The document summarizes the Q4 2014 office market report for San Francisco. Key points include:
- The vacancy rate remained flat at 7.5% due to new construction, though it has decreased 51% since 2010.
- Leasing activity was strong with 1.5 million sq ft leased in Q4 and a total of 8.1 million sq ft for the year, exceeding the annual average.
- The market posted its 18th consecutive quarter of positive absorption, with over 257,000 sq ft absorbed in Q4 and a total of 2.8 million sq ft for the year.
- Average rents increased to $64.79 per sq ft, a 16.2% increase from
JLL Pittsburgh Office Outlook - Q4 2015Andrew Batson
JLL's Pittsburgh Office Outlook identifies the top trends driving the local real estate market. The report also includes an analysis of market statistics, leasing activity, notable sales transactions and economic conditions.
The document summarizes the Q3 2021 real estate market report for Pittsburgh, Pennsylvania. It finds that new leasing is slowly recovering as more companies begin returning to offices, representing 81% of 2020 levels. However, net absorption remains negative as the recovery remains gradual. Asking rental rates have increased slightly by 2.4% year-over-year as new construction delivers at higher prices. Tenants continue pursuing newer, higher-quality buildings in desirable locations like the Strip District. New construction has lagged pre-pandemic levels, which will constrain supply growth over the next year.
The document summarizes the 3Q08 results conference call for Rossi Residencial S.A. It discusses the company's strengths, highlights, launches, sales, land bank, financial performance, indebtedness, and new guidance for 2008-2009. Key points include R$720 million in launches in 3Q08, R$702 million in contracted sales, R$19.4 billion potential PSV in land bank, 39.3% gross margin, R$58 million EBITDA, and a capital increase supported by controlling shareholders to strengthen the balance sheet.
The Greater Cincinnati office market continued slowing in Q4 2012, with net absorption of -320,686 sq ft and vacancy rising to 20.03%. The Central Business District saw a small increase in positive absorption but not enough to offset the year's negative total. Most negative absorption occurred in the suburbs, pushing the suburban vacancy rate to 21.01%. Developers are starting to market and plan new construction projects as uncertainty from the previous year dissipates.
While institutional investors have primarily invested in suburban office assets over the past six quarters, the downtown office market is expected to see a shift in this trend over the second half of 2016. Several large downtown assets are currently listed for sale, which could attract more institutional investment to the urban core. Large blocks of vacant office space have become available in the northern suburbs due to relocations, shifting leverage towards tenants looking in those areas. However, strong leasing activity is projected to continue filling the space. Speculative development projects are moving from build-to-suit to filling the suburban pipeline, reflecting increased tenant demand outside of the downtown area.
JLL Pittsburgh Office Outlook - Q4 2015Andrew Batson
JLL's Pittsburgh Office Outlook identifies the top trends driving the local real estate market. The report also includes an analysis of market statistics, leasing activity, notable sales transactions and economic conditions.
The document summarizes the Q3 2021 real estate market report for Pittsburgh, Pennsylvania. It finds that new leasing is slowly recovering as more companies begin returning to offices, representing 81% of 2020 levels. However, net absorption remains negative as the recovery remains gradual. Asking rental rates have increased slightly by 2.4% year-over-year as new construction delivers at higher prices. Tenants continue pursuing newer, higher-quality buildings in desirable locations like the Strip District. New construction has lagged pre-pandemic levels, which will constrain supply growth over the next year.
The document summarizes the 3Q08 results conference call for Rossi Residencial S.A. It discusses the company's strengths, highlights, launches, sales, land bank, financial performance, indebtedness, and new guidance for 2008-2009. Key points include R$720 million in launches in 3Q08, R$702 million in contracted sales, R$19.4 billion potential PSV in land bank, 39.3% gross margin, R$58 million EBITDA, and a capital increase supported by controlling shareholders to strengthen the balance sheet.
The Greater Cincinnati office market continued slowing in Q4 2012, with net absorption of -320,686 sq ft and vacancy rising to 20.03%. The Central Business District saw a small increase in positive absorption but not enough to offset the year's negative total. Most negative absorption occurred in the suburbs, pushing the suburban vacancy rate to 21.01%. Developers are starting to market and plan new construction projects as uncertainty from the previous year dissipates.
While institutional investors have primarily invested in suburban office assets over the past six quarters, the downtown office market is expected to see a shift in this trend over the second half of 2016. Several large downtown assets are currently listed for sale, which could attract more institutional investment to the urban core. Large blocks of vacant office space have become available in the northern suburbs due to relocations, shifting leverage towards tenants looking in those areas. However, strong leasing activity is projected to continue filling the space. Speculative development projects are moving from build-to-suit to filling the suburban pipeline, reflecting increased tenant demand outside of the downtown area.
The document summarizes commercial real estate market trends in Austin, TX in Q3 2021. Key points include:
- Vacancy rates decreased slightly to 19.2% while net absorption was positive at 705K SF
- Strong demand driven by corporate expansions and relocations is fueling investment in Austin commercial real estate
- Average citywide lease rates increased slightly to $46.16/SF, with higher rates in prime locations
- Over 4.5M SF of new construction is underway to meet continuing strong demand in the market
JLL Downtown Chicago Office Market Update - Q3 2016Hailey Harrington
Chicago's shifting supply and demand. River North Inventory increases 4.2 million square feet of new product as tech tenant demand driving conversions to office due to limited supply.
JLL Detroit Office Insight & Statistics – Q2 2016Aaron Moore
The quagmire persists – high demand and not enough supply. CBD vacancy rates for the second quarter were 14.5 percent as office construction has come to a virtual halt.
The COVID-19 pandemic has impacted the Pittsburgh office market. Less than 1% of office inventory was made available through subleases in Q2 2020 as leasing activity declined but started to return to normal levels in June. While over 500,000 square feet of net absorption was negative due to sublease space and slowed leasing, construction of speculative office projects resumed as restrictions were lifted. Demand remains for new construction focusing on health and safety, and the local economy is expected to start regaining footing in the coming months, though 2020 activity may lag previous years.
YTD net absorption across the Pittsburgh office market was 209,030 square feet. Vacancy increased to 16.8% due to SAP Ariba vacating 109,000 square feet in the CBD. While leasing activity has been consistent, new construction has captured most demand, putting downward pressure on asking rents for existing properties. Landlords are enhancing amenities to compete, and over 450,000 square feet of positive absorption has occurred in renovated properties since 2016.
Pittsburgh's industrial market continues to see strong demand in 2021, with record net absorption and declining vacancy rates. While new construction projects are expected to deliver over 2 million square feet of new space in the next year, nearly half of all new construction is occurring in the West submarket to address the robust demand. Manufacturing activity has also increased, with several new facilities planned or under construction. Investor optimism remains high despite rising construction costs, as developers work to meet the need for industrial space in the Pittsburgh area.
The Cincinnati office market saw positive net absorption of over 285,000 square feet in the first quarter of 2016. Class B properties absorbed the most space at over 140,000 square feet, while Class A absorbed over 119,000 square feet. The submarket with the highest absorption was Tri County, absorbing just over 72,000 square feet. The overall vacancy rate for the Cincinnati office market is currently 18.3%, declining from 20% at the start of 2015. Office investment in Cincinnati has increased, with out-of-town private capital groups and equity funds investing in the market.
This document provides an overview of residential and commercial real estate trends in the Capital Region and nationally. For residential real estate, it summarizes data on housing sales, permits, affordability, inventory and prices. It also shows migration patterns to and from the Albany area. For commercial real estate, it provides data on industrial and office space inventory, vacancy rates and lease rates. Overall, it presents a picture of a strong but slowing residential market nationally and a tight industrial market regionally.
Austin's office market continues to see strong growth in 2014, with over 2.4 million square feet under construction. In Q2 2014, Austin posted positive net absorption of 85,623 square feet. The average citywide rental rate increased 0.9% over the quarter to $27.77 per square foot. The local economy is forecast to add 68,000 to 72,000 new jobs in 2014, which will help drive further growth in the office market.
The Pittsburgh office market had quite the summer in 2018. More tenants flock to the urban core, 420 Boulevard of the Allies sold, and District Fifteen is fully leased before delivering.
- Austin's office market posted the highest ever positive net absorption of 902,046 square feet in Q4 2015, with five new buildings delivering 676,904 square feet of space.
- Vacancy rates continued to decline across the city, with the CBD seeing the largest drop to 6.8% vacancy.
- Rental rates increased slightly citywide and in the CBD, while job growth and absorption remained strong as Austin's economy thrives.
Q4 2015 Austin Office Market Research & Forecast ReportLisa Bridges
- Austin's office market posted the highest positive net absorption ever recorded in Q4 2015 at 902,046 square feet. Five new buildings totaling 676,904 square feet delivered, with 1.579 million square feet currently under construction.
- The citywide average rental rate increased slightly to $30.71 per square foot, while Class A CBD rental rates rose 1.4% to $44.36 per square foot. Vacancy rates continued declining, with the CBD rate falling to 6.8%.
- Austin's unemployment rate of 3.3% remains below state and national averages, and job growth in Austin increased 3.9% annually, significantly higher than state and national averages.
The majority of office leasing activity in Midtown Toronto involves tenants in the 1,000-5,000 square foot range relocating. Vacancy has risen slightly in Midtown overall and in the Yonge-Eglinton submarket specifically. Absorption has been negative in Yonge-Eglinton recently due to heightened leasing activity that will impact absorption positively over the next few quarters.
The document provides an in-depth analysis of the Q4 2020 Columbus office market. It summarizes that construction and preleasing activity indicate developers and users expect reentry in 2021 after the impacts of COVID-19. Specifically, it notes three new speculative buildings broke ground totaling 489,000 square feet, with some preleasing. Vacancy rose to 19.3% due to negative absorption, but asking rents increased over $1 per square foot despite the challenging conditions. The outlook anticipates continued increases in rents and concessions alongside upcoming speculative deliveries.
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
The third quarter saw the delivery of the downtown streetcar and the GE Global Operations Center at the banks, both projects were two of Cincinnati’s most highly anticipated deliveries in years. Developers continued to cautiously move forward with planned projects as they look to land large users for preleasing before they begin construction.
New development is multiplying in the Fringe and Oakland / East End submarket. Demand from the technology industry continues to brew. However, leasing activity has not yet brought absorption back to positive.
MIRENA LAWSUITS are on the rise across the US in 2013. This is a result of over 45,000 adverse events being reported to the FDA from use of the hormone releasing IUD. This is a presentation I prepared to give in San Diego, California in March 2013 as part of a panel of faculty discussing the growing litigation.
The document summarizes commercial real estate market trends in Austin, TX in Q3 2021. Key points include:
- Vacancy rates decreased slightly to 19.2% while net absorption was positive at 705K SF
- Strong demand driven by corporate expansions and relocations is fueling investment in Austin commercial real estate
- Average citywide lease rates increased slightly to $46.16/SF, with higher rates in prime locations
- Over 4.5M SF of new construction is underway to meet continuing strong demand in the market
JLL Downtown Chicago Office Market Update - Q3 2016Hailey Harrington
Chicago's shifting supply and demand. River North Inventory increases 4.2 million square feet of new product as tech tenant demand driving conversions to office due to limited supply.
JLL Detroit Office Insight & Statistics – Q2 2016Aaron Moore
The quagmire persists – high demand and not enough supply. CBD vacancy rates for the second quarter were 14.5 percent as office construction has come to a virtual halt.
The COVID-19 pandemic has impacted the Pittsburgh office market. Less than 1% of office inventory was made available through subleases in Q2 2020 as leasing activity declined but started to return to normal levels in June. While over 500,000 square feet of net absorption was negative due to sublease space and slowed leasing, construction of speculative office projects resumed as restrictions were lifted. Demand remains for new construction focusing on health and safety, and the local economy is expected to start regaining footing in the coming months, though 2020 activity may lag previous years.
YTD net absorption across the Pittsburgh office market was 209,030 square feet. Vacancy increased to 16.8% due to SAP Ariba vacating 109,000 square feet in the CBD. While leasing activity has been consistent, new construction has captured most demand, putting downward pressure on asking rents for existing properties. Landlords are enhancing amenities to compete, and over 450,000 square feet of positive absorption has occurred in renovated properties since 2016.
Pittsburgh's industrial market continues to see strong demand in 2021, with record net absorption and declining vacancy rates. While new construction projects are expected to deliver over 2 million square feet of new space in the next year, nearly half of all new construction is occurring in the West submarket to address the robust demand. Manufacturing activity has also increased, with several new facilities planned or under construction. Investor optimism remains high despite rising construction costs, as developers work to meet the need for industrial space in the Pittsburgh area.
The Cincinnati office market saw positive net absorption of over 285,000 square feet in the first quarter of 2016. Class B properties absorbed the most space at over 140,000 square feet, while Class A absorbed over 119,000 square feet. The submarket with the highest absorption was Tri County, absorbing just over 72,000 square feet. The overall vacancy rate for the Cincinnati office market is currently 18.3%, declining from 20% at the start of 2015. Office investment in Cincinnati has increased, with out-of-town private capital groups and equity funds investing in the market.
This document provides an overview of residential and commercial real estate trends in the Capital Region and nationally. For residential real estate, it summarizes data on housing sales, permits, affordability, inventory and prices. It also shows migration patterns to and from the Albany area. For commercial real estate, it provides data on industrial and office space inventory, vacancy rates and lease rates. Overall, it presents a picture of a strong but slowing residential market nationally and a tight industrial market regionally.
Austin's office market continues to see strong growth in 2014, with over 2.4 million square feet under construction. In Q2 2014, Austin posted positive net absorption of 85,623 square feet. The average citywide rental rate increased 0.9% over the quarter to $27.77 per square foot. The local economy is forecast to add 68,000 to 72,000 new jobs in 2014, which will help drive further growth in the office market.
The Pittsburgh office market had quite the summer in 2018. More tenants flock to the urban core, 420 Boulevard of the Allies sold, and District Fifteen is fully leased before delivering.
- Austin's office market posted the highest ever positive net absorption of 902,046 square feet in Q4 2015, with five new buildings delivering 676,904 square feet of space.
- Vacancy rates continued to decline across the city, with the CBD seeing the largest drop to 6.8% vacancy.
- Rental rates increased slightly citywide and in the CBD, while job growth and absorption remained strong as Austin's economy thrives.
Q4 2015 Austin Office Market Research & Forecast ReportLisa Bridges
- Austin's office market posted the highest positive net absorption ever recorded in Q4 2015 at 902,046 square feet. Five new buildings totaling 676,904 square feet delivered, with 1.579 million square feet currently under construction.
- The citywide average rental rate increased slightly to $30.71 per square foot, while Class A CBD rental rates rose 1.4% to $44.36 per square foot. Vacancy rates continued declining, with the CBD rate falling to 6.8%.
- Austin's unemployment rate of 3.3% remains below state and national averages, and job growth in Austin increased 3.9% annually, significantly higher than state and national averages.
The majority of office leasing activity in Midtown Toronto involves tenants in the 1,000-5,000 square foot range relocating. Vacancy has risen slightly in Midtown overall and in the Yonge-Eglinton submarket specifically. Absorption has been negative in Yonge-Eglinton recently due to heightened leasing activity that will impact absorption positively over the next few quarters.
The document provides an in-depth analysis of the Q4 2020 Columbus office market. It summarizes that construction and preleasing activity indicate developers and users expect reentry in 2021 after the impacts of COVID-19. Specifically, it notes three new speculative buildings broke ground totaling 489,000 square feet, with some preleasing. Vacancy rose to 19.3% due to negative absorption, but asking rents increased over $1 per square foot despite the challenging conditions. The outlook anticipates continued increases in rents and concessions alongside upcoming speculative deliveries.
Austin's industrial market posted negative net absorption in Q1 2019, though several large tenants occupied significant space. Average rental rates increased slightly citywide while flex/R&D rates increased significantly. New construction activity remained high with over 1.7 million square feet under construction, including six new buildings in Phase II of Park 183. Absorption was positive in some submarkets and negative in others, with the largest decreases occurring in the Southeast.
The third quarter saw the delivery of the downtown streetcar and the GE Global Operations Center at the banks, both projects were two of Cincinnati’s most highly anticipated deliveries in years. Developers continued to cautiously move forward with planned projects as they look to land large users for preleasing before they begin construction.
New development is multiplying in the Fringe and Oakland / East End submarket. Demand from the technology industry continues to brew. However, leasing activity has not yet brought absorption back to positive.
MIRENA LAWSUITS are on the rise across the US in 2013. This is a result of over 45,000 adverse events being reported to the FDA from use of the hormone releasing IUD. This is a presentation I prepared to give in San Diego, California in March 2013 as part of a panel of faculty discussing the growing litigation.
The document outlines the 6 standards for school administrators known as the ISLLC Standards. It then provides a list of activities conducted by an administrator to demonstrate how they promote student success in accordance with the standards. The administrator facilitated professional development, ensured effective operations and resources, collaborated with families and the community, acted ethically, and understood the broader context influencing education. Many of the activities occurred during days shadowing vice-principals and a principal to experience their roles.
This curriculum vitae outlines Shaun Little's educational and professional experiences. He holds an Ed.D from Temple University in Educational Leadership and Policy Studies and has over 15 years of experience as a middle school social studies teacher. His professional experiences also include administrative roles such as chairing committees and coordinating educational programs. He maintains active involvement in professional organizations and has received several honors and awards for his work in education.
This document provides information about Seattle Fashion Week 2015 including show schedules, participating designers, and background on Seattle Fashion Week. The schedules list designer shows on June 11th-13th at Emerald City Trapeze Arts. Brief bios describe each designer and their brands, focusing on their inspirations, styles, and websites. Additional sections provide background on Seattle's fashion industry and designers participating in Seattle Fashion Week.
School administration practicum_portfolio2_-_fall_2010_-_spring_2011 (1)moorejb
The artifacts summarize a study conducted by the Social Studies department at Benjamin Banneker Middle School to analyze the effectiveness of the co-teaching model for special education students. Assessment scores from three marking periods were collected and analyzed to determine if the co-teaching model had a greater impact on male or female students' achievement. The results showed that most special education students were performing below average, though students believed the co-teaching model positively impacted their learning. The data will be used to improve instructional practices and class structures to better support special education students.
Indian Open Technology Alliance Impact ProjectsArunkumar K.R.
The document discusses the potential of open source hardware and open technology platforms in India. It notes that India is dropping in innovation indices and faces challenges in areas like employment, skills, and competitiveness in manufacturing. The Indian Open Technology Alliance (IOTA) is introduced as a platform to propose, collaborate on, build, and share open source hardware projects under a free license. Some potential high-impact projects are listed in areas like agriculture machinery, renewable energy, and healthcare. The document argues that embracing open source hardware can help address India's problems by empowering communities and accelerating innovation. Coimbatore is highlighted as a potential starting point for IOTA due to its industrial strengths.
The document analyzes Boston Beer Co. Inc.'s potential to enter the Japanese market. It summarizes the company's products, competitive advantages in the US market, and goals for international expansion. It then provides an analysis of Japan's population, economy, political system, and regulations regarding foreign businesses and advertising. The document concludes the Japanese market presents an opportunity for Boston Beer due to similarities in beer drinking culture and Japan's large, urban population with disposable income.
This document is a Form S-1/A filing by Fitbit Inc. with the Securities and Exchange Commission for an initial public offering of its Class A common stock. Fitbit is seeking to issue 22,387,500 shares of Class A common stock in the IPO and certain stockholders are selling an additional 12,112,500 shares. Fitbit will not receive any proceeds from the stock sold by the stockholders. The anticipated price range for the IPO is between $17-19 per share. Fitbit has two classes of common stock, Class A and Class B, with identical rights except that Class B shares have ten votes per share while Class A shares have one vote per share. Upon completion of the I
Fitbit was founded in 2007 in San Francisco by James Park and Eric Friedman. They launched their first fitness tracker to take advantage of the emerging mobile health market, as James was inspired by the success of the Nintendo Wii and its fitness games. By 2013, Fitbit had captured 68% of the fitness tracker market and a valuation of over $300 million, selling more devices than Nike and Jawbone combined through an affordable, easy-to-use product line and strategy of empowering users to improve their health.
This document discusses the need for local and urban farming in India to ensure food, water, health and social security. It notes that rapid urbanization is reducing agricultural lands and argues for adopting vertical farming techniques. Vertical farming allows for local food production, reducing "food miles" and reliance on imports. It also discusses issues around India's water and energy security given its reliance on unstable sources in the Middle East. Adopting localized farming practices can help address these challenges.
The document provides an analysis of Boston Beer Company conducted by a group of students. It includes an overview of the company's history and financials. The group values Boston Beer at $63.38 per share based on a discounted cash flow analysis and recommends investors hold their positions, though note increased competition may hinder growth given market stagnation in the industry. Sensitivity analyses show valuations ranging from $52.54 to $77.07 per share depending on scenarios for revenue, costs and growth rates.
Jamba Juice is developing a new campaign to increase sales and brand awareness as competition rises. The goals are to increase sales by 10% among 16-35 year olds with a $35,000 budget combining traditional and guerrilla marketing. A second goal is to boost brand awareness against competitors in smoothies and specialty beverages like Starbucks. The campaign will target young, health-conscious consumers who drink smoothies and coffee daily.
MOR 492 Global Strategy- Jamba Juice in China Vincent Tsao
Analysis of whether Jamba Juice should enter China
MOR 492
1. Ariel Furman
2. Tuomas Kuusela
3. Anna Lin
4. Jessie Rubio
5. Vincent Tsao
6. Jan Dong Vejdiksen
This document discusses adrenergic agonists and antagonists that affect the sympathetic and parasympathetic nervous systems. It describes the main uses and adverse effects of selective and non-selective adrenergic agonists as well as adrenergic antagonists. Specifically, it discusses drugs like epinephrine, phenylephrine, clonidine, isoproterenol, dobutamine, albuterol, salmeterol, formoterol, yohimbine, reserpine, cocaine, methamphetamine, amphetamine, and various beta blockers. It provides information on their mechanisms of action, locations of adrenergic receptors, and controversies regarding their use and safety.
Houston's office market saw small improvements in Q1 2019, with vacancy rates declining slightly and positive net absorption of 724,000 SF. Leasing activity decreased from the previous quarter while rental rates increased. Job growth in Houston increased by 2.4% over the year, with gains in sectors like mining support, durable goods manufacturing, and construction.
The document summarizes Houston's office market performance in Q1 2018. Key points include:
- The overall vacancy rate increased to 20.1% due to large companies vacating space after layoffs and mergers, resulting in 1.5 million square feet of negative absorption.
- Sublease availability increased back above 9.0 million square feet due to space returned to the market during the energy downturn.
- Rental rates saw small decreases across classes and markets, with the average Class A rate at $34.91 per square foot.
- Leasing activity decreased 32% from the previous quarter while investment sales dropped slightly over the year.
Investment activity returned to Louisville as two high-profile office assets traded hands to end the year, reaffirming investor confidence in the market. The downtown office market notched another significant win as Computershare announced a ten year, 1,100 job hiring increase that will result in an expansion of 100,000 square feet in Meidinger tower. As newly delivered Class A product is be absorbed within the market, Class B space continues to lag behind as asking rates are decreasing.
JLL Detroit Office Insight & Statistics - Q4 2018Harrison West
The fourth quarter of 2018 was highlighted by yet another high-profile groundbreaking, as Bedrock began work on the Monroe Blocks development, a mixed-use project totaling over 1.4 million square feet that will bring approximately 847,000 square feet to the CBD office inventory. Market-wide, total vacancy fell by 60 basis points to 20.2 percent as 149,007 square feet was absorbed, while average asking rents rose by 1.0 percent up to $19.85 per square foot.
JLL just released the Q1 Chicago Suburbs Office Outlook. The report has some great insight into recent market activity and provides a forecast for the year ahead.
JLL Grand Rapids Office Insight & Statistics - Q3 2018Harrison West
Overall vacancy in the Grand Rapids metro is currently 10.2 percent, down 2.1 percent year-over-year. Asking rents downtown seem to have leveled off this year, consistently hovering around $20.00 per-square-foot each quarter and currently sitting at $20.45 per-square-foot. There are 174,000 square feet of office space under construction, most of which is in the Warner Building development, set to deliver in early 2019.
The Chicago downtown office market saw steady activity in Q2 2016. Vacancy declined to 11.9% while availability increased to 17.4% due to an influx of sublease space. Net absorption was 262,177 SF aided by major moves from ConAgra and ACGME. Rental rates remained stable. New developments delivered space and McDonald's announced plans to relocate 390,000 SF to 110 N Carpenter St in 2018. Investment sales slowed after a record 2015, though Sullivan Center sold for $283/SF. The market is expected to remain strong in H2 2016 with high absorption driving down vacancy further.
Office transaction volume in 2015 was $146 billion, up 16% year-over-year. Mega-deals involving portfolio and entity-level sales drove much of the growth, increasing 36% and accounting for $40.6 billion in transactions. Foreign investment reached new highs and contributed to the rise in mega-deals. Commercial property prices increased 14% overall according to preliminary estimates, though price growth has begun to moderate as capitalization rates hit floors. Transaction volume grew faster for suburban assets, up 26% to $78.9 billion, while central business district asset sales rose only 6% to $66.9 billion.
JLL Grand Rapids Office Insight & Statistics - Q2 2019Harrison West
- The Grand Rapids office market continued to see strong fundamentals in Q2 2019, with market-wide vacancies falling to 9.3% and average asking rents increasing 6.4% year-over-year to $19.18 per square foot. Renovations of 37 Ottawa were completed, providing 90,000 square feet of new Class A space downtown. Spectrum Health announced plans to consolidate several leases into a new building by 2022, while other companies made moves within the market.
JLL Grand Rapids Office Insight & Statistics - Q3 2019Harrison West
While rent growth has leveled off in the Grand Rapids office market, vacancies compressed further in the third quarter. Average asking rents are $18.74 per square foot across the market, while market-wide vacancy currently sits at 8.5 percent, down 1.7 percent over the same period. The high-profile Warner Building development delivered fully-leased in August, adding 118,000 square feet to the downtown Class A inventory.
JLL Detroit Office Insight & Statistics - Q3 2018Harrison West
- Vacancy in Detroit's office market increased slightly in the past two quarters but conditions remain stable, with current vacancy rates of 15.7% in urban areas and 22.3% in suburbs.
- Automakers made headlines again in Q3 as Cadillac announced moving back to Detroit after four years in New York, while multiple office buildings hit the market for sale downtown.
- Rent growth continued across the metro area despite a bump in vacancy, as large available spaces in the suburbs may be backfilled by year's end.
- In 2019, 500,000 square feet of new office inventory was delivered in the Pittsburgh market, with another 1.3 million square feet under development and 1.1 million square feet proposed. This new supply is in response to leasing activity from companies relocating from suburbs and new-to-market firms seeking Class A space near universities.
- FNB plans to anchor a new 160,000 square foot tower in downtown Pittsburgh, adding over 200,000 square feet of available trophy office space. Covestro also plans to purchase Bayer's campus by the end of 2020.
- While the new space provides opportunity for growth, demand will be tested as supply increases and vacancy may rise short-term until
U.S. Office market statistics, trends and outlook: Q3 2015JLL
The economy is growing and employers across industries are adding jobs, especially in urban and dense markets. As a result, expansionary activity remained the dominant office leasing driver in Q3 2015.
This growth has left primary markets challenged by supply constraints, creating a competitive environment for tenants. Secondary and tertiary markets like Charlotte, Phoenix, Portland and Salt Lake City are now benefitting from economic expansion and investment activity.
Learn more about what’s happening—and what we expect to occur in the coming months—in the U.S. office markets.
Leasing activity slowly recovers to pre-pandemic levels. While the market continues to feel the impact from COVID, Duolingo expands 38,000 s.f. at Liberty East at Pittsburgh’s highest recorded rental rate, suggesting that there is still an appetite for new construction within the urban core
The Atlanta office market saw a slight decrease in vacancy rate from 19.8% to 19.6% in the third quarter of 2011. Net absorption was 309,022 SF with one new building delivering 4,000 SF. Quoted rental rates decreased from $19.19 to $19.08 per square foot. There is currently 765,077 SF of office space under construction, an increase from last year.
Q2 2105 North American Industrial HighligtsCoy Davidson
The North American industrial market continued its strong expansion in Q2 2015, with record low vacancy rates, net absorption, and construction completions. In the U.S., the vacancy rate fell for the 22nd straight quarter while industrial space demand pushed up asking rents in most markets. However, market strength was highly concentrated in a handful of regions, and recent financial volatility points to increasing global economic risks that could slow future industrial space demand growth. Overall, the industrial sector performance has been among the strongest this century but some caution is still warranted.
2015 2Q North American Office Market ReportCoy Davidson
The U.S. office market saw improvements in Q2 2015, with vacancy rates declining and absorption improving. However, the Canadian office market weakened, with rising vacancy rates driven by falling oil prices. Overall North American vacancy fell slightly to 12.7%, with U.S. vacancy down to 13.0% and Canadian vacancy up to 9.1%. Absorption was positive in the U.S. at 23.1 million square feet but negative in Canada at -0.5 million square feet. The outlook remains positive for the U.S. office market but negative for Canada due to economic challenges from low oil prices.
Cross-border investment in US commercial real estate more than doubled in Q1 2015 compared to the previous year, totaling $22.2 billion. Industrial transactions saw the largest increase, up 97% due to several large portfolio sales. Singapore-based GIC acquired Blackstone's IndCor industrial portfolio for $8.1 billion in one such transaction. Cross-border investors concentrated on major markets like Manhattan, Washington D.C. and Los Angeles, accounting for over 60% of their investment versus 40% for domestic investors.
Q1 - 2015 North American Industrial HighlightsCoy Davidson
The North American industrial vacancy rate declined 15 basis points to 6.7% in Q1 2015. Net absorption was strong at 63.1 million square feet, while 52.0 million square feet of new space was added. Healthy demand and a need for modern space has led to an upswing in construction activity in both the US and Canada. Tightening market conditions have pushed up industrial rents, with average US warehouse rents rising 2.2% to $5.16 per square foot.
Q1 2015 North American Office HighlightsCoy Davidson
The document summarizes key trends in the North American office market in Q1 2015. While US economic and job growth slowed in Q1 due to poor weather and weakness in energy, the office market recovery is expected to continue for the rest of 2015. The overall vacancy rate was flat, with a modest increase in Canada and no change in the larger US market. Office absorption slowed but construction activity also decreased slightly. Going forward, investor demand for office properties is expected to remain robust in 2015.
The document summarizes key office market indicators and trends for Houston, Texas in Q1 2015. Net absorption slowed to 1.2 million SF compared to 2.3 million SF in Q1 2014, while vacancy rates increased slightly. Rental rates remained relatively stable, increasing 0.9% citywide. Over 3.5 million SF of new inventory delivered during the quarter, with 68% pre-leased. The effects of lower oil prices are beginning to impact the Houston office market, as available sublease space increased 33% and job growth slowed compared to previous periods. However, vacancy rates remain moderate and most proposed construction projects have been put on hold, which should help stabilize the market.
This document provides an overview of trends impacting law firm real estate strategies. It discusses how law firms are facing increased pricing pressures, forcing them to focus on reducing overhead costs like real estate. As a result, many firms are adopting workplace strategies to right-size their footprints, such as utilizing space more efficiently through universal office sizes, mobile workspaces, and technology-enabled collaboration. While these strategies can significantly reduce costs and promote productivity, some firms have been slower to adopt them, either due to lower sensitivity to real estate costs or culture change challenges.
2014 Q4 NORTH AMERICAN INDUSTRIAL HIGHLIGHTSCoy Davidson
The North American industrial market continued strengthening in Q4 2014:
- Vacancy rates decreased to 6.8%, with the U.S. rate falling to 7.2% and the Canadian rate remaining flat at 4.0%.
- Net absorption was robust at 70.7 million square feet, with U.S. absorption at 67 million square feet.
- Construction accelerated, totaling 178.2 million square feet, up from 155.9 million square feet in Q3 2014. However, absorption still exceeded new supply.
- Strong economic and e-commerce growth have expanded demand in distribution and intermodal markets beyond the recovery phase.
North American Office Highlights Q4 2014Coy Davidson
This document summarizes key findings from Colliers International's Q4 2014 North American office market report. It finds that:
1) The U.S. office vacancy rate decreased while the Canadian rate increased, bringing the overall North American vacancy rate down.
2) Absorption in the U.S. was strong, reaching its highest levels since 2006, while construction activity also increased.
3) Transaction volume reached a post-recession high in 2014, though it remained below peak levels, with investment concentrated in major cities.
Despite uncertainty around the Affordable Care Act, demand for healthcare real estate continues to rise due to growth in the insured population and an aging baby boomer generation. Medical office vacancy rates are at their lowest since the recession and declining further, while modern, flexible spaces in good locations see the highest demand. Both new construction and space under construction have remained low since the recession, while investment demand and rents have remained stable and capitalization rates have continued to compress.
The document provides an economic outlook for 2015 from K.C. Conway, an economist. Some key points:
1) Houston had strong job growth in 2014 but may see slower growth in 2015, especially if oil prices remain low. The Dallas Fed estimates Texas could lose 140,000 energy-related jobs.
2) National GDP growth is expected to remain around 2.5-3% in 2015. Private payrolls grew steadily in 2014 according to ADP but official government jobs data may be revised.
3) The housing market outlook is positive but single family home construction may be slightly lower in 2015 at 700,000-750,000 units rather than over 1 million. Multi-family construction will be
This document outlines the staff and leadership of Colliers International in Houston, Texas. It lists the president, chief operating officer, principals, brokers, and directors within various divisions including corporate solutions, project management, real estate management services, research and marketing, and valuation and appraisal. It also announces an upcoming event on January 27, 2015 where Colliers International will present their annual commercial real estate market update on trends in Houston, Texas.
A survey conducted by LoopNet and Google found that:
- Over half of commercial real estate searchers begin their search online, with most starting on commercial real estate services and tools.
- Mobile usage for searching commercial properties is also significant, with over half using mobile devices at least sometimes to search.
- Even when working with a broker, over half of searchers conduct their own online research to supplement the broker's search and ensure nothing is missed.
CRE TECH 2014 State of the Market ReportCoy Davidson
The document discusses the CRE // Tech Intersect State of the Market Report. It provides an introduction to the report by Pierce Neinken. The report aims to help readers learn about emerging and established technologies in the commercial real estate industry. Each participating group in the report has contributed information and visuals about their companies. CRE // Tech Intersect is a biannual technology symposium that began as conversations about how technology is changing the CRE industry. It represents a personal passion of Neinken and would not be possible without support from sponsors and others involved.
Houston has consistently ranked among the top 10 cities for job and population growth. The document provides statistics showing Houston gained over 82,000 jobs in 2013, has an unemployment rate of 4.6% as of April 2014, and grew its population by over 2% annually from 2012-2014. Houston's economy is led by the energy sector, with over 50% of employment related to oil and natural gas companies, positioning the city as the "Energy Capital of the World".
Houston has experienced strong population, job, and economic growth in recent years due to its diverse industries such as energy, trade, healthcare, and technology. The energy sector accounts for over 50% of Houston's employment and the city is ranked among the top cities for job, population, and Fortune 500 company growth. Unemployment has declined from 5.9% in 2013 to 4.6% in 2014, and the population has increased over 400,000 since 2010 to an estimated 6.4 million residents in 2014.
1. Q42014SAN FRANCISCO OFFICE MARKET REPORTAccelerating success.
> VACANCY Due to new construction hitting the
market, the vacancy rate remained flat this quarter
at 7.5 percent. Vacancy has decreased for four
straight years, that’s a 51 percent shrinkage since
the most recent peak of 15.2 percent in 2010.
> LEASING VOLUME Reflecting strong local
employment trends, leasing activity continued to
be strong with approximately 1.5 million square
feet of transactions during the fourth quarter and
annually hit 8.1 million square feet far exceeded
the city’s historical annual average of 7 million
square feet of transactions
> ABSORPTION The San Francisco office market
posted its eighteenth consecutive quarter of
positive net absorption with over 257,000 square
feet posted during the fourth quarter. Year-to-
date the market has experienced over 2.8 million
square feet of growth.
> RENTS Reflecting strong local employment
trends, leasing activity continued to be strong
during the fourth quarter pushing rents higher.
Average rental rates citywide rose this quarter
to reach $64.79 per square foot (weighted) for
all asset classes. This represents a 16.2 percent
increase from this time last year.
“The City is now the undisputed
urban epicenter of the world’s
knowledge-based economy”
-Alan D. Collenette, Executive Managing Director
Market Indicators
Vacancy
Q4 2014 2015
Net Absorption
Construction
Weighted Rental Rate
Non-Weighted Rental Rate
Sales Volume
Sales Prices
ELL ST
BAY ST
BRYAN
T
ST
H
ARRISO
N
ST
4TH
ST
GEARY ST
GOUGHST
VANNESSAVE
EM
BARCADERO
9TH
ST
CO
LUM
BUS
AVE
RD ST
1ST
ST
KEARNYST
CESAR CHAVEZ ST
3RDST
KIN
G
ST
8TH
ST7TH
ST
MISSIONST
16TH ST
Uber takes 76,000 SF at 685
Market Street, set to occupy
January 2015
New 137,000 SF six-story 4th
& Brannan Office Development
“501-505 Brannan” Approved
UCSF “highly
interested” in
proposed Warriors
office buildings
Uber and Alexandria
Real Estate Equities
purchase two fully
entitled parcels next
to the Warriors arena
site in Mission Bay
1019 Market Street,
home to Zendesk,
was sold at $639/
SF - another
benchmark price for
a historic/creative
office building
2. 4Q '14
Overall
4Q '14
Direct
4Q '14
Sublease
3Q '14
Overall
QoQ %
Change
All Markets: Class A $67.91 $68.47 $58.90 $66.21 2.6%
All Markets: Class B $57.53 $59.60 $41.00 $58.31 -1.3%
Financial District: Class A $72.44 $72.44 - $66.52 8.9%
Financial District: Class B $56.67 $59.33 $39.97 $48.97 15.7%
SOMA Overall $65.61 $66.38 $61.89 $66.46 -1.3%
RENTAL RATES
Weighted average rents for the
Financial District assets reflected
a 6.8 percent increase for the
quarter to $69.11 per square foot
and annualized rents climbed up
18.5 percent. Overall weighted
annualized rents in the SOMA
market surged up 37.2 percent to
$65.61 per square foot this year.
Weighted Class B rents softened
slightly this quarter, decreasing
by 1.3 percent to $57.53 per
square foot, annually they are up
20.4 percent.
ABSORPTION & VACANCY
The South Financial District
and Potrero East submarkets
experienced the largest
occupancy growth realizing
148,453 and 99,930 square
feet of positive absorption,
respectively. DocuSign,
SocialChorus, and Sift Science
collectively moved into nearly
42,000 square feet of sublease
space at 123 Mission Street. A
couple of key contributors to the
positive net absorption in Potrero
East were Invuity moving into
over 38,000 square feet at 444
De Haro Street as well as Dot &
Bo occupying over 21,000 square
feet at 200 Kansas Street.
INVESTMENT VOLUME
Demand for assets in the
San Francisco market from
both domestic and foreign
capital sources continued to
be voracious during the fourth
quarter. There were a total of 14
office transactions closed this
quarter for a combined value
of nearly $1.9 billion. This year
there were 50 office sales closed
for a total of over $5 billion. In
comparison, 2013 experienced
45 office sales closed for a total
value of $2.38 billion.
0.0%
5.0%
10.0%
15.0%
20.0%
-800,000
-300,000
200,000
700,000
1,200,000
1,700,000
2Q'05
3Q'05
4Q'05
1Q'06
2Q'06
3Q'06
4Q'06
1Q'07
2Q'07
3Q'07
4Q'07
1Q'08
2Q'08
3Q'08
4Q'08
1Q'09
2Q'09
3Q'09
4Q'09
1Q'10
2Q'10
3Q'10
4Q'10
1Q'11
2Q'11
3Q'11
4Q'11
1Q'12
2Q'12
3Q'12
4Q'12
1Q'13
2Q'13
3Q'13
4Q'13
1Q'14
2Q'14
3Q'14
4Q'14
Vacancy Net Absorption
P.2 | RESEARCH & FORECAST REPORT
Note: Weighted Average Rents
Source: Colliers International
Source: Colliers International
18
Straight
Quarters
of Positive
Absorption and
Declining
Vacancy
$1.9
$0.4
$0.1 $0.3
$0.5
$1.8
$3.5
$3.2
$9.8
$0.7
$0.3
$1.5
$2.8
$6.0
$2.4
$5.0
32
14
10
17
25
57
38
68
18
8
17
53
68
45
50
$-
$1.0
$2.0
$3.0
$4.0
$5.0
$6.0
$7.0
$8.0
$9.0
$10.0
0
10
20
30
40
50
60
70
80
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
San Francisco Sales Activity (Billions) # Transactions
2014 Sales
Volume 64%
Higher than Peak
of Dot Com Boom,
2000
3. TENANT DEMAND
Tenant demand remains strong for space in
San Francisco with over 5.4 million square
feet of office space requirements involving
137 tenants in the market and fourteen of
those tenant requirements are looking for over
100,000 square feet. The core of this demand
is driven from technology tenant requirements,
which account for 36 percent or 1.9 million
square feet of the requirement in the market.
Q4 2014 | OFFICE | SAN FRANCISCO | P.3
UPDATE - LEASE AND INVESTMENT TRANSACTIONS
SIGNIFICANT LEASES Q4 2014
ADDRESS TENANT SIZE TYPE SIGNED DATE CLASS
555 California Street Kirkland & Ellis 125,000 Renewal/Expansion Oct-14 A
651 Brannan Street Pinterest 120,113 New Oct-14 B
55 Hawthorne Street Yelp 102,324 New Oct-14 A
535 Mission Street WeWork 91,000 New Dec-14 A
201 Third Street Capital One 88,353 New Nov-14 A
685 Market Street Uber 77,644 New Oct-14 B
101 California Street Deutsche Bank 51,322 Renewal/Downsize Oct-14 A
SIGNIFICANT SALES Q4 2014
ADDRESS SELLER BUYER SQ. FT. SALE DATE CLASS SALE PRICE
PRICE/SF
or FAR
50 Beale Street The Rockefeller Group/Mitsubishi The Paramount Group 663,441 Sep-14 A $395,000,000 $595
Foundry Square II - 405 Howard Street GE Capital/Langley Investments TIAA-CREF/Norges Bank 521,555 Sep-14 A $390,000,000 $748
650 California Street PREI/Tishman Speyer Columbia Property Trust 492,132 Sep-14 A $309,000,000 $628
600 California Street Clarion Partners/OregonSTRS Bentall Kennedy 358,590 Nov-14 A $216,500,000 $604
100 California Street ECP/PCCP/Broadway Partners Pembroke Real Estate 288,619 Sep-14 A $182,250,000 $631
201 California Street ARES/USAA Cornerstone Advisors 239,342 Oct-14 A $130,000,000 $543
235 Pine Street TA Associates Realty CBRE Investors 150,159 Sep-14 A $88,800,000 $591
300 California Street Kennedy Wilson The LeFrak Organization 120,566 Sep-14 B $58,250,000 $483
1019-1021 Market Street
Cannae Partners/Westport
Capital
Deutsche Asset & Wealth
Management
75,523 Oct-14 B $48,250,000 $639
Source: Colliers International
Other
32%
FIRE
13%
Tech Related
36%
Business Services
19%
If all of these stated tenant
requirements were fulfilled,
this would equate to net
absorption of approximately
2.0 million square feet.
4. Accelerating success.
www.colliers.com
DEVELOPMENT PIPELINE Only 535 Mission Street completed construction this quarter adding an additional 307,235
square feet to the market. Year-to-date 1,557,396 square feet of new and renovated completed space was added to the
market. Currently there’s 5.2 million square feet under construction and approximately 64 percent or 3.3 million square
feet is pre-leased. Currently there’s another 12.6 million square feet either proposed or in various stages of planning.
LEASING ACTIVITY The San Francisco market has experienced fourteen leases over 100,000 square feet in 2014 with
three of those signed during the fourth quarter. Kirkland & Ellis renewed and expanded for 125,000 square feet at 555
California Street, Pinterest leased over 120,000 square feet at 651 Brannan Street and Yelp is taking 102,113 square feet
at 55 Hawthorne Street. This eclipsed the thirteen leases over 100,000 square feet closed in 2012.
DOWNTOWN MARKET:
A 177 57,806,721 4,542,921 7.9% 276,001 0.5% 4,818,922 52,987,799 8.3% 7.9% 14,821 1,972,195 307,235 1,483,261 4,510,750 12,502,808
B 296 24,901,722 1,471,556 5.9% 127,401 0.5% 1,598,957 23,302,765 6.4% 7.4% 234,359 740,053 - 74,135 651,149 140,235
C 133 6,871,862 284,428 4.1% 7,906 0.1% 292,334 6,579,528 4.3% 4.4% 8,263 88,021 - - - -
Total 606 89,580,305 6,298,905 7.0% 411,308 0.5% 6,710,213 82,870,092 7.5% 7.5% 257,443 2,800,269 307,235 1,557,396 5,161,899 12,643,043
FINANCIAL DISTRICT:
A 106 43,448,284 3,366,137 7.7% 190,785 0.4% 3,556,922 39,891,362 8.2% 7.7% 66,483 556,935 307,235 599,647 3,054,958 1,935,000
B 73 8,145,794 504,928 6.2% 47,169 0.6% 552,097 7,593,697 6.8% 7.2% 34,936 153,180 - - - 60,000
C 36 1,640,936 120,878 7.4% 1,400 0.1% 122,278 1,518,658 7.5% 6.6% 1,400 (1,400) - - -
Total 215 53,235,014 3,991,943 7.5% 239,354 0.4% 4,231,297 49,003,717 7.9% 7.6% 86,774 696,509 307,235 599,647 3,054,958 1,995,000
SUBMARKETS:
North Financial 116 28,405,524 2,137,679 7.5% 160,053 0.6% 2,297,732 26,107,792 8.1% 7.9% (61,679) 5,892 - - 2,682,958 60,000
South Financial 99 24,829,490 1,854,264 7.5% 79,301 0.3% 1,933,565 22,895,925 7.8% 7.2% 148,453 690,617 307,235 599,647 372,000 1,935,000
Total 215 53,235,014 3,991,943 7.5% 239,354 0.4% 4,231,297 49,003,717 7.9% 7.6% 86,774 696,509 307,235 599,647 3,054,958 1,995,000
Union Square 60 4,150,158 157,375 3.8% 16,284 0.4% 173,659 3,976,499 4.2% 3.5% (26,585) 71,356 - - - -
Yerba Buena 33 4,769,373 267,853 5.6% 28,236 0.6% 296,089 4,473,284 6.2% 6.1% (4,577) 872,613 - 883,614 253,000 1,045,000
SOMA West 41 3,468,914 155,310 4.5% 29,343 0.8% 184,653 3,284,261 5.3% 5.6% 9,770 50,174 - - 55,000 1,865,456
SOMA East 57 5,273,935 294,749 5.6% 55,633 1.1% 350,382 4,923,553 6.6% 5.1% (81,097) 93,096 - 74,135 1,131,433 80,235
Civic Center/Mid-Market 47 6,866,279 962,310 14.0% 3,225 0.0% 965,535 5,900,744 14.1% 15.1% 71,797 390,704 - - 270,000 -
Jackson Square 41 2,366,930 117,916 5.0% 2,467 0.1% 120,383 2,246,547 5.1% 7.4% 54,308 30,586 - - - -
North Waterfront 48 3,664,375 184,495 5.0% 24,787 0.7% 209,282 3,455,093 5.7% 6.4% 24,235 33,191 - - - -
Van Ness Corridor 21 1,233,094 84,438 6.8% - 0.0% 84,438 1,148,656 6.8% 5.5% (16,314) (1,526) - - - -
Potrero West 18 1,339,348 29,234 2.2% - 0.0% 29,234 1,310,114 2.2% 4.2% 27,370 7,846 - - - -
Potrero East 11 864,650 41,173 4.8% 11,979 1.4% 53,152 811,498 6.1% 17.6% 99,390 158,132 - - - 400,000
Mission Bay 14 2,348,235 12,109 0.5% - 0.0% 12,109 2,336,126 0.5% 1.0% 12,372 397,588 - - 397,508 7,257,352
Total 606 89,580,305 6,298,905 7.0% 411,308 0.5% 6,710,213 82,870,092 7.5% 7.5% 257,443 2,800,269 307,235 1,557,396 5,161,899 12,643,043
QUARTERLY COMPARISON AND TOTALS
Q3-14 606 89,303,236 5,997,997 6.7% 662,424 0.7% 6,660,421 82,642,815 7.5% 8.3% 781,565 2,554,546 55,756 1,250,161 4,965,035 13,070,043
Q2-14 605 89,213,545 6,771,446 7.6% 614,784 0.7% 7,386,230 81,827,315 8.3% 9.4% 1,442,981 1,772,981 425,993 1,194,405 4,990,366 11,119,347
Q1-14 603 88,787,552 7,959,561 9.0% 428,019 0.5% 8,387,580 80,399,972 9.4% 9.0% 345,638 345,638 768,412 768,412 5,381,410 10,527,063
Q4-13 603 88,119,140 7,589,242 8.6% 355,948 0.4% 7,945,190 80,173,950 9.0% 9.0% 666,833 2,143,390 - 681,982 4,166,889 11,594,808
Q3-13 603 88,119,140 8,290,559 9.4% 323,897 0.4% 8,614,456 79,504,684 9.8% 9.8% 395,484 1,474,124 281,982 681,982 4,155,920 11,559,180
Class
#ofBuildings
TotalInventory
(squarefeet)
DirectVacant
(squarefeet)
Direct
VacancyRate
SubleaseVacant
(squarefeet)
Sublease
VacancyRate
TotalVacant
(squarefeet)
OccupiedSpace
(squarefeet)
VacancyRate
CurrentPeriod
VacancyRate
PriorPeriod
CurrentNet
Absorption
YTDNet
Absorption
NetNewSupply
Current
(squarefeet)
NetNewSupply
YTD
Under
Construction
(squarefeet)
Proposed
(squarefeet)
Existing Properties Absorption
New
Supply
U/C &
Proposed
Alan D. Collenette, MRICS
Executive Regional Managing Director
50 California Street, 19th Floor
San Francisco, CA 94111
tel +1 415 288 7850
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