Office Market
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 125M | 13.9% | $41.78 | 16.7% | (160,112) | 8,950 | 620,502 |
| 4 & 5 STAR | 44M | 20.8% | $51.41 | 25.0% | (106,059) | 0 | 518,592 |
| 3 STAR | 53M | 12.3% | $38.20 | 14.5% | (26,998) | 8,950 | 101,910 |
| 1 & 2 STAR | 28M | 6.3% | $33.24 | 7.8% | (27,055) | 0 | 0 |
INDUSTRIAL MARKET
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 213M | 8.6% | $21.70 | 12.3% | 62,768 | 0 | 650,248 |
| LOGISTICS | 94M | 8.8% | $17.51 | 12.5% | 59,894 | 0 | 443,248 |
| SPECIALIZED INDUSTRIAL | 66M | 5.3% | $19.50 | 7.6% | 22,547 | 0 | 0 |
| FLEX | 53M | 12.2% | $31.86 | 17.6% | (19,673) | 0 | 207,000 |
MULTI-FAMILY MARKET
| SUB-MARKET | UNITS | VACANCY RATE | ASKING RENT | EFFECTIVE RENT | ABSORPTION UNITS | DELIVERED UNITS | UNDER CONSTR UNITS |
|---|---|---|---|---|---|---|---|
| TOTAL: | 293K | 5.7% | $2,590 | $2,488 | 363 | 23 | 7,529 |
| 4 & 5 STAR | 70K | 9.8% | $3,394 | $3,160 | 235 | 0 | 5,733 |
| 3 STAR | 93K | 5.3% | $2,589 | $2,513 | 110 | 23 | 1,796 |
| 1 & 2 STAR | 130K | 3.9% | $1,941 | $1,921 | 18 | 0 | 0 |
RETAIL MARKET
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 137M | 4.3% | $35.95 | 4.6% | 13,343 | 9,555 | 93,979 |
| MALLS | 12M | 7.9% | $44.05 | 4.6% | 47,318 | 0 | 0 |
| POWER CENTER | 11M | 3.3% | $40.02 | 3.8% | (166) | 0 | 0 |
| NEIGHBORHOOD CENTER | 44M | 5.0% | $36.85 | 6.1% | (20,264) | 0 | 5,300 |
| STRIP CENTER | 11M | 4.1% | $31.02 | 4.6% | 4,051 | 4,388 | 6,497 |
| GENERAL RETAIL | 57M | 3.3% | $33.42 | 3.7% | (17,596) | 5,167 | 82,182 |
| OTHER | 2M | 1.2% | $41.80 | 1.2% | 0 | 0 | 0 |
