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U.S. Market Reports

National Market Reports

National Office Market

Average Asking Rent (Price/SF)              $27.68
Vacancy Rate (%)               13.5%
Net Absorption (SF)        5,175,395

U.S. office market conditions were stable during the first quarter. Absorption increased compared with the nation's performance one year ago. Rents ticked up from first-quarter 2017, albeit at a moderate pace, and vacancy edged down 10 basis points-even with the delivery of 11.1 million square feet of new product. The construction pipeline remains robust, but the potential for tariff escalations may impact the cost of construction materials, which could prevent some projects from penciling.

National Industrial Market

Average Asking Rent (Price/SF)             $6.67
Vacancy Rate (%)               5.3%
Net Absorption (SF)   45,672,236

The U.S. industrial market recorded rising asking rents and consistent overall vacancy through the first quarter of 2018. Although net absorption decelerated modestly, the industrial asset class continues to attract investor interest, while construction keeps up with strong tenant demand.

National Office Market Report
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National Industrial Market Report
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