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Market Research

Hotel Market Research/Reports

  1. Washington

    1. Seattle Hotel Market Report
      Fourth Quarter 2018

      Lodging markets in and near Seattle recorded modest growth in demand during 2018, though in some cases this growth was more than offset by additions to the competitive supply. Room prices edged up slightly, but occupancy rates declined in several submarkets. Over 3,300 rooms opened during 2018, and nearly 2,400 more were under construction at year-end. As the full impact of the new hotels becomes apparent, we are projecting ffurther weakening in occupancy accompanied by stable or declining room rates.

      Downloads
      Fourth Quarter 2018 Seattle Hotel Market Report
      Second Quarter 2018 Seattle Hotel Market Report
      Fourth Quarter 2017 Seattle Hotel Market Report
      Second Quarter 2017 Seattle Hotel Market Report
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Industrial Market Research/Reports

  1. Washington

    1. Seattle Industrial Market Report
      First Quarter 2019

      The Puget Sound region's industrial market 1st quarter results are starting off in a pattern similar to a year ago. Last year, the region saw negative net absorption of just under 500,000 s.f. This quarter, the results were also negative, but a lower amount of nearly 110,000 s.f. Construction is very active at just over 5.8 million s.f. With the high volume of construction and the negative net absorption, is there reason for concern? The answer is no. We do expect some correction at some point in time, but there are several factors that point to a continued growth in the industrial market.

      Downloads
      First Quarter 2019 Seattle Industrial Market Report
      Fourth Quarter 2018 Seattle Industrial Market Report
      Third Quarter 2018 Seattle Industrial Market Report
      Second Quarter 2018 Seattle Industrial Market Report
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  2. Oregon

    1. Portland Industrial Market Report
      First Quarter 2019

      The Portland industrial market has started the year by delivering an impressive amount of new industrial product, with over 400K s.f. of new inventory added. Strong fundamentals in the industrial sector have kept vacancy low in spite of all the new inventory added. Furthermore, rental rates managed to post a respectable 3.08% increase quarter-over-quarter. With roughly 1.8M s.f. of mostly high-quality logistics product still under construction at quarter's end, the outlook for Portland's industrial market remains bullish going into the second quarter of 2019.

      Downloads
      First Quarter 2019 Portland Industrial Market Report
      Fourth Quarter 2018 Portland Industrial Market Report
      Third Quarter 2018 Portland Industrial Market Report
      Second Quarter 2018 Portland Industrial Market Report
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  3. California

    1. Inland Empire Industrial Market Report
      First Quarter 2019

      Hats off to a great start in one of the strongest Industrial markets nationwide. Inland Empire (IE) continues to drive momentum, fuel growth, and sustain profit year over year. With no signs of slowing down, it is safe to crown IE the king of the industrial market in Southern California. Direct net absorption was 4,744,634 s.f. Direct vacancies are at 4.3% and this should remain strong considering over 25M s.f. is under construction. Direct rental rates are $0.73/s.f., the lowest in Southern California. The market is developing uber fast, demand is satisfyingly high, unemployment is consistently down, the market is a win for everyone.

      Downloads
      First Quarter 2019 Inland Empire Industrial Market Report
      Fourth Quarter 2018 Inland Empire Industrial Market Report
      Third Quarter 2018 Inland Empire Industrial Market Report
      Second Quarter 2018 Inland Empire Industrial Market Report
    2. Los Angeles Industrial Market Report
      First Quarter 2019

      Slow like a tortoise goes the market for first quarter 2019. Humbly, Q1 2019 mimics the leasing activity of Q1 2018 as competition for higher quality and flex industrial buildings has stiffened. Rents are now the highest they have ever been for industrial buildings in the past 10 years. Year over year rent growth is 5%. Market sale price per s.f. has reached an all-time high at $192 per foot. Cap rates are also the lowest the market has ever seen. In addition, this year is proving to be on fire with sales volume as Q1 2019 reached $5.2B just shy of last quarter's $5.3B. This quarter, smaller buildings asked higher price per s.f.

      Downloads
      First Quarter 2019 Los Angeles Industrial Market Report
      Fourth Quarter 2018 Los Angeles Industrial Market Report
      Third Quarter 2018 Los Angeles Industrial Market Report
      Second Quarter 2018 Los Angeles Industrial Market Report
    3. Oakland/East Bay Industrial Market Report
      First Quarter 2019

      East Bay's industrial property market (aka I-880 corridor) continued the trend of delivering significant amounts of new product that began in 2018. Demand for warehouses, distribution centers, and logistics centers in the East Bay that has blossomed out of the e-commerce boom has shown no signs of letting up. Even with all of the new deliveries and a rare quarter of significant negative net absorption, vacancies remain below 5% and overall rental rates are up 8.4% year-over-year. The East Bay industrial property market has become a hub for commerce throughout the Bay Area, and will continue to be attractive to distribution and logistics tenants going forward.

      Downloads
      First Quarter 2019 Oakland/East Bay Industrial Market Report
      Fourth Quarter 2018 Oakland/East Bay Industrial Market Report
      Third Quarter 2018 Oakland/East Bay Industrial Market Report
      Second Quarter 2018 Oakland/East Bay Industrial Market Report
    4. Orange County Industrial Market Report
      First Quarter 2019

      Redevelopment is key and Orange Country trails far behind its bigger brothers like Los Angeles and Inland Empire for industrial supply. The industrial market in Orange County kicked off 2019 with a modest 268,504 s.f. of construction deliveries. This year will see even smaller supply deliver with only 100, 276 s.f. under construction. Sales volume fell short $200,000 less than Q4 2018 representing 54 total transactions. Notably, this is one of the strongest sales volumes Q1 Orange County has seen historically. This quarter also saw one of the lowest cap rates in the past 10 years at 5.06%. Future demand will continue to motivate investors. Port improvements makes the proximity of OC desirable for new tenants. The Port of Long Beach has allocated $870 million to build a new on-dock rail that estimates up to half of the port's container volumes controlled on rails. Container volumes for both Long Beach and Los Angeles are forecasted to expand 30 million TEU by 2032, double the amount seen in 2015. Remember, 2015 saw the highest absorption historically for the OC as 2.3 million s.f. was absorbed.

      Downloads
      First Quarter 2019 Orange County Industrial Market Report
      Fourth Quarter 2018 Orange County Industrial Market Report
      Third Quarter 2018 Orange County Industrial Market Report
      Second Quarter 2018 Orange County Industrial Market Report
    5. Peninsula/San Mateo County Industrial Market Report
      First Quarter 2019

      The San Francisco Peninsula industrial market ended the first quarter with 321,141 s.f. of leasing activity, but reported 111,125 s.f. of negative net absorption. Vacancy rates fell to 3.90% from the previous quarter, with rental rates averaging to $1.68/s.f. NNN. R&D rates, fueled by the life science industry, rose to an average of $4.26/s.f. NNN. Strong demand continues for high-quality spaces, especially in the North County.

      Downloads
      First Quarter 2019 Peninsula/San Mateo County Industrial Market Report
      Fourth Quarter 2018 Peninsula/San Mateo County Industrial Market Report
      Third Quarter 2018 Peninsula/San Mateo County Industrial Market Report
      Second Quarter 2018 Peninsula/San Mateo County Industrial Market Report
    6. Sacramento Industrial Market Report
      First Quarter 2019

      Sacramento's industrial market had a record year in 2018, and has begun 2019 by building further upon the strength of last year. Historic occupancy levels reached in 2018 were topped in Q1 2019, with direct vacancy rates falling 10 basis points quarter-over-quarter. Similarly rental rates improved upon their previously historic levels in 2018 to set a new record for the market, and is now 33.3% higher year-over-year.

      Downloads
      First Quarter 2019 Sacramento Industrial Market Report
      Fourth Quarter 2018 Sacramento Industrial Market Report
      Third Quarter 2018 Sacramento Industrial Market Report
      Second Quarter 2018 Sacramento Industrial Market Report
    7. San Diego Industrial Market Report
      First Quarter 2019

      The San Diego industrial real estate market kept pace the first quarter from the record breaking metrics across the board at year end 2018, with rent growth reaching a new all-time high showing no signs of slowing down and sale prices at its peak from the annual historical average. The development pipeline accomplished a decade high of new deliveries last year and continues to hold steadfast with approximately 2 million square feet due to complete by the end of 2019, of which nearly 45% of that inventory came online in the first quarter alone.

      Downloads
      First Quarter 2019 San Diego Industrial Market Report
      Fourth Quarter 2018 San Diego Industrial Market Report
      Third Quarter 2018 San Diego Industrial Market Report
      Second Quarter 2018 San Diego Industrial Market Report
    8. Silicon Valley Industrial Market Report
      First Quarter 2019

      The Silicon Valley industrial and warehouse markets have maintained upward trends in the first quarter. Overall net absorption remains positive with 103,598 s.f. Persistently low vacancies fuel demand for industrial and warehouse products driving rental rates in Silicon Valley to $1.45/s.f. NNN and $1.08/s.f. NNN respectively. Over 3.1 million s.f. in the industrial and warehouse markets are scheduled to come online in late 2019 to help satisfy demand.

      Downloads
      First Quarter 2019 Silicon Valley Industrial Market Report
      Fourth Quarter 2018 Silicon Valley Industrial Market Report
      Third Quarter 2018 Silicon Valley Industrial Market Report
      Second Quarter 2018 Silicon Valley Industrial Market Report
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  4. Arizona

    1. Phoenix Industrial Market Report
      First Quarter 2019

      Setting the stage for the year ahead, the Phoenix industrial real estate market's performance in Q1 2019 only further reflected the consistent demand this market has shown cycle after cycle. Vacancy rates hit an all-time record low and asking rental rates soared to a new high. Leasing and sales activity continues to remain on solid footing, bolstered by a growing consumer base driving demand for industrial space among e-commerce and third-party logistics companies.

      Downloads
      First Quarter 2019 Phoenix Industrial Market Report
      Fourth Quarter 2018 Phoenix Industrial Market Report
      Third Quarter 2018 Phoenix Industrial Market Report
      Second Quarter 2018 Phoenix Industrial Market Report
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  5. Nevada

    1. Reno Industrial Market Report
      First Quarter 2019

      The first quarter of 2019 saw no change in direction with the upward trending Northern Nevada market. Overall vacancy slightly decreased from 6.40% in Q4 2018 to 5.92% and direct vacancy followed going from 5.58% to 4.89%. Total sublease space available was 904,310 square feet for the quarter. A majority of that number is attributed to the 505,340 square foot sublease of the Petco distribution center in the North Valleys submarket.

      Downloads
      First Quarter 2019 Reno Industrial Market Report
      Fourth Quarter 2018 Reno Industrial Market Report
      Third Quarter 2018 Reno Industrial Market Report
      Second Quarter 2018 Reno Industrial Market Report
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Life Science Market Research/Reports

  1. California

    1. San Francisco Life Science Market Report
      First Quarter 2019

      The life science market remains a major economic driver in the Bay Area and a significant contributor to competition for commercial real estate space. In the first quarter, demand for life science space soared by over 40%, with over 3.8 million s.f. of tenant requirements now in the market. The Bay Area ended Q1 with 922,082 s.f. of gross absorption and 673,261 s.f. of positive net absorption.

      Downloads
      First Quarter 2019 San Francisco Life Science Market Report
      Fourth Quarter 2018 San Francisco Life Science Market Report
      Third Quarter 2018 San Francisco Life Science Market Report
      Second Quarter 2018 San Francisco Life Science Market Report
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Multifamily Market Research/Reports

  1. Washington

    1. Seattle Multifamily Market Report
      Fourth Quarter 2018










      Downloads
      Fourth Quarter 2018 Seattle Multifamily Investments Market Report
      Third Quarter 2018 Seattle Multifamily Investments Market Report
      Second Quarter 2018 Seattle Multifamily Investments Market Report
      Fourth Quarter 2017 Seattle Multifamily Investments Market Report
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  2. Oregon

    1. Portland Multifamily Market Report
      First Quarter 2019

      The Portland multifamily market has had a substantial run-up in the current cycle, and that has extended into 1Q19. Vacancy rates sit at 4.95%, and each unit type has seen quarter-over-quarter and year-over-year rental rate increases. Yet some headwinds indicate that the current development and investment cycle is entering the later stages. Homeownership rates are increasing, the rate of rent growth is declining, population growth rate is subsiding, and apartment construction is beginning to slow.

      Downloads
      First Quarter 2019 Portland Multifamily Investments Market Report
      Fourth Quarter 2018 Portland Multifamily Investments Market Report
      Third Quarter 2018 Portland Multifamily Investments Market Report
      Second Quarter 2018 Portland Multifamily Investments Market Report
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  3. California

    1. Bay Area Multifamily Market Report
      First Quarter 2019

      As the Bay Area's economy experiences upwards growth, the multifamily market remains strong with high demand and a healthy development pipeline. Rising rental rates continue to affect the region, standing at an average of $2,740, up 3.7% from a year ago. With increased amounts of tenants preferring to live near transit centers and amenities, developers strive to deliver units in the downtown and CBD areas.

      Downloads
      First Quarter 2019 Bay Area Multifamily Investments Market Report
      Fourth Quarter 2018 Bay Area Multifamily Investments Market Report
      Third Quarter 2018 Bay Area Multifamily Investments Market Report
      Second Quarter 2018 Bay Area Multifamily Investments Market Report
    2. Inland Empire Multifamily Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Inland Empire Multifamily Investments Market Report
      Fourth Quarter 2018 Inland Empire Multifamily Investments Market Report
      Third Quarter 2018 Inland Empire Multifamily Investments Market Report
      Second Quarter 2018 Inland Empire Multifamily Investments Market Report
    3. Los Angeles Multifamily Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Los Angeles Multifamily Investments Market Report
      Fourth Quarter 2018 Los Angeles Multifamily Investments Market Report
      Third Quarter 2018 Los Angeles Multifamily Investments Market Report
      Second Quarter 2018 Los Angeles Multifamily Investments Market Report
    4. Orange County Multifamily Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Orange County Multifamily Investments Market Report
      Fourth Quarter 2018 Orange County Multifamily Investments Market Report
      Third Quarter 2018 Orange County Multifamily Investments Market Report
      Second Quarter 2018 Orange County Multifamily Investments Market Report
    5. Sacramento Multifamily Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Sacramento Multifamily Investments Market Report
      Fourth Quarter 2018 Sacramento Multifamily Investments Market Report
      Third Quarter 2018 Sacramento Multifamily Investments Market Report
      Second Quarter 2018 Sacramento Multifamily Investments Market Report
    6. San Diego Multifamily Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 San Diego Multifamily Investments Market Report
      Fourth Quarter 2018 San Diego Multifamily Investments Market Report
      Third Quarter 2018 San Diego Multifamily Investments Market Report
      Second Quarter 2018 San Diego Multifamily Investments Market Report
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  4. Arizona

    1. Phoenix Multifamily Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Phoenix Multifamily Investments Market Report
      Fourth Quarter 2018 Phoenix Multifamily Investments Market Report
      Third Quarter 2018 Phoenix Multifamily Investments Market Report
      Second Quarter 2018 Phoenix Multifamily Investments Market Report
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  5. Nevada

    1. Reno Multifamily Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Reno Multifamily Investments Market Report
      Fourth Quarter 2018 Reno Multifamily Investments Market Report
      Third Quarter 2018 Reno Multifamily Investments Market Report
      Second Quarter 2018 Reno Multifamily Investments Market Report
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Office Market Research/Reports

  1. Washington

    1. Seattle Office Market Report
      First Quarter 2019

      After another solid performance for the regional office market during 2018, the 1st quarter 2019 office metrics are somewhat lackluster in comparison as the Puget Sound braces for more office construction. Over the quarter, the regional office market saw vacancy increase to 6.48%, up from 6.10% at year-end 2018. The regional availability rate also jumped by 43 bps over the quarter to 8.57%.

      Downloads
      First Quarter 2019 Seattle Office Market Report
      Fourth Quarter 2018 Seattle Office Market Report
      Third Quarter 2018 Seattle Office Market Report
      Second Quarter 2018 Seattle Office Market Report
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  2. Oregon

    1. Portland Office Market Report
      First Quarter 2019

      Strong demand for the Portland office market ensured that occupancy has remained constant quarter-over-quarter and year-over-year, despite seeing over 2.2 million s.f. delivered to the market since the beginning of 2018. The unprecedented deliveries of 2018 have barely made a dent in the development pipeline, as it is still very robust with over 2.5 million s.f. of space under construction. The first quarter of 2019 marks the ninth straight quarter of growth in asking lease rates, further proving that demand for office space in Portland is highly coveted.

      Downloads
      First Quarter 2019 Portland Office Market Report
      Fourth Quarter 2018 Portland Office Market Report
      Third Quarter 2018 Portland Office Market Report
      Second Quarter 2018 Portland Office Market Report
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  3. California

    1. Inland Empire Office Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Inland Empire Office Market Report
      Fourth Quarter 2018 Inland Empire Office Market Report
      Third Quarter 2018 Inland Empire Office Market Report
      Second Quarter 2018 Inland Empire Office Market Report
    2. Los Angeles Office Market Report
      First Quarter 2019

      Migration from New York, Baltimore, and Miami is driving the office job sector in Los Angeles. Consequently, workers are moving to Inland Empire and Las Vegas due to cost of living. The LA talent pool is diverse, but waning. There is a disconnect between where people live and work, and this past year of office leases continues to make this difficult.



      Downloads
      First Quarter 2019 Los Angeles Office Market Report
      Fourth Quarter 2018 Los Angeles Office Market Report
      Third Quarter 2018 Los Angeles Office Market Report
      Second Quarter 2018 Los Angeles Office Market Report
    3. Oakland/East Bay Office Market Report
      First Quarter 2019

      After a stellar 2018, the East Bay office real estate market mostly maintained the gains in occupancy and continued to see increased rental rates at the end of 1Q 2019. Since 2010, rental rates have continuously increased year-over-year, and this year promises to be no different. New deliveries have slowed after a year of deliveries not seen since 2001, but the development pipeline remains robust with over 1.6 million s.f. still under construction. Sales volume jumped to a level not seen in a single quarter since the end of 2015, with average sales price per s.f. increasing 17.37% quarter-over-quarter. 2018 ended strong for this market, and indications from 1Q 2019 appear to show that trend staying strong

      Downloads
      First Quarter 2019 Oakland/East Bay Office Market Report
      Fourth Quarter 2018 Oakland/East Bay Office Market Report
      Third Quarter 2018 Oakland/East Bay Office Market Report
      Second Quarter 2018 Oakland/East Bay Office Market Report
    4. Orange County Office Market Report
      First Quarter 2019

      The Orange County office market reduces transaction activity in 1Q19 as office demand begins to keep pace with the supply in the pipeline. Direct vacancies settled at 9.7% this quarter with average rental rates increasing to $2.74 s.f. fully serviced, a 5.38% increase year over year. The supply-demand fundamentals of the Orange County office market were such that only 63,766 s.f. was net absorbed. In addition, 339K s.f. was delivered. High quality product slowed arrival this quarter and existing product commanded higher asking rates. Overall market economy and job growth declined by 24K primarily in trade, transportation, and utilities with 90% of those in retail trade. The population grew 3.9%. Although this loss of jobs may be alarming, the number is less now than a year ago, during the same time. With healthy economic fundamentals in place, we can expect stable supply and demand growth in the Orange County office market to remain positive moving further into 2019. Keep in mind several hundred Fortune 500 companies have offices in one of the submarkets. Overall, the market is strong.

      Downloads
      First Quarter 2019 Orange County Office Market Report
      Fourth Quarter 2018 Orange County Office Market Report
      Third Quarter 2018 Orange County Office Market Report
      Second Quarter 2018 Orange County Office Market Report
    5. Peninsula/San Mateo County Office Market Report
      First Quarter 2019

      The foundation of San Mateo County's office market remains strong, as low unemployment (2.3%) and strong job growth in the tech sector have contributed to a strong economy. Average direct rental rates rose to $5.28/s.f. fully serviced, with direct vacancy rates increasing slightly to 8.3%. Over 4.2 million s.f. remains under construction on the Peninsula, consisting of high-quality, Class A space.

      Downloads
      First Quarter 2019 Peninsula/San Mateo County Office Market Report
      Fourth Quarter 2018 Peninsula/San Mateo County Office Market Report
      Third Quarter 2018 Peninsula/San Mateo County Office Market Report
      Second Quarter 2018 Peninsula/San Mateo County Office Market Report
    6. Sacramento Office Market Report
      First Quarter 2019

      Office property in the Sacramento market ended 1Q19 strong with leasing activity finishing 9.66% higher year-over-year. Direct vacancy rates continued to decline, ending the quarter 20 basis points lower quarter-over-quarter and 40 basis points lower year-over-year. The construction pipeline is very robust with over 2.3M s.f. still under construction by the end of the quarter. Asking lease rates are up 2.19% quarter-overquarter and have grown roughly 14% in the last five years. While this market continues to be primarily driven by the State of California government's demand for office space, the private sector has started to view the market very favorably with Fortune 100 companies relocating their regional headquarters to the state capital of California.

      Downloads
      First Quarter 2019 Sacramento Office Market Report
      Fourth Quarter 2018 Sacramento Office Market Report
      Third Quarter 2018 Sacramento Office Market Report
      Second Quarter 2018 Sacramento Office Market Report
    7. San Diego Office Market Report
      First Quarter 2019

      The San Diego office market started the year off on solid footing, with net absorption picking up in the first quarter, asking rental rates still peaking at the record high from last year and occupancies hovering near post-recession highs. Sales transaction volume more than doubled from this time last year and vacancies are holding steady at near record low rates. The foundation of San Diego's office market is sturdy, bolstered by a strong employment base sustained in tech, life sciences and healthcare. Apple, the tech giant, committed to providing 1,200 jobs by the end of 2021 after taking up 100,000 square feet in UTC in the 4th quarter of 2018.

      Downloads
      First Quarter 2019 San Diego Office Market Report
      Fourth Quarter 2018 San Diego Office Market Report
      Third Quarter 2018 San Diego Office Market Report
      Second Quarter 2018 San Diego Office Market Report
    8. San Francisco Office Market Report
      First Quarter 2019

      The office market in San Francisco kicked off 2019 with over 770K square feet of construction deliveries. Even with the large scale of deliveries, the construction pipeline remains robust with over 4.1 million square feet yet to be delivered, 72.9% of which is already pre-leased. Sales volume hit its highest quarterly total in two years, while average sales price per square foot jumped over $100 quarter-over-quarter, and skyrocketed more than $400 year-over-year. 2018 was a historic year in terms of occupancy, net absorption, rent, and development. The first quarter of 2019 has mostly maintained much of those gains, despite the quarter being less active than previous years.

      Downloads
      First Quarter 2019 San Francisco Office Market Report
      Fourth Quarter 2018 San Francisco Office Market Report
      Third Quarter 2018 San Francisco Office Market Report
      Second Quarter 2018 San Francisco Office Market Report
    9. Silicon Valley Office Market Report
      First Quarter 2019

      The Silicon Valley Office market carries over 2018's stellar growth into the first quarter of 2019. Large tech companies and developers are meeting this demand by constructing over 4.7 million s.f. of office space. Roughly 80% of this is already preleased, pointing to the strong demand regionally. Vacancy rates are relatively flat and rental rates are still inching upwards. Sales activity jumped 122% year-over-year. The strong economy and robust development pipeline indicates that 2019 will build upon the strong market activity of 2018.

      Downloads
      First Quarter 2019 Silicon Valley Office Market Report
      Fourth Quarter 2018 Silicon Valley Office Market Report
      Third Quarter 2018 Silicon Valley Office Market Report
      Second Quarter 2018 Silicon Valley Office Market Report
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  4. Arizona

    1. Phoenix Office Market Report
      First Quarter 2019

      The Phoenix office market started the year off with continued signs of a tightened market, as asking rents reach a new post-recession record high, and vacancy and availability rates remain stagnant at the record low from year end 2018. Leasing activity slowed down a bit this quarter from the historical average in transaction volume, but in contract, the office sales volume experienced one of the highest number of properties traded in a first quarter, almost doubling the volume from this time last year.

      Downloads
      First Quarter 2019 Phoenix Office Market Report
      Fourth Quarter 2018 Phoenix Office Market Report
      Third Quarter 2018 Phoenix Office Market Report
      Second Quarter 2018 Phoenix Office Market Report
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  5. Nevada

    1. Reno Office Market Report
      First Quarter 2019

      The office real estate market in the greater Reno/Sparks area had a slower than usual first quarter with a reported 134,251 square feet in leasing activity, and 214,790 square feet in building sales. However, both direct and overall vacancy have shown an uninterrupted decline quarter over quarter, continuing the upward push of lease rates market-wide.

      Downloads
      First Quarter 2019 Reno Office Market Report
      Fourth Quarter 2018 Reno Office Market Report
      Third Quarter 2018 Reno Office Market Report
      Second Quarter 2018 Reno Office Market Report
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R&D Market Research/Reports

  1. California

    1. Silicon Valley R&D Market Report
      First Quarter 2019

      The Silicon Valley R&D market growth remains strong for the first quarter. Total vacancies have dropped nearly 8% to 8.1% and asking lease rates increased 11.37% year-over-year to $2.35/s.f. NNN. Last year was one of the strongest years in history. Falling vacancies and rising rents help preserve momentum for 2019.


      Downloads
      First Quarter 2019 Silicon Valley R&D Market Report
      Fourth Quarter 2018 Silicon Valley R&D Market Report
      Third Quarter 2018 Silicon Valley R&D Market Report
      Second Quarter 2018 Silicon Valley R&D Market Report
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Retail Market Research/Reports

  1. Washington

    1. Seattle Retail Market Report
      First Quarter 2019

      The retail market is extremely challenging, a clear demonstration of survival of the fittest. Developers are challenged by rising construction costs and entitlement difficulty. Owners are challenged by rising interest rates and tenant turnover. Tenants are challenged by Amazon, right sizing their stores, increasing occupancy and employee costs. With unemployment at historic lows, retailers in the tightest trade areas are having difficulty finding employees. Customers are challenged for time and disposable income due to high housing costs. The market is strong in the core trade areas of Seattle and the Eastside, where most of the employment growth is occurring. The balance of the market ranges from stable to slightly soft.

      Downloads
      First Quarter 2019 Seattle Retail Market Report
      Fourth Quarter 2018 Seattle Retail Market Report
      Third Quarter 2018 Seattle Retail Market Report
      Second Quarter 2018 Seattle Retail Market Report
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  2. Oregon

    1. Portland Retail Market Report
      First Quarter 2019

      The Portland retail market's very strong 2018 has for the most part carried into the first quarter of 2019. The economic factors such as strong population growth, job growth, and the lack of a sales tax that has made the retail market in Portland so robust has continued to stay similarly strong one quarter into 2019. The direct vacancy rate remained at its lowest point of all time quarter-over-quarter. Similarly, total and direct rental rates remained relatively static quarter-over-quarter growing by 50 and 60 basis points, respectively. Portland-area shopping centers continued their remarkable occupancy gains as total and direct vacancy fell by roughly 25%. Retail nationwide is in a state of massive change, but Portland's retail property market has remained resilient in the face of those changes.

      Downloads
      First Quarter 2019 Portland Retail Market Report
      Fourth Quarter 2018 Portland Retail Market Report
      Third Quarter 2018 Portland Retail Market Report
      Second Quarter 2018 Portland Retail Market Report
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  3. California

    1. Inland Empire Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Inland Empire Retail Market Report
      Fourth Quarter 2018 Inland Empire Retail Market Report
      Third Quarter 2018 Inland Empire Retail Market Report
      Second Quarter 2018 Inland Empire Retail Market Report
    2. Los Angeles Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Los Angeles Retail Market Report
      Fourth Quarter 2018 Los Angeles Retail Market Report
      Third Quarter 2018 Los Angeles Retail Market Report
      Second Quarter 2018 Los Angeles Retail Market Report
    3. Oakland/East Bay Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Oakland/East Bay Retail Market Report
      Fourth Quarter 2018 Oakland/East Bay Retail Market Report
      Third Quarter 2018 Oakland/East Bay Retail Market Report
      Second Quarter 2018 Oakland/East Bay Retail Market Report
    4. Orange County Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Orange County Retail Market Report
      Fourth Quarter 2018 Orange County Retail Market Report
      Third Quarter 2018 Orange County Retail Market Report
      Second Quarter 2018 Orange County Retail Market Report
    5. Peninsula/San Mateo County Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Peninsula/San Mateo County Retail Market Report
      Fourth Quarter 2018 Peninsula/San Mateo County Retail Market Report
      Third Quarter 2018 Peninsula/San Mateo County Retail Market Report
      Second Quarter 2018 Peninsula/San Mateo County Retail Market Report
    6. Sacramento Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Sacramento Retail Market Report
      Fourth Quarter 2018 Sacramento Retail Market Report
      Third Quarter 2018 Sacramento Retail Market Report
      Second Quarter 2018 Sacramento Retail Market Report
    7. San Diego Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 San Diego Retail Market Report
      Fourth Quarter 2018 San Diego Retail Market Report
      Third Quarter 2018 San Diego Retail Market Report
      Second Quarter 2018 San Diego Retail Market Report
    8. San Francisco Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 San Francisco Retail Market Report
      Fourth Quarter 2018 San Francisco Retail Market Report
      Third Quarter 2018 San Francisco Retail Market Report
      Second Quarter 2018 San Francisco Retail Market Report
    9. Silicon Valley Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Silicon Valley Retail Market Report
      Fourth Quarter 2018 Silicon Valley Retail Market Report
      Third Quarter 2018 Silicon Valley Retail Market Report
      Second Quarter 2018 Silicon Valley Retail Market Report
    Back to top
  4. Arizona

    1. Phoenix Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Phoenix Retail Market Report
      Fourth Quarter 2018 Phoenix Retail Market Report
      Third Quarter 2018 Phoenix Retail Market Report
      Second Quarter 2018 Phoenix Retail Market Report
    Back to top
  5. Nevada

    1. Reno Retail Market Report
      First Quarter 2019










      Downloads
      First Quarter 2019 Reno Retail Market Report
      Fourth Quarter 2018 Reno Retail Market Report
      Third Quarter 2018 Reno Retail Market Report
      Second Quarter 2018 Reno Retail Market Report
    Back to top
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