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

Size: px
Start display at page:

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

Transcription

1 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, record low vacancy rates, and a shortage of quality assets. Denver s economy remains one of the most dynamic in the country. Denver added 46,200 jobs during 2014, continuing the upward trend of recent years. The Metro Denver Economic Development Corporation (EDC) predicts that Denver s job growth rate for 2015 to be 3%, which translates into approximately 45,000 new jobs. According to the EDC, the supersectors that are likely to see the most growth are natural resources & construction, education and healthcare services, professional and business services, and leisure and hospitality. 4.0% 3.0% 2.0% 1.0% 0.0% -1.0% -2.0% -3.0% Denver Historical Job Growth During the first quarter of 2015, the unemployment rate in the Denver Metro area remained steady at 4.2%. The -4.0% -5.0% cutbacks in Colorado s energy industry due to declining oil and gas prices have not yet translated into major job losses for the state. This will not be the case for the rest of the year, as a downturn is expected in this sector. At the conclusion of the first quarter, there were a number of large oil and gas firms that announced layoffs, including WPX Energy and Noble Energy. Luckily, with Denver s diversified economy, this should not cause destabilization in the market overall. The housing market remains especially vibrant, with Denver among one of four cities in the nation to have housing prices beat prerecession pricing. Additionally, at of the conclusion of the first quarter, Denver had a record low inventory of homes on the market. There was only a quarter of the typical home inventory available for purchase, making the housing market very competitive. Adding to this, Denver ranked 6th out of the country s largest metro areas for population growth in 2014 according to a Newgeography study. As millennials continue to move to Denver in record numbers, the housing market will stay tight and the real estate industry will continue to directly benefit. Denver s unemployment rate remains lower than most of the country, at 4.2% as of February. According to the EDC, Denver experienced job growth in each supersector except information technology during Information technology is expected to post a slight increase in The Metro Denver Economic Development Corporation (EDC) predicts that Denver s job growth rate for 2015 will be approximately 3%. After reaching $92/bbl in June, West Texas Intermediate (WTI) pricing has fallen by nearly 45% to $51/bbl in December, the lowest pricing since April Job growth in 2015 is expected to occur in industries such as professional and business services, construction, education and health services, and government The professional and business services sector was the most active during 2014 in Denver, as 10,600 jobs were added, a full 4% gain. Partnership. Performance

2 Denver Industrial/Flex Market Monitor First Quarter 2015 Industrial/Flex Market Overview The Denver industrial & flex market thrived during the first quarter with record figures in vacancy and rental rates and vibrant leasing activity. Much of the success in the industrial/flex market stems from economic gain, as Denver has a 4.2% unemployment rate and steady job growth. Another contributing factor is the marijuana industry, which brought in $700 million in revenue during 2014, and 2015 s projection is approximately $1 billion. The market consists of approximately 256 million square feet (msf) with 1.6 msf under construction. ABSORPTION & DEMAND Vacancy Rates 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% YE09 YE10 YE11 YE12 YE13 YE Asking Rents $8.00 $6.00 $4.00 $2.00 YE09 YE10 YE11 YE12 YE13 YE Net Absorption 8,000,000 6,000,000 4,000,000 2,000,000 0 (2,000,000) Absorption in Denver was positive during the first quarter, coming in at almost 1 msf absorbed. This is an improvement over Q s negative absorption, and is expected to improve even further as the year progresses. Absorption for flex properties led the way, with almost 800,000 sf absorbed during the first quarter. The I-70 East submarket was the most active, with approximately 843,000 sf of both industrial and flex space absorbed, followed by Northwest at approximately 248,000 sf absorbed. Despite the overall positive absorption, certain submarkets were in the negative, such as Central (-356,324 sf), Northeast (-55,539 sf), West (-44,907 sf), and Southwest Weld County (-1,300 sf). Leasing activity was also up during the first quarter, with 2.6 msf leased during Q1, a 13% increase over last year s 2.3 msf. Industrial properties saw the most activity, with over 2 msf leased during Q1. Industrial deals include 136,400 sf leased to Nestle Waters North America, 131,458 sf leased to Tenere, 107,111 sf leased to HD Supply White Cap, and 88,575 sf leased to Priority Wire & Cable. Flex properties saw around 550,000 sf of lease deals during the quarter, including 136,701 sf leased to Fenix Outdoor Import, 66,350 sf leased to White Wave Foods Company, 51,974 sf leased to Graphic Packaging International, 21,600 sf leased to Crooked Stave CO Distributing Company, and 21,350 sf leased to Santander. NOTABLE FIRST QUARTER LEASES: Fenix Outdoor Import preleased 136,701 sf at 1900 Taylor Avenue in Louisville, and will move in August Nestle Waters North America signed a 136,400 sf new lease at Building 1 in the Mile High Business Center. They are reducing their footprint from almost 200,000 sf in the same building. Tenere signed a 131,458 sf new lease at Park 12 Hundred. occupy the space in October The Timken Company signed a 92,670 sf new lease at 4850 Moline Street. They are expanding from 32,000 sf at their current location. NOTABLE FIRST QUARTER SALES: A 5-property portfolio at Airport Distribution Center was sold to DCT Industrial Trust for $46.6 million, or $67 psf. The former Ultimate Electronics store, located at 321 West 84th Avenue, an industrial distribution building, was sold to Appliance Factory & Mattress Kingdom for $16 million, or $47 psf Grasslands Drive, a flex building, was sold to Charter Communications Operating, LLC for $8.3 million, or $98 psf. 373 Inverness Parkway, a flex r&d building, was sold to Diamond Ventures for $8.0 million, or $97 psf. The former Gold Sausage building at 2800 Walnut Street, an industrial manufacturing building, was sold to 1425 Market Street LLC. for $3.2 million, or $97 psf They will HD Supply/White Cap signed a 107,000 sf new lease at the former Sears Outlet site at 701 Osage Street.

3 Denver Industrial/Flex Market Monitor First Quarter 2015 VACANCY & AVAILABILITY The vacancy rate continued to fall during the first quarter for a record low- 3.6% vacant overall, down from 5% in Q Industrial buildings are very tight, with a 2.6% vacancy rate overall. There are a number of industrial submarkets with vacancy under 2%, such as Southwest Weld County (0.8%), Northeast (1%), Central (1.5%), and West (1.5%). Flex vacancy overall is at 8.6%, with the lowest vacancy rates in the Central and Northeast submarkets, both at 3.2% vacant. The availability rate of the industrial & flex market demonstrates the competitiveness of the market. The five year average availability rate is 11%, and the current 6.6% available is well below, having dropped rapidly for 3 consecutive years will remain aggressive and landlords will continue to have the upper hand. Submarkets with the highest availability rates are the Southeast, with 11.2%, Northwest at 10.7%, and North with 8%. The tightest markets are the Northeast with 1.8%, and Central and West submarkets at 4%. RENTAL RATES Asking rental rates are climbing rapidly, as Q1 s $7.47 is up 10% from last year s $6.79 and is a record high for the market. This climb started in Q when the average rental rate was $5.58, and has not dropped in the quarters since, averaging about a 2% increase each quarter. The climbing rental rates are expected to continue throughout the remainder of the year due to the marijuana industry growth and the surge of interest in the area. over Q and flex properties are $9.87, which is a 3% increase over last year. CONSTRUCTION Construction activity was slower than last year, with approximately 1.6 msf under construction at the conclusion of the quarter. Three properties delivered during Q1 totaling approximately 580,000 sf and as of the conclusion of the quarter were 28% leased. In the coming quarters of 2015, there are a number of proposed properties scheduled to break ground and 1.6 msf will deliver by the end of the year, which will help alleviate some of the tightness in the market. Noteworthy properties that will deliver by the end of the year include Building 5 at Enterprise Business Center at Stapleton, a 466,540 sf industrial distrution building; Building 21 at Gateway Park, a 347,840 sf industrial warehouse building; 5501 Havana Street, a 249,300 sf industrial warhouse building; and 1960 Cherry Street, a 59,137 sf flex building. Of the buildings set to deliver by year end, only approximately 21% is preleased. The Southeast submarket has the highest overall asking rent, coming in at $9.57 during Q1. The first quarter s average rental rates for industrial properties was $6.32, a huge 15% increase 5,000,000 DENVER HISTORICAL CONSTRUCTION ACTIVITY 4,500,000 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000, , Delivered Under Construction - 3 -

4 Significant 2015 Transactions First Quarter 2015 TOP LEASES & SALES Fenix Outdoor Import s preleasing of 136,701 sf at 1900 Taylor Avenue. Nestle Waters North America s 136,400 sf new lease at Building 1 in the Mile High Business Center. Tenere s 131,458 sf new lease at Park 12 Hundred. DCT Industrial Trust s purchase of 5 properties at Airport Distribution Center for $46.6 million. Appliance Factory & Mattress Kingdom s purchase of the former Ultimate Electronics building at 321 West 84th Avenue for $16 million. Charter Communications Operating s purchase of 4810 Grasslands Drive for $8.3 million. BUILDING COMPLETIONS East 56th Avenue (392,425 sf), industrial distribution, I-70 East. Avery Brewing (95,922 sf), flex light manufacturing, Northwest. Enterprise Business Center at Stapleton Building 1 (91,961 sf), flex light manufacturing, I-70 East. Construction Forecast Developer Building RBA Completion Prologis E 19th Avenue 759,200 Proposed United Properties Enterprise Business Center, Building 5 466,540 Q EP 70, LLC Eastpark 70, Building 1 354,900 Q The Pauls Corporation Gateway Park, Building ,840 Q Prologis 5501 Havana Street 249,300 Q Etkin Johnson 1900 Taylor Avenue 136,701 Q Bedrosian Tile E 40th Avenue 135,000 Proposed Etkin Johnson 1960 Cherry Street 59,137 Q Trends to Watch Population Growth: 2015 projected growth rate 1.43 % Employment: Job gains across all sectors and unemployment rate around 4%. Active Markets: I-70 East, Central, Northwest. Market Drivers: Construction, Housing, Health Care. THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, AVISON YOUNG MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR ACCURACY THEREOF. THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE. For more information: avisonyoung.com 2015 Avison Young Northern California, LTD. All rights reserved. Sarah Carver, Research Manager

5 Market By Numbers First Quarter 2015 Industrial/Flex Market Overview Submarket Total RBA Direct Available Space Sublet Available Space Vacancy Rate Availability Rate Ind Flex Overall Ind Flex Overall Leasing Activity Net Absorption Average Asking Rent (NNN) Ind Flex Overall Central 58,636,869 2,065, , % 3.2% 1.6% 3.8% 7.0% 4.0% 469,395 (356,324) $6.16 $7.79 $6.25 i-70 East 83,238,960 5,073, , % 6.5% 3.3% 6.4% 13.6% 6.8% 1,129, ,823 $5.78 $8.50 $6.03 North 13,310,966 1,004,037 59, % 16.8% 6.0% 4.5% 23.8% 8.0% 261, ,082 $8.03 $9.74 $8.37 Northeast 12,866, ,505 3, % 3.2% 1.1% 6.2% 1.5% 1.8% 18,200 (55,539) $4.57 $12.92 $6.31 Northwest 32,933,464 2,897, , % 9.7% 6.5% 8.0% 14.5% 10.7% 383, ,856 $6.80 $9.98 $8.62 Southeast 15,956,372 1,692, , % 7.6% 5.8% 8.5% 13.9% 11.2% 200, ,076 $8.42 $10.38 $9.57 Southwest 10,782, ,109 76, % 9.8% 5.1% 3.3% 14.5% 7.8% 44,714 45,846 $5.47 $9.45 $8.81 Southwest Weld County 5,057, , % 18.6% 2.4% 6.8% 19.7% 7.9% 0 (1,300) $10.19 $10.73 $6.60 West 22,938, ,654 46, % 6.7% 2.6% 2.8% 8.5% 4.0% 88,048 (44,907) $6.69 $9.96 $8.21 Denver Market Average 255,721,634 14,995,197 1,875, % 8.6% 3.6% 5.3% 13.6% 6.6% 2,595, ,613 $6.32 $9.87 $7.47 THE INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES BELIEVED RELIABLE; HOWEVER, AVISON YOUNG MAKES NO GUARANTEES, WARRANTIES OR REPRESENTATIONS AS TO THE COMPLETENESS OR ACCURACY THEREOF. THE PRESENTATION OF THIS PROPERTY IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, OR CONDITIONS, PRIOR TO SALE OR LEASE, OR WITHDRAWAL WITHOUT NOTICE

Chicago s industrial market thrives during the third quarter.

Chicago s industrial market thrives during the third quarter. CHICAGO INDUSTRIAL MARKET MONITOR THIRD QUARTER 2015 Chicago s industrial market thrives during the third quarter. Demand across the Chicago industrial market remains high sending absorption up and vacancy

More information

Chicago s industrial market thrives during the second quarter.

Chicago s industrial market thrives during the second quarter. Economic Overview CHICAGO INDUSTRIAL MARKET MONITOR SECOND QUARTER 2015 Chicago s industrial market thrives during the second quarter. Demand across the Chicago industrial market remains high sending absorption

More information

DENVER. Office Research Report. First Quarter Partnership. Performance.

DENVER. Office Research Report. First Quarter Partnership. Performance. DENVER Office Research Report First Quarter 2018 Denver Market Facts 61,614 Jobs added in the last 12 months ending in February, a 4.1% increase in employment. 3.1% Unemployment in Denver, lower than the

More 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

Monthly Market Snapshot

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

More information

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

Boulder, CO 2nd Quarter 2015 INDUSTRIAL. Market Trends COMMERCIAL REAL ESTATE INFORMATION

Boulder, CO 2nd Quarter 2015 INDUSTRIAL. Market Trends COMMERCIAL REAL ESTATE INFORMATION Boulder, CO 2nd Quarter 2015 INDUSTRIAL Market Trends COMMERCIAL REAL ESTATE INFORMATION Table of Contents/Methodology of Tracked Set Table of Contents/Methodology of Tracked Set 2 Boulder Industrial Market

More information

HOUSTON INDUSTRIAL MARKET

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

More information

MARKETBEAT Columbus. Office Q1 2018

MARKETBEAT Columbus. Office Q1 2018 COLUMBUS OFFICE Economic Indicators Q1 17 Q1 18 Unemployment 4.1% 3.8% Ohio Unemployment 5.1% 4.6% U.S. Unemployment 4.7% 4.1% Market Indicators (Overall, All Classes) Q1 17 Q1 18 Overall Vacancy 12.2%

More information

Research. New product, high rents CLEVELAND 1Q16 INDUSTRIAL MARKET. Current Conditions

Research. 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 information

MARKETBEAT INDUSTRIAL SNAPSHOT

MARKETBEAT INDUSTRIAL SNAPSHOT 9.1 4.9 7.3 4.5 7. 1.3 8.1 1.3 1.7.3 msf MARKETBEAT INDUSTRIAL SNAPSHOT LAS VEGAS, NV A Cushman & Wakefield Alliance Research Publication Q1 215 ECONOMIC OVERVIEW The U.S. economy continued to add jobs

More information

Greater Toronto Area Industrial Market Report

Greater Toronto Area Industrial Market Report 1 ST QUARTER 16 Greater Toronto Area Industrial Report Partnership. Performance. Overview The record-setting momentum felt through 15 in the Greater Toronto Area (GTA) industrial market showed signs of

More information

3 RD QUARTER 2016 RICHMOND INDUSTRIAL MARKET REPORT

3 RD QUARTER 2016 RICHMOND INDUSTRIAL MARKET REPORT 3 RD QUARTER 2016 RICHMOND INDUSTRIAL MARKET REPORT FORECAST The Richmond Industrial market continued trending in the positive direction in the third quarter, with the absorption of over 320,000 square

More information

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

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS PHOENIX, ARIZONA INDUSTRIAL THIRD QUARTER 217 QUICK STATS Direct Vacancy 8.7% Overall Vacancy 9.% Lease Rate NNN $.54 Gross Absorption Under Construction MARKET TRENDS Current Quarter 5,991,128 SF 4,751,494

More information

Chicago CBD. 4.1% Chicago s unemployment rate continued to trend downward, standing at 4.1% as of May 2017.

Chicago CBD. 4.1% Chicago s unemployment rate continued to trend downward, standing at 4.1% as of May 2017. Second Quarter 2017 Office Market Report Chicago CBD Market Facts 4.1% Chicago s unemployment rate continued to trend downward, standing at 4.1% as of May 2017. 34,400 jobs The Chicago metro area added

More information

Summary. Houston. Dallas. The Take Away

Summary. Houston. Dallas. The Take Away Page Summary The Take Away The first quarter of 2017 was marked by continued optimism through multiple Texas metros as job growth remained positive and any negatives associated with declining oil prices

More information

>> Vacancy Falls To Lowest Rate Ever

>> Vacancy Falls To Lowest Rate Ever Research & Forecast Report San Gabriel VALLEY INDUSTRIAL Accelerating success. >> Vacancy Falls To Lowest Rate Ever Key Takeaways Market Indicators Relative to prior period Forecast Construction Rental

More information

>> Orange County Market Gains Positive Momentum

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

More information

3 RD QUARTER 2015 RICHMOND INDUSTRIAL MARKET REPORT

3 RD QUARTER 2015 RICHMOND INDUSTRIAL MARKET REPORT 3 RD QUARTER FORECAST As the U.S. economy continued to show positive economic growth through the third quarter, the Richmond, VA Industrial market saw demand for warehouse and flex properties increase

More information

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

Strong Absorption Drives Down Vacancy to Start 2017

Strong Absorption Drives Down Vacancy to Start 2017 Research & Forecast Report GREATER PHOENIX INDUSTRIAL 2017 Strong Absorption Drives Down to Start 2017 Key Takeaways >> Industrial vacancy in Greater Phoenix dipped below 10 percent in the first quarter,

More information

Greater Toronto Area Industrial Market Report

Greater Toronto Area Industrial Market Report 3 RD QUARTER 15 Greater Toronto Area Industrial Report Partnership. Performance. Overview With the end of the third quarter, 15 is shaping up to be an incredible year for the Greater Toronto Area (GTA)

More information

Third Quarter 2017 / Industrial Market Report. Market Overview

Third Quarter 2017 / Industrial Market Report. Market Overview Greater Toronto Area Market Facts 2.7% Availability rate in the Greater Toronto Area $6.63 psf Average asking net rent in the Greater Toronto Area 18 Number of properties in the Greater Toronto Area with

More information

Positive Net Absorption Recorded For The Ninth Consecutive Quarter

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

More information

The Upstate, South Carolina

The Upstate, South Carolina The Upstate, South Carolina Vacancy Down and Absorption Up The first quarter of 2018 ended on a rather remarkable note, posting the largest decrease in industrial vacancy in the last eight quarters. This

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

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

BOSTON INDUSTRIAL MARKET

BOSTON INDUSTRIAL MARKET BOSTON INDUSTRIAL MARKET FIRST QUARTER 217 INDSTATUS WAREHOUSE SPACE Inside... Manufacturing market posts largest absorption in more than a year Warehouse rents reach highest price since 24 Six consecutive

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

>> 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

Negative Absorption Recorded For The First Time In Past Nine Quarters

Negative Absorption Recorded For The First Time In Past Nine Quarters OFFICE SAN FERNANDO & VENTURA MARKET REPORT Negative Absorption Recorded For The First Time In Past Nine Quarters MARKET OVERVIEW MARKET INDICATORS - VACANCY 15.6% NET ABSORPTION -124,000 CONSTRUCTION

More information

Second Quarter: Suburban Maryland s Uptick in Leasing has yet to be Realized in Absorption Numbers

Second Quarter: Suburban Maryland s Uptick in Leasing has yet to be Realized in Absorption Numbers Q2 2013 OFFICE SUBURBAN MARYLAND SUBURBAN MARYLAND MARKET REPORT Second Quarter: Suburban Maryland s Uptick in has yet to be Realized in Numbers Updated May 2012 MARKET INDICATIONS Q2 2013 Q3 2013 (p)

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

Colliers International Indiana Region

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

More information

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

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

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

Market Report Q ///////// Orange County Industrial. ///////////////L o s A n g e l e s /////////////

Market Report Q ///////// Orange County Industrial. ///////////////L o s A n g e l e s ///////////// ///////////////L o s A n g e l e s ///////////// ///////////O r a n g e C o u n t y /////////// ////////////V e n t u r a ///////////////// ////////// I n l a n d E m p i r e //////////// Market Report

More information

First Quarter 2017 / Industrial Market Report. Market Overview

First Quarter 2017 / Industrial Market Report. Market Overview Greater Toronto Area Market Facts 3.4% Availability rate in the Greater Toronto Area vs vacancy rate of 2.2% $6.53 PSF Average asking net rent in the Greater Toronto Area 18 Number of properties in the

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

First Quarter 2017 Industrial Market Report. Chicago. Economic Overview

First Quarter 2017 Industrial Market Report. Chicago. Economic Overview Chicago Market Facts 5.3% Chicago s unemployment rate continued to trend downward. Recorded at 5.3% as of February 2017. 17 MSF The number of completed projects increased to 5.1 msf and projects currently

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

Quarterly Market Report

Quarterly Market Report HOUSTON OFFICE JANUARY 2018 EXECUTIVE SUMMARY Office Market Shows Signs of Improvement Houston s overall vacancy rate remained relatively unchanged at 20.7% in, a decrease of 10 basis points quarter-over-quarter,

More information

San Fernando Valley & Ventura County Industrial Market $0.48 1Q11 1Q12 1Q13 1Q14 1Q15

San Fernando Valley & Ventura County Industrial Market $0.48 1Q11 1Q12 1Q13 1Q14 1Q15 industrial SAN FERNANDO VALLEY & VENTURA COUNTY market report Rents Continue To Rise As Vacancy Rate Continues To Decrease Market overview MARKET indicators - VACANCY 2.9% AVAILABILITY 5.2% NET ABSORPTION

More information

Sarasota-Manatee, FL 3rd Quarter 2015 INDUSTRIAL. Market Trends COMMERCIAL REAL ESTATE INFORMATION

Sarasota-Manatee, FL 3rd Quarter 2015 INDUSTRIAL. Market Trends COMMERCIAL REAL ESTATE INFORMATION Sarasota-Manatee, FL 3rd Quarter 2015 INDUSTRIAL Market Trends COMMERCIAL REAL ESTATE INFORMATION Table of Contents/Methodology of Tracked Set Table of Contents/Methodology of Tracked Set Sarasota-Manatee

More information

Market Report Q ///////// Los Angeles Industrial. ///////////////L o s A n g e l e s /////////////

Market Report Q ///////// Los Angeles Industrial. ///////////////L o s A n g e l e s ///////////// ///////////////L o s A n g e l e s ///////////// ///////////O r a n g e C o u n t y /////////// ////////////V e n t u r a ///////////////// ////////// I n l a n d E m p i r e //////////// Market Report

More information

1Q 17. Long Island Market Report

1Q 17. Long Island Market Report 1Q 17 Long Island Market Report Long Island Office 1Q 217 Long Island 1Q17 Office Office Report The Long Island Office market ended the first quarter 217 with a vacancy rate of 7.1%. The vacancy rate was

More information

>> Asking Rents Increase As Space Remains Limited

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

More information

FACT SHEET April - June 2011 EMPLOYMENT

FACT SHEET April - June 2011 EMPLOYMENT LAS VEGAS VALLEY FACT SHEET April - June EMPLOYMENT June Employment by Industry Goods Producing Natural Resources & Mining Construction Manufacturing 6,74,8 3 39,6 8,5 Trade, Transportation & Utilities

More information

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

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

More information

>> Greater Los Angeles Retail Starts 2017 At A Slow Pace

>> 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 information

Boulder, CO 2nd Quarter 2015 OFFICE. Market Trends COMMERCIAL REAL ESTATE INFORMATION

Boulder, CO 2nd Quarter 2015 OFFICE. Market Trends COMMERCIAL REAL ESTATE INFORMATION Boulder, CO 2nd Quarter 2015 OFFICE Market Trends COMMERCIAL REAL ESTATE INFORMATION Table of Contents/Methodology of Tracked Set Table of Contents/Methodology of Tracked Set 2 Boulder Office Market Map

More information

Industrial Snapshot 2Q 2016

Industrial Snapshot 2Q 2016 CHARLOTTE INDUSTRIAL Warehouse Market Indicators Warehouse Net Absorption/Asking Rent 4Q TRAILING AVERAGE 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0-200 2011 2012 2013 2014 2015 2016 Net Absorption,

More information

San Fernando Valley & Ventura County End 2015 On A Positive Note

San Fernando Valley & Ventura County End 2015 On A Positive Note OFFICE SAN FERNANDO & MARKET REPORT San Fernando Valley & Ventura County End 2015 On A Positive Note MARKET OVERVIEW MARKET INDICATORS - VACANCY 15.4% NET ABSORPTION 74,400 CONSTRUCTION 120,933 RENTAL

More information

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

INDUSTRIAL MARKET ANALYSIS

INDUSTRIAL MARKET ANALYSIS INDUSTRIAL MARKET ANALYSIS A. SYNKAI HARRISON Portland State University The National Real Estate Investor recently reported that 2014 saw the return speculative development in the industrial market in

More information

For the Reno MSA employment has historically been based largely on construction and the leisure and hospitality industry. The construction industry

For the Reno MSA employment has historically been based largely on construction and the leisure and hospitality industry. The construction industry For the Reno MSA employment has historically been based largely on construction and the leisure and hospitality industry. The construction industry has lost almost 15,000 construction jobs since 2006,

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

Industrial Market Report

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

More information

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

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

More information

KEY TOWER SALE highlights start of 2017

KEY 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 information

Las Vegas Valley Executive Summary

Las Vegas Valley Executive Summary ARROYO MARKET SQUARE Las Vegas Valley Executive Summary Retail Market 4th Quarter 2013 THE DISTRICT AT GREEN VALLEY RANCH January 23, 2014 Re: Commercial Real Estate Survey: 4th Quarter, 2013 Dear Reader,

More information

Industrial Insight Report. Calgary & Area Q4 2016

Industrial Insight Report. Calgary & Area Q4 2016 Industrial Insight Report Calgary & Area Q4 2016 Table of Contents Calgary & Area Overview 1 Calgary & Area Map 2 Submarkets Northeast & Balzac 3 Southeast 4 South Central 5 Contacts 6 Pricing Demand Supply

More information

CHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP

CHICAGO 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 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

First Quarter Industrial Market Report 2017

First Quarter Industrial Market Report 2017 First 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 information

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

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS ORANGE COUNTY INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 2.3% Overall Vacancy 2.7% Lease Rate NNN $.91 Gross Absorption Under Construction MARKET TRENDS Current Quarter 4,283,991 SF 963,138

More information

CoStar Office Statistics. Y e a r - E n d Denver Office Market

CoStar Office Statistics. Y e a r - E n d Denver Office Market CoStar Office Statistics Y e a r - E n d 2 0 1 6 Year-End 2016 Denver Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

Economic growth driving tighter market conditions

Economic growth driving tighter market conditions Metro Philadelphia Industrial, 217 Economic growth driving tighter market conditions Net Absorption 1.8 Million sq. ft. Vacancy Rate 5.4% Asking Lease Rate (NNN) $4.35 Development 2.2 Million sq. ft. Figure

More information

OFFICE MARKET ANALYSIS:

OFFICE MARKET ANALYSIS: OFFICE MARKET ANALYSIS: DAVID WEST RMLS Fellow Certificate of Real Estate Development Student Masters of Urban and Regional Planning Candidate While the Portland office market continues the slow recovery

More information

FOR SALE PROPERTY BROCHURE. Excellent, High Image Corporate Headquarters/Distribution Facility E 40th Avenue Aurora, CO CONTACT:

FOR SALE PROPERTY BROCHURE. Excellent, High Image Corporate Headquarters/Distribution Facility E 40th Avenue Aurora, CO CONTACT: FOR SALE 155,775 SF Class A Office Warehouse On 9.3 Acres 18245 E 40th Avenue Aurora, CO 80011 Excellent, High Image Corporate Headquarters/Distribution Facility PROPERTY BROCHURE CONTACT: GREG KNOTT EXECUTIVE

More information

Time for Retail to Take Stock

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

More information

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

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

The Upstate, South Carolina

The Upstate, South Carolina The Upstate, South Carolina Office Market Experiences Negative Absorption The muchanticipated pullback in the market for Greenville office leasing has arrived. This is clearly demonstrated in the first

More information

San Fernando Valley and Ventura County Witness Declining Vacancy

San Fernando Valley and Ventura County Witness Declining Vacancy OFFICE SAN FERNANDO & VENTURA MARKET REPORT San Fernando Valley and Ventura County Witness Declining MARKET OVERVIEW The San Fernando Valley and Ventura County office market saw total vacancy decrease

More information

RESEARCH & FORECAST REPORT

RESEARCH & FORECAST REPORT Q3 2014 INDUSTRIAL STOCKTON SAN JOAQUIN COUNTY, CALIFORNIA RESEARCH & FORECAST REPORT Vacancies Continue to Decline to Historic Lows Vacancy rates for San Joaquin County industrial space fell to pre-great

More information

Industrial Market Closes 2017 on an Upswing

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

More information

WINTER 2016 OMAHA, NEBRASKA INDUSTRIAL MARKET REPORT

WINTER 2016 OMAHA, NEBRASKA INDUSTRIAL MARKET REPORT WINTER 2016 OMAHA, NEBRASKA INDUSTRIAL MARKET REPORT By Kevin Stratman OMAHA S THRIVING INDUSTRIAL MARKET SHOWS NO SIGNS OF SLOWING DOWN It is difficult to find one aspect of the Omaha industrial market

More information

Orange County Industrial Continues Positive Momentum

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

More information

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

2Q 16. Long Island Market Report

2Q 16. Long Island Market Report 2Q 16 Long Island Market Report Long Island Office 2Q 216 Long Island 2Q16 Office Office Report The Long Island Office market ended the second quarter 216 with a vacancy rate of 7.5%. The vacancy rate

More information

>> Greater Los Angeles Retail Continues to Witness Declining Vacancy

>> 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

>> 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

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

Washington, D.C. Quarterly Market Report. 3rd Quarter lpcwashingtondc.com

Washington, D.C. Quarterly Market Report. 3rd Quarter lpcwashingtondc.com Washington, D.C. Quarterly Market Report Table of Contents Washington, D.C. Leasing & Market Research Metropolitan D.C. Market Overview...3 Washington, D.C. Quarterly Overview...5 Washington D.C. Top Sales...

More information

>> Greater Los Angeles Retail Starts 2016 On a Positive Note

>> 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

Upstate, SC 2Q17. Industrial Market Report. Q2 Industrial. Upstate Economy in 2Q17* Industrial Sector in 2Q17. Trends for 2Q17

Upstate, SC 2Q17. Industrial Market Report. Q2 Industrial. Upstate Economy in 2Q17* Industrial Sector in 2Q17. Trends for 2Q17 Upstate, SC 2Q17 Industrial Market Report The industrial market for the Upstate of South Carolina saw continued growth for the second quarter of 217. While there was a positive net absorption of 67,53

More information

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

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

INDUSTRIAL QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS. Current Quarter. Direct Vacancy 2. ORANGE COUNTY INDUSTRIAL SECOND QUARTER 218 QUICK STATS Direct Vacancy 2.2% Overall Vacancy 2.5% Lease Rate NNN $.95 Gross Absorption Under Construction MARKET TRENDS Current Quarter 2,956,71 SF 1,367,18

More information

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

CoStar Office Statistics. M i d - Y e a r Denver Office Market

CoStar Office Statistics. M i d - Y e a r Denver Office Market CoStar Office Statistics M i d - Y e a r 2 0 1 7 Mid-Year 2017 Denver Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

Industrial Real Estate Portfolio

Industrial Real Estate Portfolio Industrial Real Estate Portfolio Portfolio Coverage Page 7 6565 Echo Avenue, Reno, NV Property Summary Address: Size (SF): Office Finish: HVAC Space: Year Built: 2003 Site Area: 6565 Echo Avenue Reno,

More information

RESEARCH VACANCY DOWN AS CBD PACES STEADY MARKET CLEVELAND 1Q18 OFFICE MARKET. Current Conditions. Market Analysis. Market Summary

RESEARCH VACANCY DOWN AS CBD PACES STEADY MARKET CLEVELAND 1Q18 OFFICE MARKET. Current Conditions. Market Analysis. Market Summary VACANCY DOWN AS CBD PACES STEADY MARKET The Greater Cleveland office market started 2018 on solid footing, as a modest amount of net positive absorption during the first quarter resulted in a decrease

More information

The Market Is Energized By Increased Development In Hollywood

The 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 information

Washington DC Market Office Report

Washington DC Market Office Report Washington DC Market Office Report Market Overview The Office Market The Washington Office Market includes the District of Columbia and adjacent suburban submarkets in Maryland and Virginia. The Washington

More information

>> Greater Los Angeles Retail Ends 2016 With Mixed Results

>> Greater Los Angeles Retail Ends 2016 With Mixed Results Research & Forecast Report GREATER LOS ANGELES RETAIL Q4 2016 Accelerating success. >> Greater Los Angeles Retail Ends 2016 With Mixed Results Greater Los Angeles Retail Market The Los Angeles Basin retail

More information

National Presence. Local Focus

National Presence. Local Focus Metropolitan DC Market Overview 4Q 214 Overall Market Summary The Washington, DC Metropolitan commercial real estate market is comprised of approximately 41.9 million square feet of rentable office space

More information

Industrial Market Review

Industrial Market Review Q1 2012 industrial Stockton San JoAquin County, California research & forecast Report Industrial Market Review Momentum built-up from 2011 carried the industrial market into its fifth consecutive quarter

More information

MARKETBEAT Columbus. Office Q4 2018

MARKETBEAT Columbus. Office Q4 2018 COLUMBUS OFFICE Economic Indicators Q4 17 Q4 18 Unemployment 4.0% 4.0% Ohio Unemployment 4.9% 4.6% U.S. Unemployment 4.1% 3.7% Market Indicators (Overall, All Classes) Q4 17 Q4 18 Overall Vacancy 14.3%

More information