Office Market
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 125M | 13.8% | $41.62 | 16.6% | 48,906 | 8,950 | 618,502 |
| 4 & 5 STAR | 44M | 20.4% | $50.46 | 24.6% | 52,781 | 0 | 516,592 |
| 3 STAR | 53M | 12.3% | $38.81 | 14.5% | -3,849 | 8,950 | 101,910 |
| 1 & 2 STAR | 28M | 6.3% | $32.94 | 7.6% | -26 | 0 | 0 |
INDUSTRIAL MARKET
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 212M | 8.6% | $21.63 | 12.3% | -105,798 | 0 | 581,490 |
| LOGISTICS | 93M | 8.9% | $17.47 | 12.3% | -33,340 | 0 | 374,490 |
| SPECIALIZED INDUSTRIAL | 66M | 5.4% | $19.47 | 7.9% | -30,487 | 0 | 0 |
| FLEX | 53M | 12.2% | $31.74 | 17.6% | -41,971 | 0 | 207,000 |
MULTI-FAMILY MARKET
| SUB-MARKET | UNITS | VACANCY RATE | ASKING RENT | EFFECTIVE RENT | ABSORPTION UNITS | DELIVERED UNITS | UNDER CONSTR UNITS |
|---|---|---|---|---|---|---|---|
| TOTAL: | 292K | 5.8% | $2,598 | $2,495 | -226 | 0 | 8,128 |
| 4 & 5 STAR | 70K | 10.4% | $3,412 | $3,165 | -195 | 0 | 6,115 |
| 3 STAR | 92K | 5.0% | $2,603 | $2,536 | -29 | 0 | 2,013 |
| 1 & 2 STAR | 129K | 3.9% | $1,932 | $1,912 | -2 | 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% | $36.04 | 4.9% | 11,697 | 4,625 | 95,982 |
| MALLS | 13M | 9.2% | $43.98 | 5.9% | -2,093 | 0 | 0 |
| POWER CENTER | 12M | 3.1% | $40.10 | 4.1% | 22,501 | 0 | 0 |
| NEIGHBORHOOD CENTER | 44M | 4.9% | $36.99 | 6.3% | 8,101 | 0 | 5,300 |
| STRIP CENTER | 11M | 4.2% | $31.09 | 5.0% | -3,512 | 0 | 10,885 |
| GENERAL RETAIL | 57M | 3.1% | $33.47 | 3.8% | -13,300 | 4,625 | 79,797 |
| OTHER | 2M | 1.2% | $42.12 | 1.2% | 0 | 0 | 0 |
