housing Market Update Monthly Sales and Price Statistics December 2018 Sales Reached the Lowest Level since Jan 2015 California, December 2018 Sales: 372,260 Units, -5.2% YTD, -11.6% YTY 700,000
More information2000 DANIeL ISLAND DRIVE CHARLESTON, SC 29492
2000 DANIeL ISLAND DRIVE CHARLESTON, SC 29492 +/- 52,000 SF of Class A Office Sublease Opportunity 2000 Daniel Island Drive Table of Contents A Unique Sublease Opportunity 4 Section 1 The Opportunity 6
More informationCalifornia Housing Market Update. Monthly Sales and Price Statistics May 2018
California Housing Market Update Monthly Sales and Price Statistics May 2018 Sales Lost Momentum as Mortgage Rates Continued to Climb California, May 2018 Sales: 409,270 Units, +0.3% YTD, -4.6% YTY 700,000
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 informationAnnual Report on the Charleston Area Housing Market FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CHARLESTON TRIDENT ASSOCIATION OF REALTORS MLS
Annual Report on the Charleston Area Housing Market FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CHARLESTON TRIDENT ASSOCIATION OF REALTORS MLS FOR RESIDENTIAL REAL ESTATE ACTIVITY FROM THE CHARLESTON
More informationSTATE OF THE MULTIFAMILY MARKET MACRO VIEW
STATE OF THE MULTIFAMILY MARKET MACRO VIEW JEANETTE I. RICE, CRE AMERICAS HEAD OF MULTIFAMILY RESEARCH APRIL 19, 2018 Westchester/ Fairfield 2 JEANETTE I. RICE STATE OF U.S. MULTIFAMILY MARKET KEY INVESTMENT
More information>> 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 informationMetropolitan Area Statistics
Metropolitan Area Statistics Apartment Completions 1Q 2011 1Q 2012 % Chg Atlanta - - n/a Boston 133 39-71% Chicago - 20 n/a Cleveland - - n/a Columbus - 272 n/a Dallas-Ft. Worth 604 1,059 75% Denver 328
More informationCBRE Houston ViewPoint
CBRE Houston ViewPoint DOWNTOWN HOUSTON: THE NEW GATEWAY MARKET? by Sara R. Rutledge Director, Research and Analysis INTRODUCTION Investor interest from both domestic and foreign sources has revived in
More informationCalifornia Housing Market Update. Monthly Sales and Price Statistics September 2018
California Housing Market Update Monthly Sales and Price Statistics September 2018 Sales Had the Largest Decline since March 2014 California, September 2018 Sales: 382,550 Units, -3.3% YTD, -12.4% YTY
More informationThe Ridge Apartments $2,950, Units in the Chattanooga TN Market Area. Great Property Great Location. Asking Price:
Great Property Great Location The Ridge Apartments 40 Units in the Chattanooga TN Market Area Asking Price: $2,950,000 3400 Lisa Dr & 3400 Gail Dr East Ridge, TN 37412 Recently renovated property in the
More informationMarket Demands More Investment Product
Research & Forecast Report CHARLESTON INVESTMENT Q2 2016 Market Demands More Investment Product Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Investors are seeking opportunities
More informationKEY TOWER SALE highlights start of 2017
KEY TOWER SALE highlights start of 2017 Demand for office space in the Greater Cleveland office market remained strong as 2016 wound down and transitioned into the first quarter of 2017. After netting
More informationCalifornia Housing Market Update. Monthly Sales and Price Statistics August 2018
California Housing Market Update Monthly Sales and Price Statistics August 2018 Sales Declined for the 4 th Consecutive Month California, August 2018 Sales: 399,600 Units, -2.1% YTD, -6.6% YTY 700,000
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 informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT. School of Business. April 2018
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT April 2018 Key economic indicators suggest that the Inland Empire s economy will continue to expand throughout the rest of 2018, building upon its recent growth.
More information>> Asking Rents Increase As Space Remains Limited
Research & Forecast Report MID-COUNTIES INDUSTRIAL Accelerating success. >> Asking Rents Increase As Space Remains Limited Key Takeaways > Average asking rents increased $0.02 Per Square Foot (P) Triple
More 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 informationPARHAM PROFESSIONAL PARK
20,372 s.f. medical office building value-add and owner occupant oportunity PARHAM PROFESSIONAL PARK PARHAM PROFESSIONAL PARK a Executive Summary THE OPPORTUNITY JLL, as exclusive advisor, is pleased to
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 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 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 informationREAL ESTATE MARKET REVIEW
MULTIFAMILY 2014 HAMPTON ROADS REAL ESTATE MARKET REVIEW Author Charles Dalton Data Analysis Real Data Financial Support The E.V. Williams Center for Real Estate and Economic Development (CREED) functions
More information2017 RESIDENTIAL REAL ESTATE MARKET REPORT
2017 RESIDENTIAL REAL ESTATE MARKET REPORT Published January 26, 2018 Our market reports have been focused on the effects of low inventory on our housing market and for good reason. December 2017 marked
More informationCHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP
CHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP SECOND QUARTER NEWSLETTER 216 HOT TOPICS Capital markets remain a focus with 14 assets either under contract or sold totaling $2.6 billion, which includes
More informationUDIA WA PROPERTY MARKET STATISTICS
UDIA WA PROPERTY MARKET STATISTICS OCTOBER 217 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE 3 4 ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL
More information>> Hollywood Market Activity Flattens
Research & Forecast Report Central Los Angeles OFFICE Q2 216 Accelerating success. >> Hollywood Market Activity Flattens Key Takeaways > There is currently 533,6 square feet () of office product under
More informationReal Estate Market Analysis
One of the challenges facing the West Berkeley shuttle is to consider whether to expand the service beyond the current operations serving major employers, to a system that provides access to a more diverse
More informationThe 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 informationSan Francisco Bay Area to Santa Clara & San Benito Counties Housing and Economic Outlook
San Francisco Bay Area to 019 Santa Clara & San Benito Counties Housing and Economic Outlook Bay Area Economic Forecast Summary Presented by Pacific Union International, Inc. and John Burns Real Estate
More informationStrengthening Market Fuels Investment Opportunities
Research & Forecast Report GREENVILLE, SC OFFICE Q3 2016 Strengthening Market Fuels Investment Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> Investment sale opportunities
More information>> 2017 Begins With Continued Strong Demand
Research & Forecast Report Central Los Angeles OFFICE Q1 217 Accelerating success. >> 217 Begins With Continued Strong Demand Key Takeaways > Hudson Pacific's Icon at Sunset property delivered 323,3 square
More information>> 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 informationCALGARY REGIONAL HOUSING MARKET STATISTICS 12.14
CALGARY REGIONAL HOUSING MARKET STATISTICS 12.14 Yearly records set as monthly sales see slight decline Condominium and townhouse sales set a new record for 214 Calgary, January 2, 215 It was a record
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 informationSan Francisco Bay Area to Napa County Housing and Economic Outlook
San Francisco Bay Area to 019 Napa County Housing and Economic Outlook Bay Area Economic Forecast Summary Presented by Pacific Union International, Inc. and John Burns Real Estate Consulting, LLC On Nov.
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 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 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 information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More 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 informationSFR Condo Residential Lot Sales Inventory Sales Inventory Sales Inventory. Month YTD Month Month YTD Month Month YTD Month
Grand Strand Market Report 2017 capped off a great year for the Grand Strand as full year SFR sales volume and median sales price were up 9.8% and 4.3%, respectively. Condo sales activity increased 3.0%
More informationUDIA WA PROPERTY MARKET STATISTICS
UDIA WA PROPERTY MARKET STATISTICS JUNE 218 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL CONSTRUCTION
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 information>> Greater Los Angeles Retail Starts 2016 On a Positive Note
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Starts 2016 On a Positive Note Greater Los Angeles Retail Market The Los Angeles Basin retail market
More information>> Market Records Strong Demand To End 2016
Research & Forecast Report Central Los Angeles OFFICE Q4 216 Accelerating success. >> Market Records Strong Demand To End 216 Key Takeaways > There is currently 61,4 square feet () of office product under
More 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 information>> 2016 Off to A Good Start for Tri-Cities
Research & Forecast Report TRI-CITIES OFFICE Q1 216 Accelerating success. >> 216 Off to A Good Start for Tri-Cities Key Takeaways > The Tri-Cities office market saw vacancy decline for the seventh consecutive
More informationCOMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK
CCRSI RELEASE MARCH 2016 (With data through February 2016) COMMERCIAL PROPERTY PRICES REMAIN IN SLOWDOWN PATTERN AS MARKET REACTS TO INVESTOR PULLBACK DESPITE DECLINE IN PROPERTY PRICING, LEASING ACTIVITY
More informationTime for Retail to Take Stock
Q1 2013 RETAIL LAS VEGAS NEVADA RESEARCH & FORECAST REPORT Time for Retail to Take Stock It is heartening to say, after five years of a bad economy, that the first quarter of 2013 s 119,649 square feet
More informationIndustrial 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 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 informationOrange County Multifamily
MARKET REPORT / Orange County Multifamily Employment Gains Driving Rental Demand, Low Vacancy Rates More than 2,600 units have come online to this point in, and nearly 5,000 apartments are currently under
More informationMEDICAL OFFICE BUILDING SNAPSHOT: Q1 2015
OUTLYING MEDICAL OFFICE BUILDING MARKET HIGHLIGHTS Demand for off campus medical office buildings (MOBs) over the next several years, including those located in the outlying Chicago MOB market will be
More informationHousing Price Forecasts. Illinois and Chicago PMSA, October 2014
Housing Price Forecasts Illinois and Chicago PMSA, October 2014 Presented To Illinois Association of Realtors From R E A L Regional Economics Applications Laboratory, Institute of Government and Public
More informationHouston Summer Retail. Office. July 2016 Commercial Markets. Independent Valuations for a Variable World Page 1. Summary Q1 Statistics
July 2016 Commercial Markets In This Issue Commercial Markets Retail Office Industrial Multifamily Housing Trends Single Family Housing Lot Supply & New Home Data % 10% 8% 6% 4% 2% 0% Retail 2007 Q1 2008
More informationProperty. Mashreq. Economic Overview. Wealth Gauge.
Economic Overview United Arab Emirates has continued to benefit from surging confidence, safeheaven status, rising population and stable world class real estate market opportunities. The macroeconomic
More information2019 Housing Market Forecast. Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist
2019 Housing Market Forecast Palos Verdes Peninsula AOR January 8, 2019 Jordan G. Levine Senior Economist Overview Good News: Economic fundamentals solid Homeownership still the dream Rates might not go
More informationINLAND EMPIRE REGIONAL INTELLIGENCE REPORT
INLAND EMPIRE REGIONAL INTELLIGENCE REPORT June 2016 EMPLOYMENT After a slow start to 2016, the Inland Empire s labor market returned to form, in recent job figures. Seasonally adjusted nonfarm employment
More informationMAR KET GLANCE SAN DIEGO OFFICE MARKET REPORT PROPERTY SERVICES DEVELOPMENT INVESTMENT FOURTH QUARTER 2015 PROPERTY SERVICES DEVELOPMENT INVESTMENT
AT A SAN DIEGO OFFICE MARKET REPORT FOURTH QUARTER 215 AT A NEW SUPPLY PUSHES VACANCY RATES HIGHER San Diego s regional economy has been buzzing and added a net total of 37,8 jobs in the 12 months ending
More information>> South Bay Market Hits 9-Year High in Demand
Research & Forecast Report South Bay OFFICE Q3 2016 Accelerating success. >> South Bay Market Hits 9-Year High in Demand Key Takeaways > The El Segundo/Beach Cities submarket once again led the South Bay
More informationEconomic Overview DENVER INDUSTRIAL/FLEX MARKET MONITOR FIRST QUARTER Denver s industrial flex market vibrant during the first quarter.
Economic Overview DENVER INDUSTRIAL/FLEX MARKET MONITOR FIRST QUARTER 2015 Denver s industrial flex market vibrant during the first quarter. The Denver industrial market has record high asking rental rates,
More informationMETROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended September 30, 2005
F-8 METROPOLITAN TRACT PERFORMANCE REPORT For the Quarter Ended September 30, 2005 Finance, Audit & Facilities Committee vember 18, 2005 CONSOLIDATED METROPOLITAN TRACT PROPERTIES Quarterly Summary Quarterly
More informationThe Market Is Energized By Increased Development In Hollywood
OFFICE CENTRAL LOS ANGELES MARKET REPORT The Market Is Energized By Increased Development In Hollywood MARKET OVERVIEW MARKET INDICATORS - VACANCY 20.5% NET ABSORPTION 24,100 CONSTRUCTION 574,000 RENTAL
More 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 informationAnna Maria Luxury Real Estate March 2018 Newsletter
Anna Maria Luxury Real Estate March 218 Newsletter Two months into 218 looks to be another good start for the year. February 28, 21 Y.T.D. Anna Maria Island property sales were; 58(Single Family Homes
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 informationPikes Peak area housing Market Statistics (As of: 9/30/2018)
$156,25 $184, $174,697 $177,2 $21,53 $185,83 $173, $178,29 $172,25 $212,75 $21,95 $226,692 $197,5 $199, $196, $28, $25, $223,95 $216,75 $29,527 $234,9 $218,82 $229,74 $235,518 $231,457 $255, $259,11 $269,98
More information>> 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 informationAustin 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 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 informationNew year kicks off with slow sales Jan. 2019
January 19 19 MONTHLY STATISTICS PACKAGE New year kicks off with slow sales 19, February 1, 19 As economic challenges linger into 19, housing markets remain on a sluggish pace. January sales totalled 8
More information>> Greater Los Angeles Retail Starts 2017 At A Slow Pace
Research & Forecast Report GREATER LOS ANGELES RETAIL Q1 2017 Accelerating success. >> Greater Los Angeles Retail Starts 2017 At A Slow Pace Greater Los Angeles Retail Market The Los Angeles Basin retail
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 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 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 informationUDIA WA PROPERTY MARKET STATISTICS
UDIA WA PROPERTY MARKET STATISTICS FEBRUARY 218 1 IN THIS ISSUE KEY TRENDS INDUSTRY UPDATE 3 4 ECONOMY RESIDENTIAL LAND DEVELOPMENT RESIDENTIAL PROPERTY SETTLEMENTS RESIDENTIAL PROPERTY MARKET RESIDENTIAL
More informationResearch. New product, high rents CLEVELAND 1Q16 INDUSTRIAL MARKET. Current Conditions
New product, high rents The Greater Cleveland industrial market absorbed 556,046 square feet in the first quarter of 2016, the 14th consecutive quarter of positive tenancy gains for the market. The positive
More informationHISTORICAL 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>> South Bay Continues Momentum To Start 2017
Research & Forecast Report South Bay OFFICE Q1 2017 Accelerating success. >> South Bay Continues Momentum To Start 2017 Key Takeaways > Although leasing velocity dropped from 2016, demand from that period
More informationSection 1 - Current Metro Rent Details. Asking Rent by Age Asking Rent Distribution Asking Rent Growth Rate Distribution $788 $859 $860 $931
Section 1 - Current Metro Rent Details Asking Rent by Age Asking Rent Distribution Asking Rent Growth Rate Distribution Year Built Rent Before 1970 $516 1970-1979 $484 1980-1989 $602 1990-1999 $702 After
More informationAAug ugust 2017
August 17 17 Housing recovery a balancing act Growth in new listings outpaced sales preventing inventory declines City of Calgary, September 1, 17 Sales posted a modest gain in August, but a rise in new
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 informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS KYLE BROWN RMLS Fellow, Master of Real Estate Development Candidate Amid some encouraging signs nationally, the Portland office market has maintained its stability, with the CBD
More informationMIDTOWN APARTMENTS OFFERING MEMORANDUM NATIONAL MULTI HOUSING GROUP. 700 Midtown Ln Harriman, TN Multifamily Units
NATIONAL MULTI HOUSING GROUP MIDTOWN APARTMENTS OFFERING MEMORANDUM 700 Midtown Ln Harriman, TN 37748 32-Multifamily Units INVESTMENT ADVISOR PAT COSGROVE D +1 615-997-2853 C +1 615-973-5373 pat.cosgrove@marcusmillichap.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 informationReal gross domestic product California vs. United States
Real gross domestic product California vs. United States Percent change, year ago 6 4 U.S. California 2 0-2 -4-6 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Bureau of Economic Analysis.
More informationMonthlyStatistics AUGUST 2018
MonthlyStatistics AUGUST 2018 FOR IMMEDIATE RELEASE September 4, 2018 Sales Bounce Back Slightly From July But Still Lower Than in 2017 NANAIMO, BC Sales of single-family homes in August were seven per
More informationMULTIFAMILY 2012 MULTI-FAMILY HAMPTON ROADS MARKET REVIEW. Author. Data Analysis. Financial Support. Disclosure. Charles Dalton.
HAMPTON ROADS MARKET REVIEW MULTIFAMILY Author Data Analysis Financial Support Disclosure Charles Dalton Real Data The E. V. Williams Center for Real Estate and Economic Development (CREED) functions and
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 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 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 informationEconomic and Housing Market Outlook ( ) October 31, Contra Costa AOR
Economic and Housing Market Outlook (2012 2013) Contra Costa AOR October 31, 2012 Oscar Wei Senior Research Analyst California Association of REALTORS Overview US and California Economies California Housing
More information