Office Market
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 29M | 8.0% | $25.71 | 8.7% | (5,518) | 0 | 100,310 |
| 4 & 5 STAR | 4M | 13.3% | $29.03 | 14.4% | 4,695 | 0 | 0 |
| 3 STAR | 15M | 7.4% | $26 | 8.2% | 13,351 | 0 | 100,310 |
| 1 & 2 STAR | 10M | 6.7% | $23.99 | 7.1% | (23,564) | 0 | 0 |
INDUSTRIAL MARKET
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 54M | 8.2% | $11.51 | 9.5% | (35,254) | 0 | 486,235 |
| LOGISTICS | 30M | 10.9% | $10.68 | 12.9% | (7,430) | 0 | 170,683 |
| SPECIALIZED INDUSTRIAL | 13M | 4.5% | $11.53 | 4.6% | (28,049) | 0 | 315,552 |
| FLEX | 11M | 5.3% | $13.80 | 5.7% | 225 | 0 | 0 |
MULTI-FAMILY MARKET
| SUB-MARKET | UNITS | VACANCY RATE | ASKING RENT | EFFECTIVE RENT | ABSORPTION UNITS | DELIVERED UNITS | UNDER CONSTR UNITS |
|---|---|---|---|---|---|---|---|
| TOTAL: | 86K | 10.5% | $1,183 | $1,128 | (41) | 0 | 1,381 |
| 4 & 5 STAR | 17K | 10.1% | $1,630 | $1,551 | 7 | 0 | 472 |
| 3 STAR | 43K | 9.9% | $1,151 | $1,093 | (41) | 0 | 909 |
| 1 & 2 STAR | 27K | 11.9% | $886 | $854 | (7) | 0 | 0 |
RETAIL MARKET
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 56M | 5.3% | $20.90 | 5.1% | 263,309 | 14,741 | 231,288 |
| MALLS | 7M | 7.7% | $25.88 | 5.0% | 209,476 | 0 | 60,280 |
| POWER CENTER | 3M | 3.4% | $25.77 | 3.1% | 0 | 0 | 0 |
| NEIGHBORHOOD CENTER | 20M | 6.8% | $20.48 | 6.9% | 865 | 0 | 43,484 |
| STRIP CENTER | 4M | 6.9% | $18.03 | 6.8% | 9,230 | 0 | 0 |
| GENERAL RETAIL | 22M | 3.0% | $19.46 | 3.4% | 43,738 | 14,741 | 127,524 |
| OTHER | 0.4M | 0% | $34.80 | 0% | 0 | 0 | 0 |
