Legal Industry: Bigger No Longer Better

Size: px
Start display at page:

Download "Legal Industry: Bigger No Longer Better"

Transcription

1 MARKET REPORT DISTRICT OF COLUMBIA OFFICE First Quarter 2017 Legal Industry: Bigger No Longer Better After a strong end to 2016, leasing activity in the beginning of 2017 started with a whimper. Just two leases were signed over 100,000 square feet in the first quarter. Among the top 10 deals, all but one relocation resulted in a reduction of space. The largest downsize came from Akin, Gump, Strauss, Hauer & Feld, LLP who will give back nearly 100,000 square feet upon moving to Alexander Court at 2001 K Street NW in early Despite the lack of growth amongst tenants looking for space in the market, construction remained at a fevered pace, the most since Just over 5.7 million square feet was under construction with just over half of the space already committed. With both the local and national economy in question as the new administration begins to implement its agenda, it remains to be seen whether the District can continue to resist rising vacancy. Economic Market Indicators Q Year-End Projection NET RENTAL During the first quarter of 2017, the District of Columbia s economy was estimated to have grown by 1.30 percent, and is on track to grow another 0.9 percent by the end of the year. This is lower than the projected growth for either Northern Virginia or Suburban Maryland, and it compares with 1.45 percent growth during As the District s economy continued to expand, the office-using sectors added 1,125 jobs. This put the office-using job growth on pace to add another 3,645 positions by year s end. This would be less than the 5,601 office-using jobs created in Unfortunately, the bulk of the new jobs created were in the public sector, specifically by the Federal Government. Since they are still trying to reduce their footprint, these jobs had minor positive impact on the office market. During the first quarter, 1,126 new jobs were created by the Federal Government. In contrast, the private, office-using sectors, contracted employment by 381 jobs. Only the professional and business services sectors of the economy expanded, adding 807 new jobs collectively. Payrolls in two of the most important sectors of the District s economy, as it relates to absorption, contracted during the first quarter. Legal service firms shed 492 jobs, and the advocacy sector shed 481 jobs. Private sector, officeusing jobs are expected to rebound over the remaining three quarters in 2017, adding about 3,645 new jobs. While both economic growth and, to a lesser extent, office-using employment growth point towards higher levels of absorption, there is still a lot of volatility in the economy. Demand growth in the District is dependent upon Congress s ability to pass legislation. Despite both houses of Congress and the White House controlled by one party, not much work has been accomplished on the Hill in Direct Asking Rental Rates $65 $60 $55 $50 $45 $40 $35 Class A Class B Class C

2 District of Columbia-Office Market Q TENANT ADDRESS LEASE TYPE SUBMARKET-CLASS LEASED SPACE Akin, Gump, Strauss, Hauer, & Feld LLP 2001 K Street, NW Relocation/Consolidation CBD - A 182,994 Urban Institute 500 L'Enfant Plaza, SW Relocation/Consolidation Southwest - A 121,000 Paul Hastings LLP 2050 M Street, NW Relocation/Consolidation CBD - A 97,000 GSA - Surface Transportation Board (STB) 395 E Street, SW Renewal Southwest - A 73,889 JLL 2020 K Street, NW Relocation/Consolidation CBD - A 70,651 Quinn, Emanuel, Urquhart & Sullivan LLP 1300 Eye Street, NW Relocation/Expansion East End - A 68,078 Hughes, Hubbard & Reed LLP 1775 Eye Street, NW Renewal/Expansion CBD - A 53,188 GSA - Social Security Administration (SSA) 250 E Street, SW Relocation/Consolidation Southwest - A 48,076 Motion Picture Association of America (MPAA) 1301 K Street, NW New East End - A 27,854 National Parks Conservation Association (NPCA) 777 6th Street, NW Renewal East End - A 27,742 Demand After strong demand growth for office space during the fourth quarter of 2016, net absorption at the start of 2017 did not build upon the previous quarter. During the first quarter, 47,269 square feet of space was returned to the market. The previous five quarters have shown little consistency, making it difficult to distinguish a trend. The downsizing of the Federal Government footprint, and the majority of tenants giving back space on new leases, produced yearly negative net absorption for three out of the past four years. This compares to the 2009 to 2012 timeframe when net absorption averaged 1.5 million square feet per year. The downsizing in leases signed this quarter does not bode well for future demand. Akin Gump, as stated before, is giving back close to 100,000 square feet and Paul Hastings is relinquishing almost 20,000 square feet. The midsized firms, however, showed signs of growth with both Quinn Emanuel and Hughes Hubbard expanding by roughly 14,000 and 19,000 square feet, respectively. Supply The redevelopment of the District continued to occur as nearly 800,000 square feet of new construction and renovations broke ground in the first quarter. Three buildings, totaling just under 240,000 square feet, delivered in the first quarter of This includes the newest trophy office building to the market located at 1000 F Street, NW in the East End submarket. It also holds the distinction of being the smallest trophy building in the District at 94,273 square feet. The building overlooks the infamous Ford s Theater and was designed by Shalom Baranes with the intent of not overshadowing the iconic landmark. For that reason, the top floors recede back. Another interesting architectural element was incorporating a variety of exterior building materials to integrate the project into the neighborhood. This differs from the more commonly used all glass facade in newer trophy projects. At the end of the first quarter of 2017, 5.7 million square feet was under development. This is nearly double what was under construction at the beginning of 2015 and constitutes the most construction activity in the market since the first quarter of 2009, when 6.5 million square feet was in development. A sizable portion currently under construction is set to deliver in the second half of Six buildings alone are expected to deliver just over 1.6 million square feet, with roughly half of the space committed. Vacancy Rates Despite minor negative net absorption in the first quarter of 2017, overall vacancy decreased by eight basis points due to 390,286 square feet that was demolished. The direct vacancy rate decreased by 20 basis points in the first quarter to 10.3 percent, while sublet vacancy rose by eight basis points to 0.8 percent. Positive absorption fueled a decrease in vacant Class A space, dropping it by 16 basis points to end the quarter at 12.2 percent, the lowest in five quarters. The combined Class B and C vacancy rate increased from 9.4 to 9.5 percent F Street, NW

3 Rental Rates During the first quarter of 2017, the direct average rental rate in the District increased by over a dollar to $54.22 per square foot. The largest increase occurred in Class A rental rates, which rose by $1.02 to $59.81 per square foot gross. The Class B rental rates was the only segment of the market to decrease in the first quarter, falling by 21 cents to end the quarter at $44.53 per square foot. Outlook Development activity will continue to have a major impact on the DC office market. A majority of the space under construction has already been leased. However, there will be a considerable amount of space that gets vacated when those tenants occupy these new projects. The commodity A market will be the hardest hit as the majority of tenants moving into new spaces will vacate this type of product. While the legal industry has seen significant downsizing, it has been largely in massive law firms, while mid-sized and smaller firms have increased their footprints. Both Akin Gump and Paul Hastings, examples of large law firms, downsized by 100,000 square feet and 20,000 square feet, respectively. In contrast, Quinn Emanual and Hughes Hubbard, both mid-sized law firms, increased their office space - a good example of this trend. Given the considerable number of legal tenants in this size range, market fundamentals are expected to tighten. District of Columbia Office Market Deliveries Q PROJECT DEVELOPMENT TYPE SUBMARKET CLASS DELIVERY DATE RENTAL BASE AREA % COMMITTED th Street, NW Renovation CBD - A Q , % 1000 F Street, NW Speculative East End - T Q , % 4049 S. Capitol Street, SW BTS Southeast - B Q , % District of Columbia Office Market Under Development Q PROJECT DEVELOPMENT TYPE SUBMARKET CLASS DELIVERY DATE RENTAL BASE AREA % COMMITTED 700 Pennsylvania Avenue, NW Speculative Capitol Hill - A Q ,920 SF 31.5% 2000 K Street, NW Speculative CBD - T Q ,199 SF 2.8% th Street, NW Renovation Uptown - B Q ,140 SF 0.0% The Wharf Building I Maine Avenue, SW Speculative Southwest - A Q ,450 SF 64.0% 1441 L Street, NW Renovation East End - A Q ,071 SF 0.0% th Street, NW Renovation CBD - B Q ,654 SF 53.2% 1800 Eye Street, NW BTS CBD - B Q ,690 SF 100.0% 2001 K Street, NW Redevelopment CBD - A Q ,417 SF 57.4% Capitol Crossing Massachusetts Avenue, NW Speculative Capitol Hill - A Q ,800 SF 0.0% 2112 Pennsylvania Avenue, NW Pre-Committed CBD - T Q ,000 SF 48.4% 99 M Street, SE Speculative Capitol Riverfront - A Q ,000 SF 8.3% Mount Vernon Place th Street, NW Pre-Committed East End - A Q ,000 SF 69.3% th Street, NW Speculative Condo Midtown Center - Fannie Mae th Street, NW CBD - B Q ,618 SF 8.7% Pre-Committed CBD - T Q ,721 SF 86.9% Square New York Avenue, NW Pre-Committed East End - T Q ,024 SF 83.8% Capitol Crossing Massachusetts Avenue, NW The Wharf Building II Maine Avenue, SW Speuclative Captitol Hill - A Q ,157 SF 0.0% Pre-Committed Southwest - T Q ,560 SF 35.6% YMCA Site Rhode Island Avenue, NW Redevelopment CBD - A Q ,850 SF 0.0% One M - 1 M Street, SE BTS Captitol Riverfront -A Q ,000 SF 100.0%

4 Summary Statistics Q Office Market All Classes Class A Class B & C Vacancy Rate 11.1% 12.2% 9.5% Change from Q (Basis Points) Absorption (Square Feet) New Construction (Square Feet) Under Construction (Million Square Feet) Asking Rates Per Square Foot Per Year , , , , , Direct Asking Rate $54.22 $59.81 $44.44 Q1 RENTAL S $59.81 CLASS A $44.44 CLASS B&C CLASS A CLASS B&C Change from Q $1.03 +$1.02 -$0.17 Demand/Supply Fundamentals % TOTAL OFFICE INVENTORY 143.2M SF (Sf In Millions) % 10% 9% Vacancy (%) 86.1M SF 57.1M SF TOTAL INVENTORY BY CLASS CLASS A: 60% CLASS B & C: 40% CLASS A: 63% CLASS B & C: 37% YtD % Absorption Supply Changes Overall Vacancy Rate

5 District of Columbia Office Market All Classes Q MARKET DISTRICT OF COLUMBIA EXISTING INVENTORY NEW SUPPLY YTD NEW SUPPLY UNDER YTD OVERALL DIRECT ASKING Capitol Hill 5,315, ,172,877-92,799-92, % $57.02 Capitol Riverfront 5,030, ,000 20,846 20, % $42.68 CBD 44,043, , ,338 1,858, , , % $56.90 East End 47,349,427 94,273 94,273 1,042, , , % $59.65 Georgetown 3,191, ,161-1, % $50.63 NoMa 10,980, ,550 13,690 13, % $51.89 Southwest 11,867, , , , % $46.08 West End 4,478, ,632 41, % $47.77 Uptown 10,926, ,140-24,001-24, % $42.00 DISTRICT OF COLUMBIA TOTAL 143,183, , ,611 5,713,611-47,269-47, % $54.22 District of Columbia Office Market Class A Q MARKET DISTRICT OF COLUMBIA EXISTING INVENTORY NEW SUPPLY YTD NEW SUPPLY UNDER YTD OVERALL DIRECT ASKING Capitol Hill 2,941, ,077-21,298-21, % $59.25 Capitol Riverfront 3,809, ,000 17,071 17, % $48.43 CBD 21,160, , ,338 1,814,631 44,094 44, % $64.45 East End 33,322,908 94,273 94,273 1,042, , , % $63.57 Georgetown 1,641, ,393 1, % $56.84 NoMa 9,001, ,550 13,690 13, % $52.89 Southwest 9,161, , , , % $46.81 West End 2,846, ,293 35, % $47.77 Uptown 2,193, ,177 16, % $45.87 DISTRICT OF COLUMBIA TOTAL 86,078, , ,611 5,116, , , % $59.81 District of Columbia Office Market Class B & C Q MARKET DISTRICT OF COLUMBIA EXISTING INVENTORY NEW SUPPLY YTD NEW SUPPLY UNDER YTD OVERALL DIRECT ASKING Capitol Hill 2,374, ,800-71,501-71, % $51.17 Capitol Riverfront 1,220, ,775 3, % $39.00 CBD 22,883, , , , % $48.27 East End 14,026, , , % $45.49 Georgetown 1,549, ,554-2, % $37.12 NoMa 1,979, % $29.58 Southwest 2,705, % $44.26 West End 1,632, ,339 6, % n/a Uptown 8,732, ,140-40,178-40, % $41.96 DISTRICT OF COLUMBIA TOTAL 57,105, , , , % $44.44

6 We are Global 447 offices in 68 countries on 6 continents FOR MORE INFORMATION: David Parker Regional Managing Director Robert Hartley Director of Research CONTRIBUTOR: Andrew Wellman Research Analyst $2.6 billion in annual revenue US* colliers.com/washingtondc 2.0 billion square feet under management 15,000 professionals and staff About Colliers International Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 15,000 professionals operating from 447 offices in 68 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals Global Outsourcing for 10 consecutive years, more than any other real estate services firm. For the latest news from Colliers International, visit Colliers.com or follow us on Twitter and LinkedIn. colliers.com Copyright 2017 Colliers International. The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

Caution: Vacancy Increases Ahead

Caution: Vacancy Increases Ahead MARKET REPORT DISTRICT OF COLUMBIA OFFICE Fourth Quarter 2016 Caution: Vacancy Increases Ahead Market Indicators Q4 2016 2017 (Projected) NET Despite year-to-date negative absorption, the Washington, DC

More information

Everything Old is New Again

Everything Old is New Again MARKET REPORT OFFICE Second Quarter 2016 Everything Old is New Again Market Indicators Q2 2016 2017 (Projected) While the global economy remains on its Jekyll and Hyde path, the District s commercial real

More information

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

Vacancy Increased Slightly During the First Quarter

Vacancy Increased Slightly During the First Quarter Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2016 Vacancy Increased Slightly During the First Quarter > Vacancy rates have been steadily declining since the fourth quarter of 2011.

More information

Federal Spending: The Road to Recovery

Federal Spending: The Road to Recovery MARKET REPORT NORTHERN VIRGINIA OFFICE First Quarter 2017 Federal Spending: The Road to Recovery As federal spending growth and the Northern Virginia economy generates new jobs, the office market continued

More information

SUBURBAN MARYLAND IN THIS ISSUE OFFICE Q RESEARCH MARKET REPORT. State of the Economy p.2. Leasing Activity p.3. Development Pipeline p.

SUBURBAN MARYLAND IN THIS ISSUE OFFICE Q RESEARCH MARKET REPORT. State of the Economy p.2. Leasing Activity p.3. Development Pipeline p. RESEARCH MARKET REPORT SUBURBAN MARYLAND 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 Two Massive Deals Highlight

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

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

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

VACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20

VACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20 Research & Forecast Report RENO OFFICE Q4 A Good Year Overall > Building sale prices are significantly higher than. > Seven buildings over 40,000 sf sold in, more than in previous years. > Many large office

More information

Low Vacancy Stimulates New Developments

Low Vacancy Stimulates New Developments Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2015 Low Vacancy Stimulates New Developments > > Multifamily vacancy dipped below 5 percent in the third quarter of 2015 ELECTRIC Meter Hookups NEW HOME

More information

Quick Absorption of Newly Constructed Office Buildings

Quick Absorption of Newly Constructed Office Buildings Research & Forecast Report CHARLESTON, SC OFFICE Q3 2016 Quick Absorption of Newly Constructed Office Buildings Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> The Interstate 526

More information

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

Soft Land Market in 2017

Soft Land Market in 2017 Research & Forecast Report LAND Q4 217 Soft Land Market in 217 > > Land sales in 217 fell behind 216 > > A lack of large sales at Apex brought the average price per square foot up > > Strong development

More information

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

Land Sales Lighter in Third Quarter

Land Sales Lighter in Third Quarter Research & Forecast Report LAND Q3 216 Land Sales Lighter in Third Quarter > > While land sales are up in 216 overall, they decreased in the third quarter Economic Indicators > > Apex continues to dominate

More information

+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

MARKET REPORT THIRD QUARTER Third Quarter Leasing Thrives Amidst Tepid Tenant Growth Q DISTRICT OF COLUMBIA OFFICE MARKET SUMMARY

MARKET REPORT THIRD QUARTER Third Quarter Leasing Thrives Amidst Tepid Tenant Growth Q DISTRICT OF COLUMBIA OFFICE MARKET SUMMARY Q3 2014 DISTRICT OF COLUMBIA OFFICE DISTRICT MARKET REPORT OF COLUMBIA Q3 2014 OFFICE DISTRICT OF COLUMBIA OFFICE MARKET REPORT THIRD QUARTER 2014 Third Quarter Leasing Thrives Amidst Tepid Tenant Growth

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

MANHATTAN OFFICE 2017

MANHATTAN OFFICE 2017 Research Report MANHATTAN OFFICE 2017 Accelerating success. % $ ± Market Indicators Full Year 2016 Full Year 2017 Y-O-Y Change AVAILABILITY RATE 10.3% 10.0% -0.3pp AVERAGE ASKING RENT ($/SF/YR) $73.24

More information

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

Shrinking Supply Continues To Push Rates

Shrinking Supply Continues To Push Rates Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2017 Shrinking Supply Continues To Push Rates > Office inventory: 8,221,819 > Vacancy: 10.5 percent > Net absorption: 49,103 year-to-date

More information

MARKET REPORT FIRST QUARTER Positive Absorption and Weak Leasing the Story of the First Quarter Q SUBURBAN MARYLAND OFFICE MARKET SUMMARY

MARKET REPORT FIRST QUARTER Positive Absorption and Weak Leasing the Story of the First Quarter Q SUBURBAN MARYLAND OFFICE MARKET SUMMARY Q1 2015 SUBURBAN MARYLAND OFFICE SUBURBAN MARKET REPORT MARYLAND Q1 2015 OFFICE SUBURBAN MARYLAND OFFICE MARKET REPORT FIRST QUARTER 2015 Positive Absorption and Weak Leasing the Story of the First Quarter

More information

Red Hot Rents & Cooling Vacancy

Red Hot Rents & Cooling Vacancy Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2017 Red Hot Rents & Cooling Vacancy > > Office Inventory: 16,926,446 Square Feet > > Vacancy: 12.9 percent > > Net absorption: (380,946) Square

More information

Washington, D.C. Quarterly Market Report. 2nd Quarter lpcwashingtondc.com

Washington, D.C. Quarterly Market Report. 2nd Quarter lpcwashingtondc.com Washington, D.C. Quarterly Market Report Table of Contents Washington, D.C. Leasing & Market Research Metropolitan D.C. Market Overview...3 Washington, D.C. Quarterly Overview...5 Washington D.C. Top Sales...

More information

Washington, D.C. Quarterly Market Report. 1st Quarter lpcwashingtondc.com

Washington, D.C. Quarterly Market Report. 1st Quarter lpcwashingtondc.com Washington, D.C. Quarterly Market Report 1st Quarter 1 Table of Contents Washington, D.C. Leasing & Market Research Metropolitan D.C. Market Overview...3 Washington, D.C. Quarterly Overview...5 Washington

More information

Suburban Maryland Lagging Recovery

Suburban Maryland Lagging Recovery Research & Forecast Report Suburban Maryland Office Market Fourth Quarter 2015 Suburban Maryland Lagging Recovery Andrew Wellman Research Analyst Suburban Maryland Despite strengthening market fundamentals,

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

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

Investor Activity Spurs New Opportunities

Investor Activity Spurs New Opportunities Research & Forecast Report GREENVILLE ANDERSON SOUTH CAROLINA OFFICE Q1 017 Investor Activity Spurs New Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Activity from

More information

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

Washington, D.C. Quarterly Market Report. 4th Quarter lpcwashingtondc.com

Washington, D.C. Quarterly Market Report. 4th Quarter lpcwashingtondc.com Washington, D.C. Quarterly Market Report th Quarter 17 Table of Contents Washington, D.C. Leasing & Market Research Metropolitan D.C. Market Overview...3 Washington, D.C. Quarterly Overview...5 Washington

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

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

Greenville defies the nationwide trend of retail closures

Greenville defies the nationwide trend of retail closures Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q3 2017 Greenville defies the nationwide trend of retail closures Crystal Baker Research Coordinator South Carolina Key Takeaways >

More information

2018: A Ground Breaking Year

2018: A Ground Breaking Year Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q4 2017 2018: A Ground Breaking Year > Office inventory: 8,527,819 > Vacancy: 10.6 percent > Net absorption: 310,934 year-to-date The Northern

More information

Has The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.

Has The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2. Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross

More information

Weighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Weighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2018 Weighing Options > > Office Inventory: 16,966,736 square feet > > Vacancy: 15 percent > > Net absorption: (35,823) square feet, year to date

More information

Surging Rents Carry the North I-680 Corridor

Surging Rents Carry the North I-680 Corridor Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2018 Surging Rents Carry the North I-680 Corridor > > Office Inventory: 16,967,009 Square Feet > > Vacancy: 15.4 percent > > Net absorption: (103,748)

More information

Market Demands More Investment Product

Market 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 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

Strengthening Market Fuels Investment Opportunities

Strengthening Market Fuels Investment Opportunities Research & Forecast Report GREENVILLE, SC OFFICE Q3 2016 Strengthening Market Fuels Investment Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> Investment sale opportunities

More information

RALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report.

RALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report. Research & Forecast Report RALEIGH- MULTIFAMILY MIDYEAR 2015 Demand at an All-Time High, Skyrocketing Same-Unit Rents Market Indicators Relative to prior period VACANCY Raleigh-Durham JAN 2015 Raleigh-Durham

More information

Vacancy Edges Lower in Fourth Quarter

Vacancy Edges Lower in Fourth Quarter Research & Forecast Report FAIRFIELD OFFICE Q4 Vacancy Edges Lower in Fourth Quarter > > Office Inventory: 5,067,112 > > Current Vacancy: 14.2% > > Net Absorption: 63,610 The vacancy rate for office space

More information

Office Leasing Activity Hits a Road Bump In Omaha and Nationally

Office Leasing Activity Hits a Road Bump In Omaha and Nationally Research & Forecast Report OMAHA OFFICE Fourth Quarter 2017 Office Leasing Activity Hits a Road Bump In Omaha and Nationally In the fourth quarter of 2017, the Omaha office market experienced negative

More information

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

The Industrial Market Cooled Off in Q1

The Industrial Market Cooled Off in Q1 Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed

More information

Switching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Switching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2017 Switching Gears > > Office Inventory: 16,926,446 square feet > > Vacancy: 14 percent > > Net absorption: (562,879) square feet, year to date

More information

Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3. Introduction. Research Wisconsin. Market Indicators

Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3. Introduction. Research Wisconsin. Market Indicators Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3 Research Wisconsin Introduction NORTHWEST With one of the biggest investments made by a foreign company to the United States, Q3 started

More information

RESEARCH MARKET REPORT NORTHERN VIRGINIA OFFICE Q IN THIS ISSUE. State of the Economy. Leasing Activity. Development Pipeline.

RESEARCH MARKET REPORT NORTHERN VIRGINIA OFFICE Q IN THIS ISSUE. State of the Economy. Leasing Activity. Development Pipeline. RESEARCH MARKET REPORT NORTHERN VIRGINIA OFFICE IN THIS ISSUE State of the Economy p.2 Leasing Activity p.3 Development Pipeline p.4 Market Breakdown p.5 Northern Virginia in Recovery... For Now Recovery

More information

Multifamily Stable and Expanding

Multifamily Stable and Expanding Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2017 Multifamily Stable and Expanding > > Multifamily vacancy decreased to 3.0 percent in the second quarter of 2017 Economic Indicators > > No new projects

More information

Office Market Remained Steady in Q4

Office Market Remained Steady in Q4 Research & Forecast Report Long Island OFFICE MARKET Q4 2015 Office Market Remained Steady in Q4 Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Continuing the momentum, the Long

More information

2018: The Year of Office Sales

2018: The Year of Office Sales Research & Forecast Report RENO OFFICE Q4 2018 2018: The Year of Office Sales >> Multiple significant office sales over 10,000 square feet >> Large blocks of space returned to the market increasing vacancy

More information

Holding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Holding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q2 2018 Holding Steady > > Office Inventory: 16,998,288 Square Feet > > Vacancy: 14.5 percent > > Net absorption: 25,027 square feet year-to-date

More information

>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report

>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report Research & Forecast Report CHICAGO BIG BOX First Quarter 018 Big Box Vacancy Decreases for First Time in Two Years Craig Hurvitz Vice President Chicago The vacancy rate for the Chicago market s big box

More information

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

Leasing Activity Ticked Up with A Large Upswing of Absorption

Leasing Activity Ticked Up with A Large Upswing of Absorption Research & Forecast Report LONG ISLAND INDUSTRIAL MARKET Leasing Activity Ticked Up with A Large Upswing of Absorption Rose Liu Director of Finance & Research Long Island Takeaways > > The outlook of the

More information

New and improved approach to retail

New and improved approach to retail Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q4 2017 New and improved approach to retail Crystal Baker Research Coordinator South Carolina Key Takeaways > > Rents remain stable

More information

Greenville is a tenant s market

Greenville is a tenant s market Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2018 Greenville is a tenant s market Crystal Baker Research Coordinator South Carolina Key Takeaways > > Large blocks

More information

Gaining Traction Gradually in 2018

Gaining Traction Gradually in 2018 Research & Forecast Report RENO OFFICE Q1 2018 Gaining Traction Gradually in 2018 >> Overall vacancy increased slightly to 12.3% >> Negative net absorption of 13,792 square feet >> Rental rates remained

More 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

Testing the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST

Testing the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST Research & Forecast Report ST. LOUIS OFFICE Second Quarter 2017 Testing the Waters In the second quarter 2017, an increasing number of Class A office property owners have begun testing the waters and placing

More information

RALEIGH-DURHAM OFFICE Q1 2017

RALEIGH-DURHAM OFFICE Q1 2017 Research & Forecast Report RALEIGH-DURHAM OFFICE Q1 2017 Office Market Remains Stable During First Quarter 2017; Class A Market Continues to Peak Emily Bostic Research Analyst Raleigh-Durham Market Indicators

More information

Nashville the #5 Market to Watch in 2019

Nashville the #5 Market to Watch in 2019 Research & Forecast Report NASHVILLE INDUSTRIAL 4 th Quarter Nashville the #5 Market to Watch in 2019 Industrial Market The industrial real estate sector is currently undergoing one of the greatest expansionary

More information

Oh Midsize Spaces, Where Art Thou?

Oh Midsize Spaces, Where Art Thou? Research & Forecast Report RENO INDUSTRIAL Q1 2018 Oh Midsize Spaces, Where Art Thou? > > Vacancy decreased to 5.38% > > 919,515 square feet of Gross Absorption > > Industrial land is becoming the next

More information

Vacancy Rates Hit All-Time Low in Northern Nevada

Vacancy Rates Hit All-Time Low in Northern Nevada Research & Forecast Report RENO INDUSTRIAL Q3 2018 Vacancy Rates Hit All-Time Low in Northern Nevada > > Vacancy is at an all-time low for the market at 4.86% > > A strong quarter for gross and net absorption

More information

The Rise of the Gold Coast

The Rise of the Gold Coast Research & Forecast Report Long Island OFFICE MARKET Q1 2015 The Rise of the Gold Coast Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B In the first quarter of 2015, Long Island

More information

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

Changing of the Guard

Changing of the Guard Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q1 2018 Changing of the Guard > > Office Inventory: 16,931,340 square feet > > Vacancy: 14.5 percent > > Net absorption: (88,606) square feet year-to-date

More information

LUTON Investor Information

LUTON Investor Information LUTON Investor Information LUTON Investor Information LUTON OVERVIEW Credited as one of the country s top five most affordable towns and one of the fastest growing areas for business and regenerative growth,

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

RALEIGH-DURHAM MULTIFAMILY Year End 2017

RALEIGH-DURHAM MULTIFAMILY Year End 2017 Research Report -DURHAM MULTIFAMILY Year End 2017 Multifamily Growth Expected to Continue in 2018, Despite a Moderate Decrease in Permitting Totals Emily Bostic Research Analyst Raleigh-Durham Key Takeaways

More information

Sharper fall in office rents and capital values

Sharper fall in office rents and capital values Research & Forecast Report SINGAPORE OFFICE Q1 2016 Sharper fall in office rents and capital values Joanna Chen Manager, Research and Advisory The office market faces a critical juncture in the next few

More information

A tight Columbia market may lead to office transformation

A tight Columbia market may lead to office transformation Research & Forecast Report COLUMBIA, SC OFFICE Q3 2018 A tight Columbia market may lead to office transformation Crystal Baker Research Coordinator South Carolina Key Takeaways > > The Columbia office

More information

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

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

Mixed-Use Dominates Downtown Development

Mixed-Use Dominates Downtown Development Research & Forecast Report GREENVILLE, SC OFFICE Q4 2016 Mixed-Use Dominates Downtown Development Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Mixed-use development has succeeded

More information

New Construction Offers Hope to Larger Users

New Construction Offers Hope to Larger Users Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 2017 New Construction Offers Hope to Larger Users > Vacancy rates in the Tri-Valley industrial market are now down to a record 0.9 percent

More information

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

With Low Vacancy, What Is Next?

With Low Vacancy, What Is Next? Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 With Low Vacancy, What Is Next? > Vacancy rates continue to fall, reporting 5.4 percent for the third quarter. > Asking rates climb to $0.72

More information

Quiet Start to Second Half of 2017

Quiet Start to Second Half of 2017 Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Quiet Start to Second Half of > The vacancy rate for the Tri-Valley continued its downward slope closing the quarter at 10.0 percent > Weighted

More information

Third Quarter: Market Softens as Election Approaches

Third Quarter: Market Softens as Election Approaches Q3 2012 OFFICE WSHINGTON, DC WSHINGTON, DC MRKET REPORT Third Quarter: Market Softens as Election pproaches MRKET OVERVIEW The District registered negative net absorption for the third quarter of 2012,

More information

Strong year continues with high-profile leasing; rents remain flat as new and returning space looms 10.0% 5.0%

Strong year continues with high-profile leasing; rents remain flat as new and returning space looms 10.0% 5.0% $ PSF Office May 2017 New York Monthly Market Update Strong year continues with high-profile leasing; rents remain flat as new and returning space looms Manhattan Class A asking rents Manhattan Class A

More information

Disappearing Vacancy PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report. Market Indicators - Tri-Valley 77.

Disappearing Vacancy PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report. Market Indicators - Tri-Valley 77. Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Disappearing Vacancy > The office market vacancy continued its downward trend to 9.3 percent > Overall market weighted average asking rents held

More information

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

RALEIGH-DURHAM OFFICE

RALEIGH-DURHAM OFFICE Research Report RALEIGH-DURHAM OFFICE Q2 2018 Accelerate Success Triangle Continues to Grow, Future Office Deliveries Expected to Drive Leasing Activity Kelsey Rogers Research Analyst Raleigh- Key Takeaways

More information

Market Report. Washington, DC 1st Quarter cushmanwakefield.com

Market Report. Washington, DC 1st Quarter cushmanwakefield.com Market Report Washington, DC 1st Quarter 2017 cushmanwakefield.com Contents DC Metropolitan Area Overview...3 Washington, DC & Map...4-6 Core (CBD/East End)...7-8 Non-Core...9 West End/Georgetown...10

More information

Sleepy Close to 2017 PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators

Sleepy Close to 2017 PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q4 Sleepy Close to > Tri-Valley vacancy reported 10.4 percent, up slightly from the previous quarter > Weighted average asking rents remained flat

More information

Signs of Recovery Ahead

Signs of Recovery Ahead Research & Forecast Report Northern Virginia Office Market Fourth Quarter 2015 Signs of Recovery Ahead Audrey Hinkle Research Analyst Northern Virginia In recent years, fiscal uncertainty has created softness

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

Mar ket Glance. AT A AT Market Glance

Mar ket Glance. AT A AT Market Glance AT A AT Market Glance HOUSTON WASHINGTON, OFFICE D.C. MARKET OFFICE MARKET REPORT REPORT THIRD FOURTH QUARTER 213 214 PROPERTY PROPERTY SERVICES SERVICES DEVELOPMENT DEVELOPMENT INVESTMENT INVESTMENT Q4

More information

RALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report.

RALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report. Research & Forecast Report RALEIGHDURHAM MULTIFAMILY MidYear 2018 Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand Ed Finley Research Analyst RaleighDurham Market Indicators Relative

More information

The Woodlands office submarket snapshot

The Woodlands office submarket snapshot Gosling Rd. Research Snapshot THE WOODLANDS OFFICE Q2 218 office submarket snapshot Lisa Bridges Director of Market Research Houston Once again, office submarket performed well over the quarter, posting

More information

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

Continued Malaise PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators

Continued Malaise PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE 2018 Continued Malaise > A slight uptick in vacancy to 10.9 percent proved a relatively flat quarter > Weighted average asking rents increased slightly

More information

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

Rents and Sales Prices on the Rise to Start 2018

Rents and Sales Prices on the Rise to Start 2018 Research & Forecast Report GREATER PHOENIX MULTIFAMILY 2 and Sales Prices on the Rise to Start 2 Key Takeaways > > The Greater Phoenix multifamily market got off to a hot start to 2. continues to retreat

More information

Significant Sales Mark the End of 2018

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

More information

Opportunities Continue to Elude Users

Opportunities Continue to Elude Users Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL 2018 Opportunities Continue to Elude Users > Tri-Valley industrial market vacancy inched upward to 1.5 percent > The weighted average asking

More information

YEAR IN REVIEW DOWNTOWNDC HELPS THE DISTRICT MAINTAIN ITS 24% SHARE OF REGIONAL EMPLOYMENT CENTER OF DC AND REGIONAL ECONOMY

YEAR IN REVIEW DOWNTOWNDC HELPS THE DISTRICT MAINTAIN ITS 24% SHARE OF REGIONAL EMPLOYMENT CENTER OF DC AND REGIONAL ECONOMY 05 S TAT E O F D O W N T O W N 2 0 1 7 Y E A R IN R E V IE W YEAR IN REVIEW CENTER OF DC AND REGIONAL ECONOMY DowntownDC in 20 continued to be a premier regional employment, visitor and cultural and entertainment

More information