Market Reports

West Coast Summaries

West Coast Maps

Articles



Market Research

Office Market Research/Reports

  1. Washington

    1. Seattle Office Market Report
      Second Quarter 2018

      The regional office market continues to see an overall tightening, which has fueled further compression in vacancy and moderately increasing rents. With continued job growth and tech companies expanding their footprints in Seattle, Bellevue and Kirkland, the fundamentals of the regional office market remain strong. For the 2nd quarter of 2018, we saw regional office vacancy drop to 6.84%, down from 7.15% last quarter, setting a 10-year low. Second quarter net absorption totaled 627,693 s.f. bringing year-to-date absorption to 2,383,334 s.f.

      Downloads
      Second Quarter 2018 Seattle Office Market Report
      First Quarter 2018 Seattle Office Market Report
      Fourth Quarter 2017 Seattle Office Market Report
      Third Quarter 2017 Seattle Office Market Report
    Back to top
  2. Oregon

    1. Portland Office Market Report
      Second Quarter 2018

      As in Q1, the Portland office market continued to benefit from the expansion of the technology sector in the second quarter of 2018, as a strong economy kept unemployment near the metro's historical lows. Although vacancy increased in Q2, the fundamentals of the office sector remained strong otherwise, as evinced by the market's 5.9% year over year rent growth and notable investment activity from institutional buyers.

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

    1. Inland Empire Office Market Report
      Second Quarter 2018










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










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

      The inner East Bay Office real estate market held steady in 2Q2018, with vacancies staying stagnant at 6.7% and an almost negligible 177 s.f. of positive net absorption. Rental rates continue to climb, going up 11.71% year-over-year and 2.32% quarter-over-quarter. Oakland continues to be the strength of the investment market. The development pipeline grew to 1.45M s.f. under construction. The East Bay continues to benefit from San Francisco's demand overflow, as tenants look for more affordable and suitable space.

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

      The Orange County Office Market continued to remain robust in 2Q18, amidst the influx of new supply. Overall employment growth remains positive while the Orange County unemployment rate sits at 2.6%, 140 basis points lower than the national average of 4.0%. According to the State of California's Employment Development Department, total nonfarm employment increased by 1.1% year over year, or 17,300 jobs between May 2017 and May 2018. Asking rents continue to climb to post-recession highs and vacancy rates have remained stagnant at 10.3% for a second straight quarter. With strong fundamentals in place, expect continued growth in the Orange County office market to remain healthy.

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










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

      The office real estate market in the greater Sacramento area remained stable going into the second quarter. Direct and overall vacancy continues to decrease quarter over quarter, pushing slight increases in lease rates. With more than 12 million s.f. of office space available in the market, tenants have the luxury of being choosier as to where they lease. However, the suburban submarkets El Dorado, Highway 50 Corridor, Natomas/Northgate, and Roseville/Rocklin show the most consistent quarterly leasing activity.

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

      The San Diego office market kicked back into gear during the second quarter, displaying robust leasing and sales activity that almost doubled in volume from the previous quarter, as well as a healthy 233,866 square feet of positive net absorption. Asking rents remain the same rate from last quarter at $2.72 per square foot. and vacancy rates dipped to 10.3%; both post-recession record high and low respectively.

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










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

      The Silicon Valley Office market remained active during the opening months of 2018. The market posted a positive 1,414,715 s.f. of net absorption. Santa Clara County's unemployment rate dropped to 2.3% in May, which is the lowest it has been since December 1999 per the California Employment Development Department. Construction deliveries and starts were once again active this quarter. Overall, office product continues a robust run, and has realized a robust first half of the year.

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

    1. Phoenix Office Market Report
      Second Quarter 2018

      With occupancy demand exceeding 1.7 million square feet, leasing activity above 2.0 million square feet, direct vacancy declining more than eleven percent from this time last year, and rental rates approaching, but as yet not surpassing, levels not seen since the peaks of the previous cycle established a decade ago, the conclusion simply cannot be gainsaid: the Phoenix office real estate market is in the throes of a vibrant renaissance.

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

    1. Reno Office Market Report
      Second Quarter 2018










      Downloads
      Second Quarter 2018 Reno Office Market Report
      Fourth Quarter 2017 Reno Office Market Report
      Third Quarter 2017 Reno Office Market Report
    Back to top
Subscribe to our Market Research