2017 FORT WAYNE, INDIANA OFFICE MARKET SURVEY

Size: px
Start display at page:

Download "2017 FORT WAYNE, INDIANA OFFICE MARKET SURVEY"

Transcription

1 2017 FORT WAYNE, INDIANA OFFICE MARKET SURVEY 2017 REVIEW 2018 FORECAST PREPARED WITH THE ASSISTANCE OF Overall, the market conditions have stabilized. The most significant development for the Fort Wayne area office market in 2017 is the relocation of SIRVA (North American Van Lines) to 77,000 sq. ft. on seven floors in the Indiana Michigan Power Center in downtown Fort Wayne. SIRVA is relocating from their corporate campus on U.S. Highway 30. The office vacancy for the total Fort Wayne market increased slightly from 13.85% to 13.98% in the period from October 2016 to October Overall, the Fort Wayne office vacancy rate has decreased approximately five percentage points since the economic downturn of 2008/2009. Downtown has the lowest vacancy rate, at 6.9%, down from 9.2% the prior year. The northeast quadrant continues to have the highest vacancy rate at 24.58%, down from 25%. The southwest quadrant vacancy rate increased to 15.45% from 14.8%. The Class A vacancy rate remains low at 9.11%. Meanwhile, the Class B vacancy rate increased slightly to 14.07%, while the Class C vacancy rate stood at 42.31%. There are currently ten office buildings containing a minimum of 30,000 sq. ft. of vacancy and eight are in the suburban market. The high vacancy in the northeast quadrant continues to negatively impact the overall market. Downtown will continue to be a desired location for office users. New downtown office space will become available with the completion of the Skyline Tower and the renovation of the Fifth Third Metro Center. Downtown development will continue, including the previously-announced project for The Landing and the Electric Works Campus. More vacant space will hit the market in the suburbs in 2018 due to the SIRVA relocation, the previously announced Harris Corporation downsizing and the closing of Brown Mackie College. Rents are increasing downtown, especially for Class A space, with rates exceeding $20.00 per sq. ft. full service plus parking. Rents are stabilizing for Class B and Class C space, especially in suburban buildings. Space utilization per employee is leveling off or increasing as employers compete for talent. Building amenities are increasingly important for attraction/retention such as dining options, fitness centers, walking paths and collaboration spaces. Steven K. Zacher, SIOR, CCIM Alfred J. Zacher, SIOR Joy Neuenschwander, CPM John M. Adams, CCIM Brian Bean Fletcher Moppert Dan Reese Evan Rubin Dave Kaverman FOR MORE INFORMATION PLEASE CONTACT: THE ZACHER COMPANY 444 EAST MAIN STREET, SUITE 203, FORT WAYNE, IN PHONE: (260) PUBLISHED: OCTOBER 5, 2017

2 The Zacher Company

3 The Zacher Company

4 Contiguous Vacancies Over 30,000 Sq. Ft. The Zacher Company

5 Average Full Service Lease Rates 2017 Notable Fort Wayne Office Transactions The Zacher Company

6 Methodology: The Zacher Company office market survey report is a compilation of data from many sources. The total amount of square footage in the marketplace area was originally gleaned from reports prepared by LoopNet, ICREX and CoStar. It is reviewed annually and adjusted due to circumstances in the market, such as new construction, re-positioning of existing buildings to another type of use and demolition. It includes office buildings only and does not include offices attached to industrial properties or flex space. The vacancy square footage is compiled from a combination of online data from multiple major listing services, brokers listing information from their websites and their mailings and industry knowledge. The survey includes space projected to be occupied or vacant in the fourth quarter It does not include announced office expansions, contractions or construction anticipated after January New construction is added to the inventory upon delivery of the space, during the reporting period. Available space also includes office spaces available for sub-lease. The brokers in our office are involved in the creation of this report to provide the most accurate information possible. We cannot be responsible, however, for errors, omissions, prior sale or lease or withdrawal from the market. The Zacher Company

2016 FORT WAYNE, INDIANA OFFICE MARKET SURVEY

2016 FORT WAYNE, INDIANA OFFICE MARKET SURVEY 2016 FORT WAYNE, INDIANA OFFICE MARKET SURVEY 2016 REVIEW 2017 FORECAST PREPARED WITH THE ASSISTANCE OF New construction, renovation and relocation in downtown was the big story for the Fort Wayne office

More information

2017 FORT WAYNE, INDIANA RETAIL MARKET SURVEY

2017 FORT WAYNE, INDIANA RETAIL MARKET SURVEY 2017 FORT WAYNE, INDIANA RETAIL MARKET SURVEY REVIEW FORECAST PREPARED WITH THE ASSISTANCE OF Nationally, retailers are closing stores at a record pace as they feel the fallout from decades of overbuilding

More information

2018 NORTHEAST INDIANA INDUSTRIAL MARKET SURVEY

2018 NORTHEAST INDIANA INDUSTRIAL MARKET SURVEY 2018 NORTHEAST INDIANA INDUSTRIAL MARKET SURVEY 2017 REVIEW 2018 FORECAST PREPARED WITH THE ASSISTANCE OF 2017 was a solid year for industrial real estate in Northeast Indiana. The vacancy rate at the

More information

2015 FORT WAYNE, INDIANA RETAIL MARKET SURVEY

2015 FORT WAYNE, INDIANA RETAIL MARKET SURVEY 215 FORT WAYNE, INDIANA RETAIL MARKET SURVEY REVIEW FORECAST PREPARED WITH THE ASSISTANCE OF The period of October 214 - June 215 was an active time for retail transactions in the Fort Wayne area; however,

More information

The past year is better described as a year of

The past year is better described as a year of Omaha Office Market Report Omaha, Nebraska / January 2018 Omaha Office Market Conditions and Trends 2017 Office Market Underperforms Omaha s office market enjoyed a number of significant transactions 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 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 REPORT WINTER 2017

OFFICE REPORT WINTER 2017 A Global Division of Cressy Commercial Real Estate OFFICE REPORT WINTER 217 www.cressycommercial.com OFFICE BUILDING CLASSIFICATIONS Office buildings are loosely classified based on the quality of their

More information

Miami-Dade County Office Market Report 4Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Office Market Report

Miami-Dade County Office Market Report 4Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Office Market Report Miami-Dade County Office Market Report 4Q 216 Real Capital Partners Real Estate Services *Data Source CoStar Miami-Dade County Office Market Report 4Q 216 Miami-Dade County Office Market Report Overview

More 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

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

TRANSWESTERN OUTLOOK DC AT Q1O8

TRANSWESTERN OUTLOOK DC AT Q1O8 TRANSWESTERN OUTLOOK DC AT Q1O8 Even With Soft Office Absorption, Vacancy Remains Low; Rents Continue to Edge Up The District of Columbia s office market experienced steady conditions during the 1st quarter

More information

GB Ridgepointe Investors, LLC

GB Ridgepointe Investors, LLC Buck Blessing buck@gb85.com Steve Engel steve@gb85.com Gary Winegar gary@gb85.com BJ Hybl bj@gb85.com Dave Bunkers dave@gb85.com 102 N. Cascade Avenue Suite 550 Colorado Springs, CO 80903 Operations &

More information

2Q 17. Office Market Report

2Q 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

Metropolitan Milwaukee Office Market Report Third Quarter 2015

Metropolitan Milwaukee Office Market Report Third Quarter 2015 Metropolitan Milwaukee Office Market Report Third Quarter 2015 RETAIL OFFICE INDUSTRIAL LAND INVESTMENT NAI MLG COMMERCIAL 414 347 9400 757 N BROADWAY, SUITE 700, MILWAUKEE, WI 53202 MLGCOMMERCIAL.COM

More information

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

17th Annual Real Estate Review & Forecast

17th Annual Real Estate Review & Forecast 2017 17th Annual Real Estate Review & Forecast This Year s Sponsors Member FDIC Construction: Review & Forecast 2017 Page 2 Permits Issued 142 New Commercial Construction Permits issued for all Elkhart

More information

VACANCY NET ABSORPTION CONSTRUCTION

VACANCY NET ABSORPTION CONSTRUCTION The office market in Milwaukee is in an exciting time. With the delivery of 833 East last quarter and the delivery of Meadowland Research & Technology Center this quarter, the office market is expanding

More information

Miami-Dade County Office Market Report 1Q Real Capital Partners Real Estate Services

Miami-Dade County Office Market Report 1Q Real Capital Partners Real Estate Services -Dade County Office Report 1Q 216 Real Capital Partners Real Estate Services 1Q 216 -Dade County Office Report Overview -Dade County s Vacancy Increases to 1.4% Net Negative (11,64) SF in the Quarter The

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

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

OFFICE MARKET ANALYSIS

OFFICE MARKET ANALYSIS OFFICE MARKET ANALYSIS A. SYNKAI HARRISON Portland State University Nationally the office sector experienced its best performance in years according to the National Real Estate Investor as employment in

More information

Q2:11. Transwestern Outlook WASHINGTON, D.C.

Q2:11. Transwestern Outlook WASHINGTON, D.C. 11 Office Property Owners Invest in Renovating Older Product to Class A; Vacancy Edges Up as Rents Edge Down; Investment Sales Strong and Net Absorption Notable The District of Columbia office market experienced

More information

CONTACT. Great Location Within a mile of I-95 on CR210 Adjacent to Twin Creeks DRI: 5,000 homes 2.9 MM office, retail, others

CONTACT. Great Location Within a mile of I-95 on CR210 Adjacent to Twin Creeks DRI: 5,000 homes 2.9 MM office, retail, others C O M M E R C I A L L A N D F O R S A L E +/- 1 A C O U T PA R C E L S AVA I L A B L E P R I C E : $ 1 8. 0 0 P E R S Q. F T. C O U N T Y R O A D 2 1 0 W E S T S T. J O H N S C O U N T Y J A C K S O N

More information

The CoStar Office Report

The CoStar Office Report The CoStar Office Report Y E A R - E N D 2 0 0 9 YEAR-END 2009 SALT LAKE CITY Table of Contents Table of Contents.................................................................... A Methodology........................................................................

More information

Industrial Market Report

Industrial Market Report Industrial Market Report West Michigan Q2 2018 Wisinski of West Michigan Office Industrial Retail Multi-Family GRAND RAPIDS The Market 1,058,079 Total Population 130+ International Companies $60,212 Average

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

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

Miami-Dade County Retail Market Report 4Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Retail Market Report

Miami-Dade County Retail Market Report 4Q Real Capital Partners Real Estate Services. *Data Source CoStar Miami-Dade County Retail Market Report Miami-Dade County Retail Market Report 4Q 216 Real Capital Partners Real Estate Services *Data Source CoStar 4Q 216 Miami-Dade County s Vacancy Decreases to 4.% Net Absorption Positive 1,155,8 SF in the

More information

MULTIFAMILY MARKET ANALYSIS

MULTIFAMILY MARKET ANALYSIS MULTIFAMILY MARKET ANALYSIS Portland State University Effective rent growth climbs in Q2 but continues downward annual trend. Occupancy remains relatively steady and slightly above long-term average. Rent

More information

FOR SALE $350,000 $300,000

FOR SALE $350,000 $300,000 MEDICAL OFFICE CONDO 4123 UNIVERSITY BLVD. S, UNIT E JACKSONVILLE, FL 32216 FEATURES GREAT LOCATION CONVENIENTLY LOCATED ON UNIVERSITY BOULEVARD IN CLOSE PROXIMITY TO MEMORIAL HOSPITAL +/- 1,842 SQ. FT.

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

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

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

The CoStar Office Report

The CoStar Office Report The CoStar Office Report Y E A R - E N D 2 0 0 8 YEAR-END 2008 PHOENIX Table of Contents Table of Contents.................................................................... A Methodology........................................................................

More 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

2011 Baton Rouge Office Market Overview

2011 Baton Rouge Office Market Overview 2011 Baton Rouge Office Market Overview Presented by: Branon W. Pesnell, CCIM, SIOR Beau Box Commerical Gary Black Wampold Companies Jonann Stutzman JTS Management Drew Pearson, CCIM NAI Latter & Blum

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

Houston Summer Retail. Office. July 2016 Commercial Markets. Independent Valuations for a Variable World Page 1. Summary Q1 Statistics

Houston 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 information

Market Trends Analysis 2014

Market Trends Analysis 2014 Adapting to User Demand Keeps Retailers Thriving Fort Wayne, Indiana Real Estate Marketplace 20th Annual Reporting The Counselors of Real Estate 2014 Top Ten issues Affecting Real Estate 1. Energy: The

More information

+48.6 million sf office inventory

+48.6 million sf office inventory Research Market Report METROPOLITAN MILWAUKEE OFFICE 2018 Quarter 1 Research Wisconsin Introduction Following a strong second half of 2017, 2018 had a slow start. Despite an increase in vacancy and negative

More information

Sacramento Office MarketView Q3 2014

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

More information

The CoStar Office Report

The CoStar Office Report The CoStar Office Report T H I R D Q U A R T E R 2 0 1 2 THIRD QUARTER 2012 PHOENIX Table of Contents Table of Contents.................................................................... A Methodology........................................................................

More 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

Bakersfield 4Q18 Office Market Trends

Bakersfield 4Q18 Office Market Trends Bakersfield the higher cost of leasing in the submarket is unlikely to hinder demand as CRC s lease expirations create more available inventory within the University Centre Submarket. Mark J. Smith, SIOR

More information

Office NT REALTY, INC. OFFICE SPACE FOR LEASE (816)

Office NT REALTY, INC. OFFICE SPACE FOR LEASE (816) Office NT REALTY, INC. OFFICE SPACE FOR LEASE SITE For more information, please contact: Richard M. Lanning, Jr., SIOR, CPM, CCIM rmlanning@ntrealty.com Individual Member, Society of Industrial or (816)

More information

Strong Leasing Velocity Points to a Positive Office Market

Strong Leasing Velocity Points to a Positive Office Market Research & Forecast Report > MINNEAPOLIS-ST. PAUL Office Q1 2018 Strong Leasing Velocity Points to a Positive Office Market Vacancy and Absorption Trends The first quarter of 2018 brought a total multi-tenant

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

Industrial NT REALTY, INC. FOR SALE

Industrial NT REALTY, INC. FOR SALE Industrial NT REALTY, INC. FOR SALE ±24,979 Square Feet 24,979± Total SF Creative adaptive reuse opportunity Situated on ±.84 Acres Adjacent to large public parking lot 14 Clear Height 3 Recessed Dock

More information

Wisinski of West Michigan. Market Report. Greater Kalamazoo Q Office Industrial Retail Multi-Family

Wisinski of West Michigan. Market Report. Greater Kalamazoo Q Office Industrial Retail Multi-Family Wisinski of West Michigan Market Report Greater Kalamazoo Q2-2017 Office Industrial Retail Multi-Family KALAMAZOO, MI The Market 262,866 Population $47,695 Median Household Income 35.1% Workforce with

More information

Industrial Market Report

Industrial Market Report Industrial Market Report West Michigan Q4 - Year End 017 Wisinski of West Michigan Commercial Real Estate Services, Worldwide. 100 Grandville Ave SW Suite 100 Grand Rapids, MI 49503 616. 776. 0100 www.naiwwm.com

More information

3 RD QUARTER 2015 RICHMOND RETAIL MARKET REPORT FORECAST 5.7% VACANCY 509,220 SF UNDER CONSTRUCTION 370,165 SF NET ABSORPTION

3 RD QUARTER 2015 RICHMOND RETAIL MARKET REPORT FORECAST 5.7% VACANCY 509,220 SF UNDER CONSTRUCTION 370,165 SF NET ABSORPTION 3 RD QUARTER 2015 RICHMOND RETAIL MARKET REPORT FORECAST As 2015 winds down, the vacancy rates are approaching an all time low. Retail inventory is down causing an increase in construction with national

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

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

The CoStar Industrial Report

The CoStar Industrial Report The CoStar Industrial Report M I D - Y E A R 2 0 1 0 Houston Industrial Market Houston Industrial Market MID-YEAR 2010 HOUSTON Table of Contents Table of Contents....................................................................

More 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

Americas Office Trends Report

Americas Office Trends Report AMERICAS OFFICE TRENDS REPORT Americas Office Trends Report Summary The overall national office market recovery slowed slightly in the first quarter of 2016 amid financial market volatility. However, as

More information

Greater Boston Industrial Finishes 2015 with a Bang

Greater Boston Industrial Finishes 2015 with a Bang MARKETVIEW Boston Suburban Industrial, Q4 2015 Greater Boston Industrial Finishes 2015 with a Bang Vacancy 9.8% Availability 13.4% Occupied Sq. Ft. 128.7 MSF Sublease 0.9 MSF Figure 1: Industrial Vacancy

More information

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

DISTRICT OF COLUMBIA IN THIS ISSUE OFFICE Q RESEARCH MARKET REPORT. State of the Economy. Leasing Activity. Development Pipeline. RESEARCH MARKET REPORT DISTRICT OF COLUMBIA OFFICE IN THIS ISSUE State of the Economy p.2 Leasing Activity p.3 Development Pipeline p.4 Market Outlook p.5 Market Breakdown p.6 DC Development: No Signs

More information

MARKET WATCH SOUTHERN CALIFORNIA & PHOENIX

MARKET WATCH SOUTHERN CALIFORNIA & PHOENIX SOUTHERN CALIFORNIA & PHOENIX COMMERCIAL REAL ESTATE MARKET FOURTH QUARTER 217 MARKET WATCH SOUTHERN CALIFORNIA & PHOENIX 1.888.659.DAUM WWW.DAUMCOMMERCIAL.COM D/AQ Corp. # 1129558 DAUM TABLE OF CONTENTS

More information

Summary Report on the Economic Impact of the State Center Project Baltimore, MD

Summary Report on the Economic Impact of the State Center Project Baltimore, MD Summary Report on the Economic Impact of the State Center Project Baltimore, MD Prepared for: Maryland Department of Transportation Prepared by: BAE Urban Economics March 2011 Summary of Key Findings Phase

More information

Office Market Report OFFICE MARKET REPORT. Boston. The Stevens Group. Ten Post Office Square Boston MA

Office Market Report OFFICE MARKET REPORT. Boston. The Stevens Group. Ten Post Office Square Boston MA OFFICE MARKET REPORT Office Market Report Boston The Stevens Group First Quarter 2017 The Stevens Group Ten Post Office Square Boston MA 02109 617-886-9300 Our Difference Is Your Advantage First Quarter

More information

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

Year End Deliveries Drive Leasing Activity In the Raleigh-Durham Market Research Report RALEIGH-DURHAM OFFICE Q4 2018 Accelerate Success Year End Deliveries Drive Leasing Activity In the Raleigh-Durham Market Kelsey Rogers Senior Research Analyst Raleigh-Durham Market Indicators

More information

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

MARKET SUMMARY MICHIGAN, METRO DETROIT AREA FOURTH QUARTER 2016 P LAN T E M OR AN CRES A. pmcresa.com

MARKET SUMMARY MICHIGAN, METRO DETROIT AREA FOURTH QUARTER 2016 P LAN T E M OR AN CRES A. pmcresa.com FOURTH QUARTER 2016 MICHIGAN, METRO DETROIT AREA MARKET SUMMARY P LAN T E M OR AN CRES A 26300 NORTHWESTERN HIGHWAY SOUTHFIELD, MI 48076 248.223.3500 pmcresa.com Connect with us for more information: Subscribe

More information

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

CoStar Office Statistics. Y e a r - E n d Portland Office Market CoStar Office Statistics Y e a r - E n d 2 0 1 7 Year-End 2017 Portland Table of Contents Table of Contents................................................................. A Methodology......................................................................

More information

The CoStar Office Report

The CoStar Office Report The CoStar Office Report F I R S T Q U A R T E R 2 0 1 4 FIRST QUARTER 2014 DALLAS/FT. WORTH Table of Contents Table of Contents.................................................................... A Methodology........................................................................

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

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

Industrial NT REALTY, INC. FOR LEASE (816)

Industrial NT REALTY, INC. FOR LEASE (816) Industrial NT REALTY, INC. FOR LEASE Located in an Opportunity Zone! For more information, please contact: Richard M. Lanning, Jr., SIOR, CPM, CCIM rmlanning@ntrealty.com SITE 26,350± Square Feet or (816)

More information

CoStar Industrial Statistics. Y e a r - E n d Brownsville/Harlingen Industrial Market

CoStar Industrial Statistics. Y e a r - E n d Brownsville/Harlingen Industrial Market CoStar Industrial Statistics Y e a r - E n d 2 0 1 7 Brownsville/Harlingen Industrial Market Brownsville/Harlingen Industrial Market Year-End 2017 Brownsville/Harlingen Table of Contents Table of Contents.................................................................

More information

MAR KET GLANCE SAN DIEGO OFFICE MARKET REPORT PROPERTY SERVICES DEVELOPMENT INVESTMENT FOURTH QUARTER 2015 PROPERTY SERVICES DEVELOPMENT INVESTMENT

MAR 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

Leasing strength concentrated in new assets

Leasing strength concentrated in new assets MARKETVIEW Midtown Manhattan Office, Q4 216 Leasing strength concentrated in new assets Leasing Activity 4.25 MSF Net Absorption.62 MSF Availability Rate 11.8% Vacancy Rate 7.9% Average Asking Rent $8.18

More information

Market Research. OFFICE First Quarter 2010

Market Research. OFFICE First Quarter 2010 colliers international LAS VEGAS, NV Market Research OFFICE First Quarter 2010 Market Indicators Net Absorption Construction Rental Rate Q1-10 Q2-2010 Projected Clark County Economic Data Jan-10 Jan-09

More information

Market Segmentation: The Omaha Condominium Market

Market Segmentation: The Omaha Condominium Market Market Segmentation: The Omaha Condominium Market Roger P. Sindt Steven Shultz University of Nebraska at Omaha Introduction A highly visible and growing niche in the homeownership market is the condominium

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

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

FOURTH QUARTER 2013 LEASING ACTIVITY CONTINUES TO BE BETTER THAN EXPECTED MARYLAND OFFICE MARKET REPORT MARKET SUMMARY ABSORPTION Q4 2013 MARYLAND OFFICE MARYLAND OFFICE MARKET REPORT FOURTH QUARTER 2013 LEASING ACTIVITY CONTINUES TO BE BETTER THAN EXPECTED MARKET SUMMARY Updated April 2013 MARKET INDICATORS Q4 2013 Q1 2014* VACANCY

More information

BOSTON OFFICE MARKET. Inside... THIRD QUARTER 2017 OFFICESTATUS. »»Boston CBD bounces back. »»Two large companies to move headquarters into Boston.

BOSTON OFFICE MARKET. Inside... THIRD QUARTER 2017 OFFICESTATUS. »»Boston CBD bounces back. »»Two large companies to move headquarters into Boston. BOSTON OFFICE MARKET THIRD QUARTER 2017 OFFICESTATUS BOSTON COMMON BOSTON Inside...»»Boston CBD bounces back.»»two large companies to move headquarters into Boston.»»Natixis Global Asset Management opens

More information

Landlords Getting Aggressive

Landlords Getting Aggressive Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2017 Landlords Getting Aggressive Ron Anderson Vice President of Administration South Carolina Key Takeaways > > Landlords

More information

Broward County Office Market Report Third Quarter 2018

Broward County Office Market Report Third Quarter 2018 Broward County Office Market Remains Steady Amid Rising Rental Rates Due to Job Growth and New Development Strong economic fundamentals continue to fuel Broward County's office market due to consistent

More information

101 E Washington Street, Ste 400 Greenville, SC Q 18. Market Report

101 E Washington Street, Ste 400 Greenville, SC Q 18. Market Report 101 E Washington Street, Ste 400 Greenville, SC 29601 2Q 18 Market Report GREENVILLE/SPARTANBURG 2Q18 OFFICE REPORT * MARKET SUMMARY The Greenville Spartanburg Office market remained fairly steady at the

More information

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

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

More information

Colliers International Indiana Region

Colliers International Indiana Region Colliers International Indiana Region FIRST QUARTER 2011 INDUSTRIAL MARKET REPORT Q1 2011 INDUSTRIAL COLLIERS INTERNATIONAL INDIANA REGION RESEARCH & FORECAST REPORT Flourishing Developments and Company

More information

SELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS. By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA. irr.

SELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS. By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA. irr. SELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA The Self Storage Story The self-storage sector has been enjoying solid

More information

Office Market Heats Up as Temperatures Cool

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

More information

MARKET INDICATORS Q Q TOTAL 2,909,848 IN DEALS

MARKET INDICATORS Q Q TOTAL 2,909,848 IN DEALS Research & Forecast Report DETROIT & ANN ARBOR OFFICE Q1 2017 OFFICE ENDS ON A STRONG NOTE Peter McGrath Metro Detroit s office market reported a strong first quarter, carrying over the previous quarter

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 VENTURA COUNTY INDUSTRIAL FOURTH QUARTER 217 QUICK STATS Direct Vacancy 2.1% Overall Vacancy 2.4% Lease Rate NNN $.7 Gross Absorption Under Construction MARKET TRENDS Current Quarter 1,332,957 SF 774,362

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

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

Charleston. Build It and They Will Come. Third Quarter 2018 Office

Charleston. Build It and They Will Come. Third Quarter 2018 Office Build It and They Will Come The office market continues to thrive but there are more changes on the horizon. is experiencing record high lease rates with vacancy consistently below 10% throughout all submarkets.

More information

Executive Park North - Office Park

Executive Park North - Office Park 400 to 8,300 SF Office Suites starting at $350/ month w/utilities & janitorial!! Full Service Lease Rates (See attached list) Flex Suites 1,200-8,300 SF For information contact: Larry Crumbley CCIM, SIOR,

More information

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

OFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS LOS ANGELES CENTAL/SOUTHEAST OFFICE THIRD QUARTER 218 QUICK STATS Direct Vacancy 14.7% Overall Vacancy 15.2% Lease Rate FSG $3.16 Gross Absorption Under Construction MARKET TRENDS Change from Last Quarter

More information

Cranes are Lifting Skylines and Future Vacancy

Cranes are Lifting Skylines and Future Vacancy MARKET REPORT NORTHERN VIRGINIA OFFICE Fourth Quarter 2016 Cranes are Lifting Skylines and Future Vacancy Northern Virginia continued to see increased demand in the fourth quarter, although 2016 numbers

More information

Suburban Boston Office MarketView

Suburban Boston Office MarketView Suburban Boston Office MarketView CBRE Global Research and Consulting U.S. UNEMPLOYMENT 6.7% MA UNEMPLOYMENT 7.1% OCCUPIED SF 92.9M AVAILABILITY 20.3% SUBLEASE SF 2.6M UNDER CONSTRUCTION 1.6M *Arrows indicate

More information

Q PHOENIX OFFICE REPORT

Q PHOENIX OFFICE REPORT Q2 2018 PHOENIX OFFICE REPORT MARKET FUNDAMENTALS ANNUAL COMPARISON Q2 2018 Q2 2017 VACANCY 16.47% VACANCY 16.93% RENTAL RATES $25.43 RENTAL RATES $24.76 SF UNDER CONSTRUCTION 2.76 M SF UNDER CONSTRUCTION

More information

CoStar Office Statistics. Y e a r - E n d McAllen/Edinburg/Pharr Office Market

CoStar Office Statistics. Y e a r - E n d McAllen/Edinburg/Pharr Office Market CoStar Office Statistics Y e a r - E n d 2 0 1 7 McAllen/Edinburg/Pharr Office Market Year-End 2017 McAllen/Edinburg/Pharr Table of Contents Table of Contents.................................................................

More information

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

OFFICE QUICK STATS SUMMARY & OUTLOOK MARKET TRENDS VACANCY & NET ABSORPTION ECONOMIC STATS LOS ANGELES SAN GABRIEL VALLEY OFFICE SECOND QUARTER 218 QUICK STATS Direct Vacancy 11.1% Overall Vacancy 11.4% Lease Rate FSG $2.32 Gross Absorption Under Construction MARKET TRENDS Current Quarter 345,68

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

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

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

More information

141,588 SQ. FT. INDUSTRIAL BUILDING AVAILABLE

141,588 SQ. FT. INDUSTRIAL BUILDING AVAILABLE INDUSTRIAL 141,588 SQ. FT. INDUSTRIAL BUILDING AVAILABLE FOR LEASE 6900 Nelson Rd., Fort Wayne, IN 46803 Situated on 4.96 acres Heavy industrial power Adequate parking and trailer parking 9 docks and 2

More information

Quarterly Market Report

Quarterly 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 information