Fourth Quarter 2010 US Industrial Statistics

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EGS Commercial Real Estate/Cushman and Wakefield Alliance Fourth Quarter 2010 US Industrial Statistics

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Fourth Quarter 2010 US Industrial Statistics

  1. 1. U.S. Industrial Market Statistics 4Q10 Overall Vacancy Rates 4Q10 Birmingham, AL* 23.7% Cincinnati, OH* 22.6% SWFL (Fort Myers, FL)* 18.6% Boston, MA 18.4% Detroit, MI* 18.1% Austin, TX* 18.1% Fredericksburg, VA* 17.6% SWFL (Naples, FL)* 17.4% Savannah, GA* 16.3% Memphis, TN* 15.3% Phoenix, AZ 15.2% Northern VA 15.1% Hartford, CT 14.7% Las Vegas, NV* 14.6% Binghamton, NY* 14.6% Orlando, FL 14.5% Nashville, TN* 13.9% Dallas/Ft. Worth TX 13.5% Roanoke, VA* 13.4% San Antonio, TX* 13.3% Long Island NY 13.0% Suburban MD 13.0% Silicon Valley, CA 13.0% Contra Costa, CA 12.9% Minneapolis, MN 12.4% Jacksonville, FL 12.2% Bellevue, WA* 12.1% PA I-81/I-78 Distribution Corridor 12.0% Syracuse, NY* 12.0% Columbus, OH* 11.7% New Jersey - Central 11.6% Atlanta, GA 11.6% Buffalo, NY* 11.5% Baltimore, MD 11.3% Oklahoma City, OK* 11.3% Richmond, VA* 11.2% Tucson, AZ* 11.1% Inland Empire CA 11.0% Chicago, IL 11.0% Rochester, NY* 10.9% Seattle, WA* 10.8% New Jersey - Northern 10.6% San Diego, CA 10.5% Indianapolis, IN* 10.5% National U.S. 10.3% Oakland, CA 10.1% Houston, TX 9.9% Milwaukee, WI* 9.5% Hampton Roads, VA* 9.5% Tampa, FL 9.4% Cleveland, OH* 9.4% Pittsburgh, PA* 9.2% Palm Beach, FL 9.0% Ft. Lauderdale, FL 8.9% Tulsa, OK* 8.9% SF Peninsula, CA 8.7% Louisville, KY* 8.4% St. Louis, MO* 8.3% St. Petersburg/Clearwater, FL 8.2% Philadelphia, PA 8.2% Denver, CO 8.0% Miami, FL 7.9% Salt Lake City, UT* 7.8% Kansas City, MO* 7.5% Portland, OR 7.0% Orange County, CA 6.7% Lakeland, FL 5.5% Greater Los Angeles 5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0%*C&W alliance market
  2. 2. U.S. Industrial Market Statistics 4Q10 Direct Net Asking Rental Rates 4Q10 Memphis, TN* $2.53 Cincinnati, OH* $2.84 Columbus, OH* $3.28 Indianapolis, IN* $3.43 Louisville, KY* $3.47 Syracuse, NY* $3.50 Cleveland, OH* $3.74 St. Louis, MO* $3.78 Atlanta, GA $3.81 Savannah, GA* $3.89 PA I-81/I-78 Distribution Corridor $3.92 Jacksonville, FL $4.00 Milwaukee, WI* $4.05 Dallas/Ft. Worth TX $4.07 Chicago, IL $4.09 Inland Empire CA $4.15 Lakeland, FL $4.16 Nashville, TN* $4.18 Birmingham, AL* $4.23 Oklahoma City, OK* $4.25 Richmond, VA* $4.26 Binghamton, NY* $4.26 Buffalo, NY* $4.32 Detroit, MI* $4.63 Tucson, AZ* $4.65 Tulsa, OK* $4.68 Houston, TX $4.69 Hartford, CT $4.83 Baltimore, MD $4.96 Roanoke, VA* $5.01 Philadelphia, PA $5.10 Seattle, WA* $5.18 Rochester, NY* $5.25 Minneapolis, MN $5.30 Oakland, CA $5.33 SWFL (Fort Myers, FL)* $5.34 Denver, CO $5.36 Miami, FL $5.37 New Jerey - Central $5.45 Hampton Roads, VA* $5.48 Tampa, FL $5.49 National U.S. $5.51 Salt Lake City, UT* $5.53 San Antonio, TX* $5.56 Portland, OR $5.57 Orlando, FL $5.60 St. Petersburg/Clearwater, FL $5.90 Boston, MA $6.08 Greater Los Angeles $6.10 New Jersey - Northern $6.19 Kansas City, MO* $6.37 Long Island NY $6.46 SWFL (Naples, FL)* $6.57 Austin, TX* $6.72 Las Vegas, NV* $6.84 Phoenix, AZ $6.84 Palm Beach, FL $6.89 Pittsburgh, PA* $7.01 Ft. Lauderdale, FL $7.10 Orange County, CA $7.37 Fredericksburg, VA* $7.89 Contra Costa, CA $9.00 Suburban MD $9.62 Northern VA $9.91 San Diego, CA $10.08 Bellevue, WA $10.32 Silicon Valley, CA $10.86 San Francisco Peninsula, CA $13.93 $0.00 $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 (psf/yr)Asking rents include all industrial property types, weighted calculation for vacant spaces available on a direct basis
  3. 3. U.S. Industrial Market Statistics 4Q10 2010 Leasing Activity Binghamton, NY* 0.1 Roanoke, VA* 0.1 Buffalo, NY* 0.3 Fredericksburg, VA* 0.4 Lakeland, FL 0.6 Hartford, CT 0.7 Contra Costa, CA 0.7 St. Petersburg/Clearwater, FL 0.7 Savannah, GA* 0.8 Syracuse, NY* 0.9 Palm Beach, FL 1.0 Suburban MD 1.0 Tucson, AZ* 1.0 Northern VA 1.5 San Antonio, TX* 1.7 Bellevue, WA* 1.9 Tampa, FL 2.2 Hampton Roads, VA* 2.3 Milwaukee, WI* 2.5 Richmond, VA* 2.7 San Francisco Peninsula, CA 2.7 Jacksonville, FL 2.8 Columbus, OH* 2.8 Pittsburgh, PA* 2.8 Long Island NY 3.1 Orlando, FL 3.1 Louisville, KY* 3.2 Cleveland, OH* 3.3 Cincinnati, OH* 3.3 Ft. Lauderdale, FL 3.7 Kansas City, MO* 3.8 Salt Lake City, UT* 3.9 Boston, MA 4.1 Portland, OR 4.3 Nashville, TN* 4.5 Miami, FL 5.1 Seattle, WA* 5.1 New Jersey - Northern 5.5 Philadelphia, PA 5.6 St. Louis, MO* 6.1 Oakland, CA 6.5 Baltimore, MD 6.6 Memphis, TN* 6.8 New Jersey - Central 7.3 Indianapolis, IN* 7.6PA I-81/I-78 Distribution Corridor 7.8 Phoenix, AZ 8.9 Las Vegas, NV* 9.1 San Diego, CA 10.2 Denver, CO 10.3 Silicon Valley, CA 11.0 Orange County, CA 13.1 Houston, TX 14.7 Atlanta, GA 15.2 Dallas/Ft. Worth TX 19.0 Inland Empire CA 24.7 Chicago, IL 27.4 Greater Los Angeles 37.7 0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 Million Square Feet
  4. 4. U.S. Industrial Market Statistics 4Q10 2010 Construction Completions Richmond, VA* 0.04 Oklahoma City, OK* 0.06 Tucson, AZ* 0.08 Kansas City, MO* 0.08 Silicon Valley, CA 0.09 Syracuse, NY* 0.09 Long Island NY 0.1 Ft. Lauderdale, FL 0.1 Hampton Roads, VA* 0.1 St. Louis, MO* 0.1 Miami, FL 0.2 Hartford, CT 0.2 Orlando, FL 0.2 San Diego, CA 0.2 Detroit, MI* 0.2 Jacksonville, FL 0.2 Pittsburgh, PA* 0.3 Indianapolis, IN* 0.3 Baltimore, MD 0.3 Denver, CO 0.3 Milwaukee, WI* 0.4 Seattle, WA* 0.4 New Jersey - Northern 0.4 Philadelphia, PA 0.5 Orange County, CA 0.5 Portland, OR 0.5 Greater Los Angeles 0.5 Savannah, GA* 0.6 Salt Lake City, UT* 0.6 Louisville, KY* 0.8 Cleveland, OH* 0.9 Nashville, TN* 0.9 Dallas/Ft. Worth TX 1.0 Houston, TX 1.1 Phoenix, AZ 1.2 Chicago, IL 1.5 Inland Empire CA 1.6PA I-81/I-78 Distribution Corridor 2.2 Atlanta, GA 3.0 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 Million Square Feet If a market is not listed in the graph, then no activity was reported in 2010.
  5. 5. U.S. Industrial Market Statistics 4Q10 Projects Under Construction Fredericksburg, VA* 0.02 St. Petersburg/Clearwater, FL 0.03 San Antonio, TX* 0.06 Oklahoma City, OK* 0.07 Hampton Roads, VA* 0.07 Suburban MD 0.08 Tampa, FL 0.09 Savannah, GA* 0.1 Northern VA 0.1 Contra Costa, CA 0.1 Pittsburgh, PA* 0.2 San Diego, CA 0.2 Tulsa, OK* 0.2 St. Louis, MO* 0.2 Jacksonville, FL 0.3 Phoenix, AZ 0.3 Cleveland, OH* 0.3 Louisville, KY* 0.3 Detroit, MI* 0.3 Long Island NY 0.3 New Jersey - Northern 0.4 Lakeland, FL 0.4PA I-81/I-78 Distribution Corridor 0.5 Houston, TX 0.6 Denver, CO 0.6 Milwaukee, WI* 0.7 New Jersey - Central 0.7 Salt Lake City, UT* 0.9 Silicon Valley, CA 0.9 Philadelphia, PA 1.0 Las Vegas, NV* 1.0 Kansas City, MO* 1.1 Atlanta, GA 1.3 Greater Los Angeles 1.4 Indianapolis, IN* 1.6 Dallas/Ft. Worth TX 1.6 Nashville, TN* 2.1 Inland Empire CA 2.4 Chicago, IL 2.9 0.0 0.3 0.5 0.8 1.0 1.3 1.5 1.8 2.0 2.3 2.5 2.8 3.0 Million Square Feet If a market is not listed in the graph, then no activity was reported in 2010.

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