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Market Research

Hotel Market Research/Reports

  1. Washington

    1. Seattle Hotel Market Report
      Second Quarter 2018

      With dozens of new hotels opened in the past few years, several urban markets are seeing a decline in occupancy rates. For example, in Bellingham, which experienced a near doubling of the room supply over a five-year interval, the market occupancy rate fell from 76% in 2012 to a 2018 estimate of 64%. In Downtown Bellevue, where six hotels have opened in the past four years, occupancy declined from 76% in 2013 to an estimated 70% in 2018. Ongoing development in South Lake Union is expected to have a similar impact.

      Downloads
      Second Quarter 2018 Seattle Hotel Market Report
      Fourth Quarter 2017 Seattle Hotel Market Report
      Second Quarter 2017 Seattle Hotel Market Report
      Fourth Quarter 2016 Seattle Hotel Market Report
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Industrial Market Research/Reports

  1. Washington

    1. Seattle Industrial Market Report
      Fourth Quarter 2018

      The Puget Sound region's industrial market 4th quarter results continue to be positive. On the leasing front, the region absorbed a positive 1.4 million s.f. while 2.05 million s.f. of product was delivered this quarter. With supply outpacing absorption, the vacancy rate inched upward to 3.6% from 3.5%, still a very tight market. Construction activity is still strong at nearly 5.5 million s.f. (36 buildings), with Pierce County the most active at just over 3 million s.f. About 16% of the speculative construction is pre-leased.

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

    1. Portland Industrial Market Report
      Third Quarter 2018

      Third Quarter was another outstanding quarter for the Portland industrial market. All the primary indicators of market health and vitality were fundamentally strong. Market-wide direct vacancies, for instance, dropped 30 basis points from last quarter, reaching 3.3 percent; while rental rates climbed to an average of $0.65NNN per square foot, the highest on record. Meanwhile, leasing activity, both for the quarter and year to date, was extremely strong, exceeding 1.8 million square feet for the quarter and 6.3 million square feet for the year. Moreover, both developers and investors remain bullish about the near-term prospects of the Portland industrial market, with roughly 3.9 million square feet under construction at quarter's end, and cap rates on investment sales in the range of 6-6.5%.

      Downloads
      Third Quarter 2018 Portland Industrial Market Report
      Second Quarter 2018 Portland Industrial Market Report
      First Quarter 2018 Portland Industrial Market Report
      Fourth Quarter 2017 Portland Industrial Market Report
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  3. California

    1. Inland Empire Industrial Market Report
      Third Quarter 2018

      The Inland Empire's reputation as the premier industrial market in the country remained intact and unchallenged as net absorption reported positive for the 37th consecutive quarter. While nearly 18.3 million square feet of industrial space has been completed and delivered to the market year to date, an additional 21 million square feet of industrial space remains under construction. Despite this high level of development activity, net absorption in on par with occupier demand.

      Downloads
      Third Quarter 2018 Inland Empire Industrial Market Report
      Second Quarter 2018 Inland Empire Industrial Market Report
      First Quarter 2018 Inland Empire Industrial Market Report
      Fourth Quarter 2017 Inland Empire Industrial Market Report
    2. Los Angeles Industrial Market Report
      Third Quarter 2018

      Q3 market stats reaffirm the essential truth about the LA market which has been known for some time: namely, that the industrial sector of Los Angeles continues to be one of the tightest and supply constrained markets in the country. Even after respectively rising 60 and 30 basis points from a year ago, the market wide direct vacancy rate and total availability rate are still only 2.3% and 4.5%.

      Downloads
      Third Quarter 2018 Los Angeles Industrial Market Report
      Second Quarter 2018 Los Angeles Industrial Market Report
      First Quarter 2018 Los Angeles Industrial Market Report
      Fourth Quarter 2017 Los Angeles Industrial Market Report
    3. Oakland/East Bay Industrial Market Report
      Third Quarter 2018

      The East Bay's industrial property market saw some very significant deliveries in the third quarter, and will continue to deliver more supply for the foreseeable future to keep up with the demand seen over the past several years. The total vacancy rate remained at a very low 3.9% at quarter's end, which is only 20 basis points higher than the previous quarter. Leasing activity dropped off slightly from last quarter as leasing activity in the third quarter ended with 1,227,253 s.f. leased. With 3 buildings that total over one million s.f. of space delivered this quarter and seventeen buildings totaling roughly 2.38 million s.f. still under-construction, the East Bay (aka I-880 corridor) industrial property market is undergoing rapid development to keep up with the historically high demand.

      Downloads
      Third Quarter 2018 Oakland/East Bay Industrial Market Report
      Second Quarter 2018 Oakland/East Bay Industrial Market Report
      First Quarter 2018 Oakland/East Bay Industrial Market Report
      Fourth Quarter 2017 Oakland/East Bay Industrial Market Report
    4. Orange County Industrial Market Report
      Fourth Quarter 2018

      The Orange County industrial market ended 4Q18 on a high note, reporting 341,017 s.f. of positive absorption; recovering from negative absorption levels in the last few quarters. Vacancy rates climbed by 40 basis points (bps) to 2.6% this quarter, a 30% increase year-over-year as a result of the heavy influx of new construction. It is still considered a landlord's market as rental rates continue to record post-recession highs, averaging $0.90 NNN to end the year. Overall employment growth has remained positive, and the Orange County unemployment rate has decreased to 2.8% as of November 2018, 110 basis points (bps) lower than the state's 3.9%. Healthy fundamentals accompanied by tight market conditions will likely maintain low vacancies and stable rental growth. Expect the Orange County market to remain robust in 2019.

      Downloads
      Fourth Quarter 2018 Orange County Industrial Market Report
      Third Quarter 2018 Orange County Industrial Market Report
      Second Quarter 2018 Orange County Industrial Market Report
      First Quarter 2018 Orange County Industrial Market Report
      Fourth Quarter 2017 Orange County Industrial Market Report
    5. Peninsula/San Mateo County Industrial Market Report
      Third Quarter 2018

      The Peninsula industrial market continues to perform well, as nearly 385,000 s.f. was leased this quarter, bringing the yearly total to 1,044,921 s.f. Direct vacancy rates rose slightly to 2.3%, contributing to a negative net absorption of 190,397 s.f. Asking rates decreased slightly to $1.50/s.f. NNN, a 1.3% decline from the previous quarter. R&D asking rates climbed to $4.32/s.f. NNN, as a shortage of product and high tenant demand have affected this market.

      Downloads
      Third Quarter 2018 Peninsula/San Mateo County Industrial Market Report
      Second Quarter 2018 Peninsula/San Mateo County Industrial Market Report
      First Quarter 2018 Peninsula/San Mateo County Industrial Market Report
      Fourth Quarter 2017 Peninsula/San Mateo County Industrial Market Report
    6. Sacramento Industrial Market Report
      Third Quarter 2018

      Despite falling victim to the usual summer malaise that often adversely affects leasing activity for most commercial property markets in the third quarter, Sacramento's industrial property market remained very robust. The industrial market in the Sacramento area saw 293,882 square feet of total positive net absorption during the third quarter, and over 1.6 Million square feet of direct space leased. While these indicators are down compared with the previous quarter, average rental rates jumped 16.67% year-over-year and vacancy declined to 4.7%. Year-to-date leasing activity reached over 6.15 million square feet by the end of the third quarter, despite no deliveries of new construction during the quarter.

      Downloads
      Third Quarter 2018 Sacramento Industrial Market Report
      Second Quarter 2018 Sacramento Industrial Market Report
      First Quarter 2018 Sacramento Industrial Market Report
      Fourth Quarter 2017 Sacramento Industrial Market Report
    7. San Diego Industrial Market Report
      Fourth Quarter 2018

      The San Diego industrial real estate market continued to thrive in 2018, as average asking rental rates climbed to a new all-time record high, new deliveries soared to the highest level the market has witnessed in over 10 years and net absorption posted a healthy 1.7 million square feet. The rise in construction activity has inevitably helped to relieve the downward pressure as vacancy and availability rates ticked up since the previous year, providing many of San Diego's largest firms the opportunity to further expand within the metro. Although San Diego industrial space caters largely to life science and R&D/biotech users, logistics landlords are benefiting from the rapid expansion of e-commerce, as firms such as Amazon and FedEx have established footprints in the market. Support by groundbreaking work in the biotech and life science industries, as well as robust growth within the defense industry adds yet a further layer of demand for the already vastly lucrative market.

      Downloads
      Fourth Quarter 2018 San Diego Industrial Market Report
      Third Quarter 2018 San Diego Industrial Market Report
      Second Quarter 2018 San Diego Industrial Market Report
      First Quarter 2018 San Diego Industrial Market Report
      Fourth Quarter 2017 San Diego Industrial Market Report
    8. Silicon Valley Industrial Market Report
      Third Quarter 2018

      The Silicon Valley industrial and warehouse markets had a relatively quiet third quarter, but maintained low levels of vacancy and high rental rates that have become normal for this active market. Net absorption of industrial and warehouse properties was down slightly for a second consecutive quarter, finishing the third quarter down 103,509 s.f. and 91,249 s.f. respectively. Despite the slight dip in net absorption, vacancy rates remain at historic lows, and average asking rates for industrial and warehouse space remains at or near historic highs on a per square foot basis.

      Downloads
      Third Quarter 2018 Silicon Valley Industrial Market Report
      Second Quarter 2018 Silicon Valley Industrial Market Report
      First Quarter 2018 Silicon Valley Industrial Market Report
      Fourth Quarter 2017 Silicon Valley Industrial Market Report
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  4. Arizona

    1. Phoenix Industrial Market Report
      Fourth Quarter 2018

      The Phoenix industrial real estate market finished the year out strong, with vacancy and availability rates hovering at record lows and asking rental rates at a new all-time high of $0.59/SF. The market-wide total for new construction also soared to a decade-high in 2018, totaling approximately 7.9 million square feet. Development has primarily been focused on logistics space, which accounted for most of the new deliveries in the past year. Leasing and sales activity remain robust, reflecting the consistent demand the market has shown cycle after cycle.

      Downloads
      Fourth Quarter 2018 Phoenix Industrial Market Report
      Third Quarter 2018 Phoenix Industrial Market Report
      Second Quarter 2018 Phoenix Industrial Market Report
      First Quarter 2018 Phoenix Industrial Market Report
      Fourth Quarter 2017 Phoenix Industrial Market Report
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  5. Nevada

    1. Reno Industrial Market Report
      Third Quarter 2018

      Carried by a relatively below average 715,821 square feet of positive net absorption and increase in new deliveries, the industrial market in the greater Reno area's direct vacancy increased by 80 basis points to 4.53% at the end of the third quarter. Notwithstanding, pending transactions currently underway in the fourth quarter should mitigate the increase in vacancy overall in the market.

      Downloads
      Third Quarter 2018 Reno Industrial Market Report
      Second Quarter 2018 Reno Industrial Market Report
      First Quarter 2018 Reno Industrial Market Report
      Fourth Quarter 2017 Reno Industrial Market Report
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Life Science Market Research/Reports

  1. California

    1. San Francisco Life Science Market Report
      Third Quarter 2018

      The Bay Area life science market had the strongest quarter of the year thus far, finishing with 1,135,049 s.f. of gross absorption and 461,076 s.f. of positive net absorption. San Mateo and Alameda Counties dominated the Bay Area leasing activity, accounting for nearly 95% of all transactions. Market-wide vacancy/availability rose slightly to 3.83% over last quarter's rate of 3.03% due to the addition of new inventory. Leasing activity is expected to remain stable and positive looking into the next quarter, with 3.9 million s.f. of current demand from 47 tenants. Venture capital funding remains strong, as over $4.3 billion was invested into biotech companies in 3Q.

      Downloads
      Third Quarter 2018 San Francisco Life Science Market Report
      Second Quarter 2018 San Francisco Life Science Market Report
      First Quarter 2018 San Francisco Life Science Market Report
      Fourth Quarter 2017 San Francisco Life Science Market Report
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Multifamily Market Research/Reports

  1. Washington

    1. Seattle Multifamily Market Report
      Third Quarter 2018










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

    1. Portland Multifamily Market Report
      Third Quarter 2018

      In the midst of one of the strongest economies, regionally and otherwise, the Portland multifamily market continued its exceptional run during the third quarter. Although permit activity has slowed since inclusionary zoning regulations commenced last year, the metro continues to experience one of the strongest building cycles in its history. Portland's regional economy, moreover, has been outperforming nearly all other large metros across the country, causing a net migration into the area. Housing units of all types remain in high demand. As a result, rental rates and sale prices continued their upward trajectory. With CAP rates remaining steady at 5.3%, the median price per square foot was $189 and the median price per unit was $169,500 in Q3. Overall vacancies decreased 45 basis points over the year to 4.4%, and rental rates rose to a market-wide average of $1.62 per square foot. In sum, just as Portland's economy still has room to run, so does its multifamily market.

      Downloads
      Third Quarter 2018 Portland Multifamily Investments Market Report
      Second Quarter 2018 Portland Multifamily Investments Market Report
      First Quarter 2018 Portland Multifamily Investments Market Report
      Fourth Quarter 2017 Portland Multifamily Investments Market Report
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  3. California

    1. Bay Area Multifamily Market Report
      Third Quarter 2018

      The Bay Area economy continues to experience upwards growth, fueled by the tech industry. Demand for housing remains strong, placing pressure on developers to deliver units, especially in urban areas. Average rental rates currently stand at a high $2,729 across all nine counties in the Bay Area, compared to $2,620 from the prior year.


      Downloads
      Third Quarter 2018 Bay Area Multifamily Investments Market Report
      Second Quarter 2018 Bay Area Multifamily Investments Market Report
      First Quarter 2018 Bay Area Multifamily Investments Market Report
      Fourth Quarter 2017 Bay Area Multifamily Investments Market Report
    2. Inland Empire Multifamily Market Report
      Fourth Quarter 2018










      Downloads
      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
      First Quarter 2018 Inland Empire Multifamily Investments Market Report
      Fourth Quarter 2017 Inland Empire Multifamily Investments Market Report
    3. Los Angeles Multifamily Market Report
      Fourth Quarter 2018










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










      Downloads
      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
      First Quarter 2018 Orange County Multifamily Investments Market Report
      Fourth Quarter 2017 Orange County Multifamily Investments Market Report
    5. Sacramento Multifamily Market Report
      Fourth Quarter 2018










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










      Downloads
      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
      First Quarter 2018 San Diego Multifamily Investments Market Report
      Fourth Quarter 2017 San Diego Multifamily Investments Market Report
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  4. Arizona

    1. Phoenix Multifamily Market Report
      Fourth Quarter 2018










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

    1. Reno Multifamily Market Report
      Fourth Quarter 2018










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

  1. Washington

    1. Seattle Office Market Report
      Fourth Quarter 2018

      On a national basis, the office market continues to see positive absorption, falling vacancy rates, and continued rent growth. There are a few regional exceptions, but the Puget Sound is definitely not one of those. The fourth quarter is typically slow in terms of leasing activity as companies are preoccupied with the holidays and year-end accounting. Not this year. The fourth quarter of 2018 saw regional absorption of 1.37 million square feet; more than 2017's annual total.

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

    1. Portland Office Market Report
      Third Quarter 2018

      Strong economic fundamentals such as near historical low levels of unemployment continue to drive development of the fast growing Portland office market. Direct vacancy dropped 20 basis points, and is far lower than the national average due to strong tenant demand outstripping the current supply. This is driving major development projects that are expected to increase the inventory of Portland's office market by 2.5% by the end of 2018. Q3 experienced less construction deliveries than in Q2, but the cumulative deliveries expected at the end of this year and beginning of next year should provide the additional build-to-suit space that many tenants in the market are looking to occupy.

      Downloads
      Third Quarter 2018 Portland Office Market Report
      Second Quarter 2018 Portland Office Market Report
      First Quarter 2018 Portland Office Market Report
      Fourth Quarter 2017 Portland Office Market Report
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  3. California

    1. Inland Empire Office Market Report
      Fourth Quarter 2018










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

      2018 was another banner year for Los Angeles's office sector. In fact, the market forces propelling the rebirth of the sector did not wane in any way; instead, they only quickened and further galvanized throughout the year. With Google, City National Bank, and ACCO Engineered Systems occupying a combined 640,000 square feet at year-end, net absorption was positive for the sixth consecutive quarter.

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

      The inner East Bay Office real estate market remained relatively stable in the third quarter of 2018, with vacancies staying put at 6.7%, and 200,654 s.f. of positive net absorption. Kidder Mathews represented the largest office lease transaction of the quarter, with Dynavax's lease of 57,778 s.f. in the Emeryville laboratory/office property at 5959 Horton Street. Rental rates increased slightly by 1.13% quarter-over-quarter, but are up 10.19% year-over-year. New deliveries totaled 265,000 s.f., but the development pipeline remains full with 1,171,261 s.f. still under construction. Despite climbing rents and low vacancy, the East Bay continues to attract value focused office tenants being priced out of the San Francisco market.

      Downloads
      Third Quarter 2018 Oakland/East Bay Office Market Report
      Second Quarter 2018 Oakland/East Bay Office Market Report
      First Quarter 2018 Oakland/East Bay Office Market Report
      Fourth Quarter 2017 Oakland/East Bay Office Market Report
    4. Orange County Office Market Report
      Fourth Quarter 2018

      The Orange County office market remains strong in 4Q18 as office demand continues to increase in lock-step with the heavy inflow of new supply. Direct vacancies settled at 9.5% this quarter with average rental rates increasing to $2.68/s.f. fully serviced, a year over year growth of 4.69%. The supply-demand fundamentals of the Orange County office market were such that even with over 1.0 million s.f. of high quality product arriving onto the market, they were able to command higher asking rates. Overall market economy and job growth has remained positive as the unemployment rate sits at 2.8%, 110 basis points (bps) lower than the state's average of 3.1%. Steady demand from the tech field, financial and business services, and now the life science industry has provided stability that was not present during the last cycle. With healthy fundamentals in place, we can expect consistent growth in the Orange County office market to remain robust moving into 2019.

      Downloads
      Fourth Quarter 2018 Orange County Office Market Report
      Third Quarter 2018 Orange County Office Market Report
      Second Quarter 2018 Orange County Office Market Report
      First Quarter 2018 Orange County Office Market Report
      Fourth Quarter 2017 Orange County Office Market Report
    5. Peninsula/San Mateo County Office Market Report
      Fourth Quarter 2018

      The San Francisco Peninsula closed out 2018 with rising direct rental rates, positive net absorption and increased tenant demand, particularly within the technology sector. Direct vacancy rates increased slightly to 8.9%, with average direct asking rental rates standing at $5.05/s.f. fully serviced. With nearly 2.8 million s.f. under construction on the Peninsula, San Mateo County remains a favorable market for tenants seeking a Bay Area presence.

      Downloads
      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
      First Quarter 2018 Peninsula/San Mateo County Office Market Report
      Fourth Quarter 2017 Peninsula/San Mateo County Office Market Report
    6. Sacramento Office Market Report
      Third Quarter 2018

      The office real estate market in the greater Sacramento area continued with a surge of leasing activity in the third quarter. With the continuous decline in direct and overall vacancy, the slight rise in lease rates is mirroring the demand of quality office space on the market. According to an article published by Costar, metro vacancy has dropped below the national level for the first time since 2004.

      Downloads
      Third Quarter 2018 Sacramento Office Market Report
      Second Quarter 2018 Sacramento Office Market Report
      First Quarter 2018 Sacramento Office Market Report
      Fourth Quarter 2017 Sacramento Office Market Report
    7. San Diego Office Market Report
      Fourth Quarter 2018

      The San Diego office real estate market ended the year with continued signs of a tightened market, as asking rental rates climb to a new all-time record high coupled with vacancy rates hovering just slightly above the record low from year end 2017 at 10.6%. With its prime location on California's southern coast, its geographic constraints and steady demand, vacancies in the county are holding steady. Although net absorption posted at a modest positive 101,000 square feet for the year, the foundation of San Diego's office market is still set on firm footing backed by a diverse employment base buoyed by tech, life sciences, and healthcare in a city that boasts one of the top high-tech and life science clusters in the country.

      Downloads
      Fourth Quarter 2018 San Diego Office Market Report
      Third Quarter 2018 San Diego Office Market Report
      Second Quarter 2018 San Diego Office Market Report
      First Quarter 2018 San Diego Office Market Report
      Fourth Quarter 2017 San Diego Office Market Report
    8. San Francisco Office Market Report
      Fourth Quarter 2018

      San Francisco's office market finished 2018 very strong, with tech giants leading the way once again. Google and Facebook signed on to leases that committed them to occupy over one million s.f. combined. This year saw over 3,125,180 s.f. of construction deliveries for San Francisco, which is the largest amount of newly constructed space in over 20 years. Demand continues to keep pace with deliveries, as direct vacancy ended the year at 3.95%. 2018 was a particularly remarkable year in this current bull market, finishing with decade highs in occupancy, net absorption, new deliveries, and direct rental rates.

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

      The Silicon Valley office property market remained active during the third quarter of 2018, with sales volume nearly doubling quarter-over-quarter. The market posted a positive 661,225 s.f. of net absorption, but this was less than half the positive absorption of the previous quarter. Santa Clara County's unemployment rate was still near record lows at 2.6% percent in August of 2018. Although there were no major deliveries occurring this quarter, there has been 3.5 million s.f. of new construction delivered this year, and 4.46 million s.f. under construction. The office market continues its robust run, and is poised to finish the year strong.

      Downloads
      Third Quarter 2018 Silicon Valley Office Market Report
      Second Quarter 2018 Silicon Valley Office Market Report
      First Quarter 2018 Silicon Valley Office Market Report
      Fourth Quarter 2017 Silicon Valley Office Market Report
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  4. Arizona

    1. Phoenix Office Market Report
      Fourth Quarter 2018

      2018 was another banner year for the Phoenix office market. By any measure, the sector is thriving and performing excellently. Even without including sublet space, occupancy demand exceeded 3.3 million square feet (msf) this year; in terms of leasing activity, although slightly below the 10 msf averaged over the past decade, 8.5 million square feet of space came off the market in 2018; direct vacancy declined more than 10% from this time last year, reaching a market wide rate of 12.5%, and, at $26.04 per square foot on an annualized basis, asking rental rates are the highest they have ever been in the recorded history of the market.

      Downloads
      Fourth Quarter 2018 Phoenix Office Market Report
      Third Quarter 2018 Phoenix Office Market Report
      Second Quarter 2018 Phoenix Office Market Report
      First Quarter 2018 Phoenix Office Market Report
      Fourth Quarter 2017 Phoenix Office Market Report
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  5. Nevada

    1. Reno Office Market Report
      Third Quarter 2018










      Downloads
      Third Quarter 2018 Reno Office Market Report
      Second Quarter 2018 Reno Office Market Report
      Fourth Quarter 2017 Reno Office Market Report
      Third Quarter 2017 Reno Office Market Report
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R&D Market Research/Reports

  1. California

    1. Silicon Valley R&D Market Report
      Third Quarter 2018

      The Silicon Valley R&D market continued its stable growth for another quarter. Net absorption ended the third quarter in firmly positive territory at 62,856 s.f., which was a large reversal of the second quarter's over 400K s.f. in negative net absorption. Vacancy dropped 30 basis points quarter-over-quarter, but is still up 30 basis points year-over-year. Despite little change in the vacancy rate, the 1,758,640 s.f. of gross absorption indicates that there is strong demand for R&D properties.

      Downloads
      Third Quarter 2018 Silicon Valley R&D Market Report
      Second Quarter 2018 Silicon Valley R&D Market Report
      First Quarter 2018 Silicon Valley R&D Market Report
      Fourth Quarter 2017 Silicon Valley R&D Market Report
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Retail Market Research/Reports

  1. Washington

    1. Seattle Retail Market Report
      Fourth Quarter 2018

      The retail market is extremely challenging. Developers are challenged by rising construction costs. Owners are challenged by rising interest rates and tenant turnover. Tenants are challenged by e-commerce, increasing occupancy and employee costs. Retailers in strong trade areas have difficulty finding employees. Customers are challenged for time and disposable income with high housing costs. The market is strong in Seattle and the Eastside, where most employment growth is occurring. The balance of the market is stable to slightly soft. There is positive absorption, measured new construction and a strong investment climate for daily needs anchored centers and single tenant net leased properties.

      Downloads
      Fourth Quarter 2018 Seattle Retail Market Report
      Third Quarter 2018 Seattle Retail Market Report
      Second Quarter 2018 Seattle Retail Market Report
      First Quarter 2018 Seattle Retail Market Report
      Fourth Quarter 2017 Seattle Retail Market Report
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  2. Oregon

    1. Portland Retail Market Report
      Third Quarter 2018

      Through three quarters of 2018 the retail market in Portland is fairing much better than the national retail sector due mostly to above average population growth, strong employment gains, and in migration of individuals and families with higher incomes. The vacancy rate for the third quarter fell 20 basis points quarter-over-quarter to 3.0%, while rental rates climbed to an average of $19.27 NNN, a 1.64% increase quarter-over-quarter. Leasing activity in Portland was down quarter-over-quarter as well as year-over-year, which mirrors most other retail markets.

      Downloads
      Third Quarter 2018 Portland Retail Market Report
      Second Quarter 2018 Portland Retail Market Report
      First Quarter 2018 Portland Retail Market Report
      Fourth Quarter 2017 Portland Retail Market Report
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  3. California

    1. Inland Empire Retail Market Report
      Fourth Quarter 2018










      Downloads
      Fourth Quarter 2018 Inland Empire Retail Market Report
      Third Quarter 2018 Inland Empire Retail Market Report
      Second Quarter 2018 Inland Empire Retail Market Report
      First Quarter 2018 Inland Empire Retail Market Report
      Fourth Quarter 2017 Inland Empire Retail Market Report
    2. Los Angeles Retail Market Report
      Fourth Quarter 2018










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









      Downloads
      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
      First Quarter 2018 Oakland/East Bay Retail Market Report
      Fourth Quarter 2017 Oakland/East Bay Retail Market Report
    4. Orange County Retail Market Report
      Fourth Quarter 2018










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









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










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










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










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










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

    1. Phoenix Retail Market Report
      Fourth Quarter 2018









      Downloads
      Fourth Quarter 2018 Phoenix Retail Market Report
      Third Quarter 2018 Phoenix Retail Market Report
      Second Quarter 2018 Phoenix Retail Market Report
      First Quarter 2018 Phoenix Retail Market Report
      Fourth Quarter 2017 Phoenix Retail Market Report
    Back to top
  5. Nevada

    1. Reno Retail Market Report
      Fourth Quarter 2018










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