OFFICE MARKET
2025 Q1
| indicator | CLASS A | CLASS B | CLASS C | TOTAL |
|---|---|---|---|---|
| Total Inventory (SF) | 9M | 11M | 5M | 25M |
| Availability Rate (%) | 15.5% | 11.6% | 6.0% | 12.0% |
| Vacancy Rate (%) | 9.1% | 8.1% | 4.1% | 7.7% |
| Average Asking Rate ($/SF) | $2.36 | $1.79 | $1.60 | $2.05 |
| Net Absorption (SF) | 57K | 6K | -2K | 61K |
| Under Construction (SF) | 0 | 0 | 0 | 0 |
INDUSTRIAL MARKET
2025 Q1
| INDICATOR | WEST | EAST | NORTH | TOTAL |
|---|---|---|---|---|
| Total Inventory (SF) | 355M | 310M | 24M | 689M |
| Available Inventory (SF) | 28M | 38M | 4M | 71M |
| Vacancy Rate (%) | 4.7% | 8.9% | 14.2% | 6.9% |
| Average Asking Rate ($/SF) | $1.18 | $0.98 | $0.86 | $1.11 |
| Net Absorption (SF) | 2M | 1M | -15K | -2M |
| Under Construction (SF) | 6M | 4M | 1M | 11M |
RETAIL MARKET
2025 Q1
| INDICATOR | LIFESTYLE & MALL |
NEIGHBORHOOD, COMMUNITY & STRIP |
STREET, FREESTANDING, OTHER |
POWER | TOTAL |
|---|---|---|---|---|---|
| Total Inventory (SF) | 11M | 87M | 61M | 18M | 177M |
| Availability Rate (%) | 10.0% | 8.7% | 3.7% | 6.1% | 6.8% |
| Average Asking Rate ($/SF) | $1.80 | $1.65 | N/A | $1.65 | $1.72 |
| Net Absorption (SF) | -90K | -167K | 9K | -113K | -361K |