Office Market
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 193M | 15.8% | $31.21 | 16.4% | -174,849 | 0 | 1,122,571 |
| 4 & 5 STAR | 69M | 24.5% | $37.43 | 24.3% | -58,249 | 0 | 743,737 |
| 3 STAR | 89M | 12.5% | $29.00 | 13.6% | -27,585 | 0 | 378,834 |
| 1 & 2 STAR | 35M | 7.3% | $24.43 | 8.0% | -89,015 | 0 | 0 |
INDUSTRIAL MARKET
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 53M | 8.2% | $11.42 | 9.5% | -16,957 | 0 | 170,683 |
| LOGISTICS | 30M | 11.0% | $10.63 | 13.0% | -2,113 | 0 | 170,683 |
| SPECIALIZED INDUSTRIAL | 13M | 4.3% | $11.36 | 4.4% | -8,088 | 0 | 0 |
| FLEX | 11M | 5.3% | $13.70 | 5.8% | -6,756 | 0 | 0 |
MULTI-FAMILY MARKET
| SUB-MARKET | UNITS | VACANCY RATE | ASKING RENT | EFFECTIVE RENT | ABSORPTION UNITS | DELIVERED UNITS | UNDER CONSTR UNITS |
|---|---|---|---|---|---|---|---|
| TOTAL: | 86,033 | 10.5% | $1,181 | $1,126 | -34 | 0 | 1,381 |
| 4 & 5 STAR | 17,457 | 9.9% | $1,615 | $1,515 | -1 | 0 | 472 |
| 3 STAR | 42,098 | 9.8% | $1,148 | $1,099 | -34 | 0 | 909 |
| 1 & 2 STAR | 26,478 | 11.8% | $885 | $855 | 1 | 0 | 0 |
RETAIL MARKET
| SUB-MARKET | RBA | VACANCY RATE | MARKET RENT | AVAILABILITY RATE | NET ABSORPTION SF | DELIVERIES SF | UNDER CONSTRUCT SF |
|---|---|---|---|---|---|---|---|
| TOTAL: | 248M | 4.6% | $27.16 | 4.9% | 10,948 | 0 | 2,392,180 |
| MALLS | 13M | 2.0% | $36.73 | 2.4% | 0 | 0 | 75,021 |
| POWER CENTER | 34M | 3.6% | $30.12 | 4.3% | -16,044 | 0 | 190,107 |
| NEIGHBORHOOD CENTER | 92M | 5.9% | $26.20 | 6.2% | 41,239 | 0 | 610,454 |
| STRIP CENTER | 15M | 5.6% | $24.40 | 6.8% | -1,963 | 0 | 282,467 |
| GENERAL RETAIL | 90M | 3.8% | $26.30 | 3.8% | -12,284 | 0 | 1,234,131 |
| OTHER | 4M | 7.0% | $21.29 | 2.0% | 0 | 0 | 0 |
