OFFICE MARKET TAPS THE BRAKES IN Q1 The US office market showed signs of fatigue in the first quarter of 2017. Vacancy was unchanged, rent growth slowed, deliveries were fl at and net absorption, while still positive, declined substantially. Sublease inventory also moved higher. Altogether, it has experts wondering whether the long steady recovery in the office sector is showing signs of fatigue. Major markets including New York City, Los Angeles and even tech-darling San…
Q1 2017 Industrial Market Brief
NET ABSORPTION COOLS – RENTS KEEP MOVING HIGHER After putting in another strong performance to finish the year, the industrial market took a bit of a breather in Q1, but kept moving in the same direction. Supplies of quality space are declining across the country and rents keep moving higher. Construction activity is robust, but concentrated in a handful of major distribution hubs. Supply in more mature markets is running thin as industrial land is…
1Q 2017 Industrial Market Report
Demand Slows In Q1 But Rents Still Are Soaring Net absorption stumbled in the first quarter, posting its biggest three-month loss in seven years. But vacancy rates remained in record-low territory with the market’s momentum reflected in skyrocketing rents that have jumped an average of 16 percent in the last eight quarters. More than 682,036 sq. ft. of space came back on the market in the first quarter, most of which was in the Airport…
1Q 2017 Office Market Report
Rent Growth Slows, Vacancy Hovers Near 10 Percent Demand returned to the overall Orange County office market in the first quarter and rents continued their slow ascent. Countywide, the Q1 vacancy rate hovered just above 10 percent for the fourth consecutive quarter on 249,201 sq. ft. of positive net absorption. Demand was greatest in Santa Ana, Tustin, Anaheim, Cypress and Irvine, where two buildings totaling 212,000 sq. ft. came on the market. Cities with the…
Lee Newport 2016 Notable Transactions
Lee & Associates – Newport Beach continues to make waves in Orange County.
4Q 2016 Office Market Report
OC Office Market Remains Healthy, But Rent Growth Cools Orange County office demand in 2016 generally remained healthy despite weakened rent growth. The year-end vacancy rate settled at 10.3%. The most activity was in the South County submarket, which saw 649,457 sq. ft. of space come off the market in 2016 along with the completion of four buildings totaling 575,000 sq. ft. In the large Airport submarket, which accounts for 38% of the county’s inventory…
4Q 2016 Industrial Market Report
Industrial Demand Shrugs Off Election-Year Uncertainty Despite a greater than expected drop in leasing activity in the fourth quarter of 2016, demand for space remained strong enough to drive down the industrial vacancy rate deeper into record territory in each of the county’s four submarkets. The last three-month period of 2016 closed with 631,549 sq. ft. of positive net absorption, pushing down the countywide vacancy rate to 2.4%. When added to the 701,391 sq. ft….