2Q 17. Office Market Report
|
|
- Rodger Wilkerson
- 6 years ago
- Views:
Transcription
1 2Q 17 Office Market Report
2 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. Significant in-migration of skilled labor lured by the City s growing positive reputation, and the expansion of many local firms, creates the perfect storm for a booming market. Cap Berri, CPM, RPA, CCIM Vice President, Chief Operating Office, Principal Broker NAI Elliott The Portland market remained stable in the second quarter, but is seeing limited growth. Vacancy rates dipped slightly, but rental rates and sales volume are down to some extent. Vacancy rates went down slightly, ending the quarter at 7.2%. This can be compared to 7.4% vacancy at the end of the first quarter. The market is near record low for office vacancies. Net absorption remained positive at 188,736 square feet, this can be compared to last quarter s negative 45,754 square feet. Construction deliveries were down over the quarter. One building totaling 9,000 square feet was delivered to the market during the quarter in comparison to three buildings totaling 82,188 square feet in the first quarter. Despite the limited new inventory this quarter, there were 3,489,155 square feet of space under construction at the end of the quarter, so subsequent quarters are expected to see a higher number of deliveries. Overall, the metro Portland office market continues to be strong. Demand is growing and with the significant new product under construction, investors are obviously confident new space will be leased in the coming months.
3 Trends at a Glance ABSORPTION VACANCY UNDER CONSTRUCTION SALE PRICES NEW CONSTRUCTION RENTAL RATES Historical Absorption and Deliveries
4 Submarket Statistics SUBMARKET STATISTICS SUBMARKET # BLDGS. TOTAL RBA TOTAL TOTAL QUOTED UNDER VACANT SF AVAILABLE (%) RATE ($/SF/YR) CONSTRUCTION (SF) ,295,058 2,568, % $ ,051 Clark County ,021, , % $ ,700 I-5 Corridor ,097,455 1,082, % $ ,000 Lloyd District 222 5,285, , % $ ,261 Northeast 985 9,603, , % $ ,300 Northwest 218 3,518, , % $ ,056 Skamania County 4 23,664 2, % $ Southeast 949 8,745, , % $ ,089 Southwest ,167,505 1,039, % $ ,698 Westside ,018, , % $ ,299,000 Total 5,333 99,775,255 7,204, % $ ,489,155 The Portland office market is continuing to grow. Rental rates are down very slightly, but this is not cause for concern for investors. At the same time, the vacancy rates in the market dipped a bit, especially in the. Pioneer Place s WeWork office space opened during the second quarter. More and more, office users are looking for creative and flexible solutions to match their office demands. The changing demand in office type presents major opportunities for developers to offer new and unique product types. Outside of the, close-in submarkets continue to grow in popularity for office users. The biggest office lease in the 2nd quarter was Autodesk s 108,750 square foot lease of the Towne Storage building. The lease of the entire Towne Storage building underscores the ongoing popularity of Central Eastside Industrial District s creative office inventory, a trend started by buildings like Olympic Mills Commerce Center. The creative office market continues to be competitive, especially in centrally located buildings like Olympic Mills Commerce Center. Jamie Nelson, CLS Senior Commercial Real Estate Broker NAI Elliott
5 New to the Market and New Construction NEW TO THE MARKET NAME RBA SUBMARKET OCCUPANCY DELIVERY DATE The Dairy Building 46,503 Southeast 28% 1Q17 Marson Ehrman Annex 27,525 63% 1Q NE MLK Blvd 9,000 Northeast 2Q17 NEW CONSTRUCTION NAME # Buildings Total GLA PRELEASED DELIVERY DATE North Expansion Bldg B 887,000 Westside 2Q18 North Expansion Bldg A 412,000 Westside Block 29 Center for Health and Healing 360,000 Southwest 1Q18 Knight Cancer Institute Research Bldg 332,000 Southwest 2Q19 9North 202,168 0% 2Q18 Broadway Tower - Office 175,689 8% 2Q18 Field Office - West 165,653 Northwest 10% 1Q18 Field Office - East 133,403 Northwest 5% 1Q18 The Leland James 118,000 Northwest 6% Towne Storage 108,750 Lloyd District Under Amrour Inc 70,000 Southwest Heartline Building 70,702 1% 4Q SW Morrison St 62,381 12% The Fair-Haired Dumbbell 56,000 Lloyd Disrict 17%
6 Major Sales TOP SALES NAME TOTAL SF. PRICE PRICE/SF CAP DATE SOLD Pacwest Center 545,522 $170,000,000 $ /21/2016 Pioneer Tower 296,329 $121,750,000 $ % 6/30/2016 Park Square Campus 295,789 $94,350,000 $ % 10/31/2016 Umpqua Bank Plaza 276,676 $90,000,000 $ % 1/9/2017 Congress Center 384,951 $85,125,000 $ % 1/6/2017 Commonwealth Building 219,742 $69,000,000 $ % 6/30/2016 Mohawk Corporate Center 342,004 $44,250,000 $129,38-4/14/ SW Broadway St 176,000 $95,000,000 $539,77 5% 4/27/2017 Twin Oaks Technology Center 166,000 $17,150,000 $ /30/2016 Seven office sales occurred during the second quarter for a total of 400,383 square feet. This is down in comparison to the 958,586 square foot sold in the previous corner. This downturn can be attributed to a softer market and a limited office inventory for sale. At the same time, the price per square foot in Portland is up over last year and prices continue to beat the national average, which are clear indicators of a healthy office market. Development continues to be widespread throughout Portland and there is construction across all its submarkets. Notably, the majority of space that is set to be delivered in the third quarter has already been pre-leased. This demonstrates that there is continued need for new office space and demand for further development. Sales in the market are tightening. With limited inventory, sales are few and far between. At the same time, the average sales price is rising steadily. Chris Lio Commercial Real Estate Broker NAI Elliott
7 Local Employment and Economy Oregon vs. U.S. Unemployment Perecent Unemployed Month Unemployment rates continue to be very low across the Portland market and nationally. At the end of June, unemployment rates in the Portland market were at 3.7%. This is up very slightly from last month s 3.6%, but down over both the year and the quarter. This is a reflection of Portland s continually strong economy. Given the record low rates, employment rates are not expected to drop much farther in the near future. At the same time, the Consumer Price Index (CPI) in the Portland area rose 4.4% over the past year. Over the first half of the year alone, the CPI has risen 2.5%. This can be attributed to Portland s continued popularity, which has contributed to higher prices on staple goods for consumers. Oregon s economy is hitting the sweet spot, which only happens at or near full employment. State of Oregon, Oregon Economic Revenue and Forecast
8 NAI Elliott s First Quarter ,544 4,601,180 OPEN Total Transactions Completed Square Feet Leased, Sold, and Financed Square Feet Managed The first half of 2017 has been strong. The company has closed 93 transaction with several more initiated during the second quarter that are near closing. This number is on-track with last year s number and is expected to take off in the next quarter. Specific highlights from the quarter included joining the Professional Retail Store Maintenance Associate (PRSM) and being awarded the management contract for the Fountain Village, a 161-unit apartment complex in Vancouver, WA. Momentum is building across all departments and we are excited to bring new opportunities to our clients, tenants, and employees in the coming months. We are excited to add multifamily management to our services and particularly look forward to assisting mixed-use clients with our expertise in both commercial and residential areas. Jordan Elliott VP, NAI Coordinator NAI Elliott
9
OFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS ALEC LAWRENCE Portland State University The Portland Metro economy continues to perform strongly, with 3.2 percent job growth over the last 12 months spread over a diverse group
More information2Q 17. Long Island Market Report
2Q 17 Long Island Market Report Long Island Office 2Q 217 Long Island 2Q17 Office Office Report The Long Island Office market ended the second quarter 217 with a vacancy rate of 7.2%. The vacancy rate
More informationCoStar 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 informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS ALEC LAWRENCE Portland State University The fourth quarter finds the Portland office market nearing a sweet spot for developers. Strong absorption, decreasing vacancy, and increasing
More information1Q 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 informationRETAIL MARKET ANALYSIS
RETAIL MARKET ANALYSIS Portland State University Despite the doom and gloom warnings of a retail apocalypse, the national story for retail is that things are stable. Nationwide vacancy is at 5.2 percent
More information2Q 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 informationCoStar 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 informationOFFICE 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+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 informationKEY TOWER SALE highlights start of 2017
KEY TOWER SALE highlights start of 2017 Demand for office space in the Greater Cleveland office market remained strong as 2016 wound down and transitioned into the first quarter of 2017. After netting
More informationStronger Office Market Looking Into Future
Research & Forecast Report Long Island OFFICE MARKET Q2 2015 Stronger Office Market Looking Into Future Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Long Island economic and
More information3 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 informationIndianapolis 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 informationFirst 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 informationMetropolitan 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 informationHomestretch: 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 informationMULTIFAMILY MARKET ANALYSIS
MULTIFAMILY MARKET ANALYSIS MARC STRABIC Portland State University So as we roll through the summer here in the Northwest, now is a good time to take stock of the multi-family market, the progress made
More informationStrong Absorption Drives Down Vacancy to Start 2017
Research & Forecast Report GREATER PHOENIX INDUSTRIAL 2017 Strong Absorption Drives Down to Start 2017 Key Takeaways >> Industrial vacancy in Greater Phoenix dipped below 10 percent in the first quarter,
More informationMonthly Market Snapshot
SEPTEMBER 2018 Vacancy continues to fall. Nearing the end of the third quarter, the vacancy rate dropped 10 basis points to 6.4%, compared to this time last month at 6.5%. Occupancy of the 1.1 million
More informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS KYLE BROWN RMLS Fellow, Master of Real Estate Development Candidate Amid some encouraging signs nationally, the Portland office market has maintained its stability, with the CBD
More information3 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 informationRaleigh-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 informationVacancy Inches Higher, Despite Continued Absorption
Research & Forecast Report GREATER PHOENIX OFFICE 1Q 2017 Vacancy Inches Higher, Despite Continued Absorption Key Takeaways > > Improving conditions in the Greater Phoenix office market took a pause in
More information2.8% 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 informationUpstate, 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 information3 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 informationIndustrial 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 information101 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 informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationThe 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 informationQuarterly Market Report
OCTOBER EXECUTIVE SUMMARY San Antonio office market hits record high for rents Full-service asking rents rose by $.11 per sq. ft. quarter-over-quarter to close at $22. an all-time high with an increase
More informationWashington 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 informationStrong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016
Research & Forecast Report NASHVILLE INDUSTRIAL 2nd Quarter 2016 Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 2Q 2016 Summary > > The tightening market coupled with
More informationUpstate, SC 1Q16. Industrial Market Report. Industrial. Upstate Economy in 1Q16* Industrial Sector in 1Q16. Trends for 1Q16
Market Report The industrial market for the Upstate of South Carolina saw continued growth for the first quarter of 2016. While there was a positive net absorption of 1,024,708/SF, the Upstate industrial
More informationIndustrial 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 informationPicked Over. ALBUQUERQUE, NM Q Industrial. Research & Forecast Report. Key Takeaways. Market Indicators Relative to prior period
Research & Forecast Report ALBUQUERQUE, NM Q4 20 Industrial Picked Over Key Takeaways > > Owner user acquisitions strong > > Supply tightens > > New construction projects gaining more momentum The appetite
More informationMetro Phoenix Retail, Office & Industrial Recovery
Metro Phoenix Retail, Office & Industrial Recovery By Gary Ringel, CGREA, Director (480) 483-1170 ~ GaryR@hhcpa.com Statistics Indicate Decreased Vacancy Rates, Increased Lease Rates & Positive Absorption
More informationMAR KET GLANCE SAN DIEGO OFFICE MARKET REPORT PROPERTY SERVICES DEVELOPMENT INVESTMENT FOURTH QUARTER 2015 PROPERTY SERVICES DEVELOPMENT INVESTMENT
AT A SAN DIEGO OFFICE MARKET REPORT FOURTH QUARTER 215 AT A NEW SUPPLY PUSHES VACANCY RATES HIGHER San Diego s regional economy has been buzzing and added a net total of 37,8 jobs in the 12 months ending
More informationIndustrial Market Closes 2017 on an Upswing
Research & Forecast Report GREATER PHOENIX INDUSTRIAL Industrial Market Closes on an Upswing Key Takeaways > > The Greater Phoenix industrial market finished off a year of robust tenant demand with a strong
More informationIndustrial 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 informationOffice 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 informationOffice 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 informationMULTIFAMILY MARKET ANALYSIS
MULTIFAMILY MARKET ANALYSIS CLANCY TERRY RMLS Student Fellow Master of Real Estate Development Candidate At the national level, annual effective rent growth in the multifamily sector has displayed some
More informationOklahoma City Office Market Leasing. Construction, Delivery, Net Absorption and Vacancy Rate. Oklahoma City Office Market Sales
03 04 04 04 05 06 07 07 09 10 12 Executive Summary National Economy Local Economy Oklahoma City Office Market Leasing Net Absorption and Inventory Rental and Vacancy Rates OKC Office Market Information
More informationMiami-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 informationOffice 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 informationHOULIHAN LAWRENCE COMMERCIAL GROUP
HOULIHAN LAWRENCE COMMERCIAL GROUP TH QUARTER EXECUTIVE SUMMARY FOURTH QUARTER Dear Clients, With behind us and the new year in full swing, we can now reflect, summarize and gain insight from the past
More informationNo Where To Grow. ALBUQUERQUE, NM Q Retail. Research & Forecast Report. Key Takeaways. Market Indicators Relative to prior period
Research & Forecast Report ALBUQUERQUE, NM Q2 20 Retail No Where To Grow Key Takeaways > > Supply of anchor spaces becoming scarce > > Renovations help to alleviate lack of new projects > > New projects
More informationResearch 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 informationLeasing 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 informationRALEIGH-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>> South Bay Market Hits 9-Year High in Demand
Research & Forecast Report South Bay OFFICE Q3 2016 Accelerating success. >> South Bay Market Hits 9-Year High in Demand Key Takeaways > The El Segundo/Beach Cities submarket once again led the South Bay
More informationStrong 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 informationSecond Quarter Retail Market Report 2017
Second Quarter Retail Market Report 2017 03 04 04 04 04 05 06 07 08 10 Executive Summary National Economy Local Economy Oklahoma City Retail Market Leasing Net Absorption and Inventory Rental and Vacancy
More informationVacancy 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 informationLas 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 informationGaining 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 informationMARKET SUMMARY MICHIGAN, METRO DETROIT AREA SECOND QUARTER 2016 P LAN T E M OR AN CRES A. pmcresa.com
SECOND 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 information17th 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 informationThe 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 informationIndianapolis 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 informationMarket 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 informationVACANCY 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 information2016 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 informationSecond 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 informationINDUSTRIAL 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 informationEconomic Overview DENVER INDUSTRIAL/FLEX MARKET MONITOR FIRST QUARTER Denver s industrial flex market vibrant during the first quarter.
Economic Overview DENVER INDUSTRIAL/FLEX MARKET MONITOR FIRST QUARTER 2015 Denver s industrial flex market vibrant during the first quarter. The Denver industrial market has record high asking rental rates,
More informationMarket Research. Market Indicators
colliers international LAS VEGAS, NV Market Research OFFICE Third Quarter 2009 Market Indicators Net Absorption Construction Rental Rate Q3-09 Q4-2009 Projected Clark County Economic Data Jul-09 Jul-08
More informationQuarterly 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 informationSecond Quarter Industrial Market Report 2017
Second Quarter Industrial Market Report 2017 03 04 04 04 05 06 08 09 10 11 13 Executive Summary National Economy Local Economy Oklahoma City Industrial Market Leasing Net Absorption and Inventory Rental
More informationFirst Quarter Multi-Family Market Report 2018
First Quarter Multi-Family Market Report 2018 03 04 04 05 05 06 07 07 08 10 Executive Summary National Economy Local Economy OKC Multi-Family Market Leasing by Class and Unit Mix OKC Multi-Family Market
More informationQ 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 informationWashington, 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 informationMiami-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 informationHealthcare, Life Sciences and Technology Sectors Drive Q Leasing Activity
MARKETVIEW Boston Suburban Office, Q4 2015 Healthcare, Life Sciences and Technology Sectors Drive Q4 2015 Leasing Activity Vacancy 17.3% Availability 19.9% Absorption 87,036 SF Sublease 2.5 MSF Under Construction
More information2017 FORT WAYNE, INDIANA OFFICE MARKET SURVEY
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
More informationHOUSTON 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 informationResearch AUSTIN 1Q16 OFFICE MARKET. Current Conditions
is a Top Pick Going into 2016 The office market recognized its 14th consecutive quarter of positive net absorption in the first quarter of 2016, as its vacancy rate fell to 10., significantly lower than
More informationGreater 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 informationRESEARCH 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 informationBakersfield 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>> 2016 Off to A Good Start for Tri-Cities
Research & Forecast Report TRI-CITIES OFFICE Q1 216 Accelerating success. >> 216 Off to A Good Start for Tri-Cities Key Takeaways > The Tri-Cities office market saw vacancy decline for the seventh consecutive
More informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS GEOFF FALKENBERG Oregon Association of Realtors Fellow The Urban Land Institute ranked Portland 11th in the nation among Markets to Watch for real estate investment in 2014. Jones
More informationEconomic and Market Outlook: SAN ANTONIO OFFICE Q1 2016
Economic and Market Outlook: HOUSTON SAN ANTONIO AUSTIN Table 1. Key market indicators for Q1 2016, and their percent (%) change on a quarter-over-quarter (QoQ) and year-over-year (YoY) basis (Class A
More information>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 informationSummary. 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 informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS KYLE SMITH Regional Multiple List Service [RMLS] Fellow & Certificate of Real Estate Development Graduate Student Grubb & Ellis reports that the market wide office vacancy rate remained
More informationMARKETBEAT 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 informationHousing: Where The Action Is. Presented by: Mary Bujold Maxfield Research Inc.
Housing: Where The Action Is Presented to: Sensible LandUseCoalition Presented by: Mary Bujold Maxfield Research Inc. February 26, 2014 Headlines 2013: Widespread Market Recovery Twin Cities Housing Market
More informationStrong 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 informationMarket 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 informationCoStar Office Statistics. F i r s t Q u a r t e r Colorado Springs Office Market
CoStar Office Statistics F i r s t Q u a r t e r 2 0 1 7 First Quarter 2017 Colorado Springs Table of Contents Table of Contents................................................................. A Methodology......................................................................
More informationOFFICE MARKET ANALYSIS
OFFICE MARKET ANALYSIS GEOFF FALKENBERG Oregon Association of Realtors Fellow In the U.S. and Oregon, the third quarter of 2013 saw office markets hit a plateau. Office deliveries are low, but the pipeline
More informationRaleigh-Durham MARKETBEAT. Office Q Economy. Market Overview TRIANGLE OFFICE
TRIANGLE OFFICE Economic Indicators Q3 16 Q3 17 Triangle Employment 910k 936k Triangle Unemployment 4.3% 3.5% U.S. Unemployment 4.9% 4.4% Market Indicators (Overall, All Classes) Q3 16 Q3 17 Vacancy 14.5%
More informationThe 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 informationOverall 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 informationSoft 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 informationWESTSHORE OFFICE MARKET OVERVIEW PRESENTED BY: LARRY RICHEY
MARKET PRESENTED BY: LARRY RICHEY YESTERDAY LOCATION, LOCATION, LOCATION Center of the Region WestShore Plaza 1967 Tampa International Airport 1971 I-275 with exits in all the right places International
More informationLeasing 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