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National Office Market

3Q18 National Market Reports

U.S. office market conditions held steady during the third quarter of 2018. Absorption was positive and increased compared with the nation's performance one year ago. Rents edged up from third-quarter 2017, and vacancy edged down 30 basis points-even with the delivery of 7.1 million square feet of new product. The construction pipeline remains robust, but new tariffs are leading to increased cost of some construction materials, posing a challenge for developers that are seeking to start new office projects.

Average Asking Rent (Price/SF)                $28.20
Vacancy Rate (%)                  13.3%
Net Absorption (SF)        13,441,424

National Industrial Market

National Industrial Market

The U.S. industrial market saw an uptick in asking rents and consistent overall vacancy during the third quarter of 2018. After accelerating last quarter, net absorption decreased by nearly 13.0 million square feet during the third quarter. Despite fluctuations in quarterly absorption, the overall strength and consistency of the market suggest that the industrial asset class can justify the consistently large construction totals seen over the past several quarters.

Average Asking Rent (Price/SF)             $6.96
Vacancy Rate (%)               5.1%
Net Absorption (SF)   49,683,058


National Office Market Report
3Q18
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National Industrial Market Report
3Q18
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