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National Market Reports

National Office Market

3Q18 National Market Reports

U.S. office market conditions held steady during the fourth quarter of 2018. Absorption was positive and increased significantly compared with the nation's performance one year ago. Rents rose 3.3% from the fourth quarter of 2017, and vacancy declined 40 basis points despite the delivery of 8.6 million square feet of new product. The construction pipeline remains robust, and is an indicator to watch in this mature phase of the cycle. However, overall market conditions suggest the expansion will continue throughout 2019.

Average Asking Rent (Price/SF)                $28.46
Vacancy Rate (%)                  13.1%
Net Absorption (SF)        14,892,171

National Industrial Market

National Industrial Market

The U.S. industrial market experienced a steady increase in asking rents along with tightening vacancy during the fourth quarter of 2018. Industrial space under construction rose to a new cyclical high during the fourth quarter, as developers seek to capitalize on the consistency of the industrial asset class.

Average Asking Rent (Price/SF)             $7.16
Vacancy Rate (%)               5.0%
Net Absorption (SF)   60,267,740


National Office Market Report
4Q18
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National Industrial Market Report
4Q18
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