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Denver-Boulder Lab Vacancy Rises in Second Quarter, Remains Among Lowest Nationally 8/15/23 This report provided by CBRE
Momentum slowed in the second quarter for the U.S. life sciences real estate market, though several indicators portend long-term expansion for the sector, according to a new report from CBRE.
V...
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Ventura County's Industrial Market Faces Space Shortage in Q2 2023 8/07/23 This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
In Q2 2023, the industrial market in Ventura County experienced a notable decrease in vacant space by 9.1% compared to Q1 2023. The hi...
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Vacancy Rate for San Diego’s Life Sciences Space Up as Companies Consolidate Their Real Estate 8/03/23 This report provided by Cushman & Wakefield
ECONOMIC OVERVIEW
Between May 2022 and May 2023, San Diego saw an increase in nonfarm employment by 42,500 jobs, representing a growth rate of 2.8% year-over-year (YOY). The priv...
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L.A. County's Retail Market Struggles to Rebound in Q2 2023 7/24/23 This report was provided by commercial real estate services firm NAI Capital Commercial
MARKET OVERVIEW
In Q2, the changing economy caused a slowdown in L.A. County's retail market. Landlords with non-prime retail space exp...
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Building Block Foundation Fund Announces White Party 2023 to be Held August 23 at Newport Dunes 7/21/23 Building Block Foundation Fund’s White Party, a once-a-year event that raises funds for significant Orange County charities that support at risk youth, will be held August 23 at the Newport Dunes in Newport Beach.
In 2022 th...
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Phoenix Class A Office Direct Asking Rates Rise Even as Demand Slows 7/14/23 This report was provided by real estate services firm Avison Young
Though demand for office space has dropped post-Covid with companies wrestling with the amount of space needed, Class A direct asking rates have continued to...
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Inland Empire's Industrial Market Shifts as Sublease Space Rises and Sales Volume Declines 7/10/23 This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
The Inland Empire's industrial market is undergoing a shift as it moves away from the previously high demand for warehouse and distrib...
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Ventura County Industrial Vacancy Rate Rose 2.7% in Second Qtr 2023 7/06/23 This 2nd quarter 2023 update provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Direct vacancies rose to 2.7%, steady quarter-over-quarter.
• Direct asking lease rates increased to $1.23/sf NNN from $1...
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San Francisco Office Vacancies Continue to Reach New Heights 7/05/23 This report was provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
Total Vacancy climbs to 26.8%
Sublease Vacancy increased by 80 bps quarter-over-quarter to 5.8%.
There is a large discrepancy between pr...
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Orange County Office CRE Market Update – 2nd Qtr. 2023 6/20/23 MARKET HIGHLIGHTS
• The direct market vacancy rate in Orange County is now 12.6%.
• The average asking price on a full-service basis was $2.68/SF.
• During 2Q2023, 270k sf will still be under construction.
Market Drivers
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Save the Date - Aug 17 is RENTV's Greater L.A. State of the Market Conference 6/12/23 Hear and network with industry pros who will discuss the region's office, industrial, retail, multifamily and finance sectors at this annual event.
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Los Angeles First Quarter Industrial Leasing Activity Lowest Since 2014 5/22/23 This report provided by Cushman & Wakefield
The Los Angeles (LA) industrial market recorded 5.8 msf of new leasing activity across 162 deals in Q1 2023, recording the lowest first quarter leasing total since 2014. New leasin...
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Bay Area Life Science Development Pipeline Normalizes 5/19/23 This report provided by real estate services firm JLL
Life sciences under development inventory in the Bay Area normalizes after a period of hypergrowth
• The development inventory of life science (laboratory with office) ...
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Meet the Inland Empire Experts from RENTV's State of the Market Conference 5/17/23 Below are photos of the experts who spoke at RENTV's recent Inland Empire State of the Market Conference, held on May 9 in Ontario.
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Ventura County's Industrial Market Struggles with Depleted Supply and Soaring Rents in Q1 2023 5/15/23
This report provided by real estate services firm NAI Capital Commercial
MARKET OVERVIEW
In Q1 2023, Ventura County's industrial market experienced a 77.1% increase in vacant space from Q4 2022, with demand for warehouse-d...
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Office Users Continue to Struggle with Higher Costs, Tight Labor and Supply Chains when Fitting Out Space 5/04/23 This report provided by real estate services firm Cushman & Wakefield
Cushman & Wakefield released its 2023 Fit Out Cost Guide for office markets, finding that supply chain constraints, inflationary pressures and increased l...
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Seattle Retail Market Remains Stable 4/27/23 This report provided by real estate services firm Kidder Mathews
Seattle Retail CRE Market Update – 1st Qtr 2023
The pandemic created a monumental shift in the way consumers live, work and shop and three years later, most m...
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Phoenix Office Market Slow, But Holding Up Better than Other Cities 4/24/23 This report provided by real estate services firm Avison Young
While office rental rates fell slightly for both class B and C buildings in Phoenix, average rents increased for class A space as demand for trophy office proper...
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Industrial Construction in the Inland Empire Catching Up to Demand 4/20/23 MARKET OVERVIEW
The Inland Empire’s industrial market continued to notice the increase in construction shaping up from the impact of demand caused by the pandemic and supply chain challenges that are now a distant memory. Wi...
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Sacramento Industrial Market Showing Signs of Slowing 4/17/23 This report provided by real estate services firm Kidder Mathews
MARKET HIGHLIGHTS
• Average asking lease rates are $0.80/SF.
• Direct vacancy rates increased YOY from 3.5% to 4.4%.
• Sales transactions decreased by 22.7% Y...
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