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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
      Third Quarter 2018

      After the starting the year slowly, the Puget Sound region's industrial market has returned to a strong performance over the last two quarters. Nearly 2.0 million s.f. was absorbed in the third quarter, bringing the year to date absorption to 2.7 million s.f. Despite strong leasing activity, nearly 2.7 million s.f. of new product was delivered in the quarter resulting in a slight upward bump in the vacancy rate to 3.5% compared to 3.3% from the prior quarter. Regardless, a 3.5% vacancy indicates a very tight market region wide.

      Downloads
      Third Quarter 2018 Seattle Industrial Market Report
      Second Quarter 2018 Seattle Industrial Market Report
      First Quarter 2018 Seattle Industrial Market Report
      Fourth Quarter 2017 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
      Third Quarter 2018

      The Orange County industrial market remained vigorous in 3Q18 as demand for a considerable footprint has caused an increase in competition. Strong demand buoyed by historically low vacancy and availability levels has further increased rental rates to post-recession highs, as it still remains a landlord's market. Overall employment growth remains positive, while the Orange County unemployment rate sits at 3.1% as of August 2018, 120 basis points lower than the state's 4.3%. Total nonfarm employment increased by 0.7% from August 2017 to August 2018, adding 11,000 jobs to the market. The expectation of over 1.4 million square feet developers currently have under construction should alleviate some downward pressures on vacancies in the following quarters. With healthy fundamentals in place, we can expect the Orange County industrial market to remain robust.

      Downloads
      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
      Third Quarter 2018

      The San Diego industrial real estate market continued to thrive with support by groundbreaking work in the biotech and life science industries, as well as expansion within the defense industry, which adds yet a further layer of demand for the already vastly lucrative market. Record breaking metrics across the board this year have indicated the consistent demand in the market. Overall employment growth continues to flourish, as the San Diego County unemployment rate dips almost 100 basis points to 3.4%, below the year-ago estimate of 4.3%.

      Downloads
      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
      Third Quarter 2018

      The Phoenix industrial real estate market remained steadfast and unwavering during the third quarter, producing strong activity yet again and reflecting the consistent demand this industrial market has shown cycle after cycle. Leasing activity continues to be strong and the volume of sales transactions more than doubled compared to this time last year. Furthermore, the development pipeline has hit a post-recession record high with approximately 6.9 million square feet currently under construction, which the market hasn't experienced since 2007.

      Downloads
      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
      Third Quarter 2018










      Downloads
      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
      Third Quarter 2018










      Downloads
      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
      Fourth Quarter 2017 Los Angeles Multifamily Investments Market Report
    4. Orange County Multifamily Market Report
      Third Quarter 2018










      Downloads
      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
      Third Quarter 2018










      Downloads
      Third Quarter 2018 Sacramento Multifamily Investments Market Report
      Second Quarter 2018 Sacramento Multifamily Investments Market Report
      First Quarter 2018 Sacramento Multifamily Investments Market Report
      Fourth Quarter 2017 Sacramento Multifamily Investments Market Report
    6. San Diego Multifamily Market Report
      Third Quarter 2018










      Downloads
      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
      Third Quarter 2018










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

    1. Reno Multifamily Market Report
      Third Quarter 2018










      Downloads
      Third Quarter 2018 Reno Multifamily Investments Market Report
      Second Quarter 2018 Reno Multifamily Investments Market Report
      First Quarter 2018 Reno Multifamily Investments Market Report
      Fourth Quarter 2017 Reno Multifamily Investments Market Report
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Office Market Research/Reports

  1. Washington

    1. Seattle Office Market Report
      Third Quarter 2018

      The regional office market continues to experience healthy metrics, which have continued the trend of steady vacancy decline, moderately increasing rents, and reasonable levels of new construction into the 3rd quarter of 2018. Seattle remains high on the list of desirable office investment markets for institutions, targeting the Seattle and Bellevue CBDs as well as South Lake Union. Over the last quarter, regional office vacancy dropped to 6.69%, down from 6.84% last quarter, a 10-year low.

      Downloads
      Third Quarter 2018 Seattle Office Market Report
      Second Quarter 2018 Seattle Office Market Report
      First Quarter 2018 Seattle Office Market Report
      Fourth Quarter 2017 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
      Third Quarter 2018










      Downloads
      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
      Third Quarter 2018

      Since 2015, benefitting from massive infusions of capital from institutional investors and VC firms, the Los Angeles metro in general and the Los Angeles office market in particular has been undergoing a conspicuous and much needed transformation and renaissance. This renaissance only continued to wax in Q3 of 2018. Using any metric, the conclusion can't be gainsaid: the performance of the LA office sector has been outstanding.

      Downloads
      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
      Third Quarter 2018

      The Orange County office market continues to remain robust in 3Q18 in spite of the heavy influx of new supply in previous quarters. With a prime location along the coast, accompanied by stunning weather year round, Orange County has remained appealing for many companies. Presently, over 200 Fortune 500 companies reside within the Orange County office market along with several top universities providing an abundance of talented job-seeking graduates. The current unemployment rate according to the State of California's Employment Development Department sits at 3.1%, 120 basis points lower than the state's average of 4.3%. Additionally, total non-farm employment increased by 0.7% year over year, or 11,000 jobs between August 2017 and August 2018.

      Downloads
      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
      Third Quarter 2018

      The San Francisco Peninsula continues to benefit from a strong economy and job growth, as unemployment rates are at a low 2.3%, compared to the national average of 3.7%. At the end of the third quarter, direct vacancy rates rose slightly to 8.4%, with average rental rates also increasing to $5.05/s.f. fully serviced. The upwards increase in price is partially attributed to higher-quality product arriving to the market and commanding higher lease rates. With nearly 3.2 million s.f. of office space under construction, San Mateo County remains a favorable location for tenants seeking a Bay Area footprint.

      Downloads
      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
      Third Quarter 2018

      While demand for office space remains steady in the San Diego market, the market took a little breather during the third quarter with continued signs of a tightened market as asking rents climb to an all-time record high and vacancy hovering at the record low from year end 2017. However, the foundation of San Diego's office market remains sturdy, with a strong employment base sustained by tech, life sciences and healthcare providing a backbone of stability. We anticipate the office market will continue to persist and grow in demand, albeit at a slower pace than previous years in the cycle.

      Downloads
      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
      Third Quarter 2018

      Large blocks of space in the San Francisco office market continued to be snatched up in the third quarter, with PricewaterhouseCoopers, Amazon, and Splunk all signing on to occupy over 100,000 s.f. each next year. Additionally, Atlassian finally moved into the seven floors they preleased at 350 Bush Street, absorbing 145,215 s.f. in the third quarter. Q3 saw over 250,000 s.f. of construction deliveries in the very active SOMA submarket. Despite the delivery of a total of 693,063 s.f. of new inventory, direct vacancy dropped slightly to 4.6% for the second straight quarter, further highlighting the strong demand for office property in the city.

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

      The revitalization of the Phoenix office market continued apace and uninterrupted in the third quarter of 2018. By any measure, the office market is thriving and performing at the highest levels. Including sublet space, occupancy demand exceeded 737,000 square feet this quarter and, regarding relet space alone, already 2.2 million square feet has been absorbed for the year; in terms of leasing activity, 6.2 million square feet of space has been taken off the market this year; direct vacancy declined more than 12% from this time last year, reaching a market wide rate of 12.9%, and, at $25.80 per square foot, asking rental rates are the second highest ever achieved in the market - second only to the peak achieved in Q2 of the previous cycle established a decade ago.

      Downloads
      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
      Third Quarter 2018

      The retail market is extremely challenging, demonstrating survival of the fittest. Developers are challenged by rising construction costs and entitlement difficulty. Owners are challenged by rising interest rates and tenant turnover. Tenants are challenged by Amazon, right sizing stores, increasing occupancy and employee costs. With unemployment at historic lows, retailers are having difficulty finding employees. Customers are challenged for time and disposable income due to high housing costs.

      Downloads
      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
      Third Quarter 2018










      Downloads
      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
      Third Quarter 2018










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










      Downloads
      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
      Third Quarter 2018










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










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










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










      Downloads
      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
      Third Quarter 2018










      Downloads
      Third Quarter 2018 San Francisco Retail Market Report
      Second Quarter 2018 San Francisco Retail Market Report
      First Quarter 2018 San Francisco Retail Market Report
      Fourth Quarter 2017 San Francisco Retail Market Report
    9. Silicon Valley Retail Market Report
      Third Quarter 2018










      Downloads
      Third Quarter 2018 Silicon Valley Retail Market Report
      Second Quarter 2018 Silicon Valley Retail Market Report
      First Quarter 2018 Silicon Valley Retail Market Report
      Fourth Quarter 2017 Silicon Valley Retail Market Report
    Back to top
  4. Arizona

    1. Phoenix Retail Market Report
      Third Quarter 2018










      Downloads
      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
      Third Quarter 2018










      Downloads
      Third Quarter 2018 Reno Retail Market Report
      Second Quarter 2018 Reno Retail Market Report
      First Quarter 2018 Reno Retail Market Report
      Fourth Quarter 2017 Reno Retail Market Report
    Back to top
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