Local Economy


Availability (5 Year Average)
  Industrial Office Retail
Rent Per SF $5.23 $26.28 $20.61
Vacancy Rate 5.6% 10.6% 3.9%
Vacancy SF 541,417 810,112 315,694
Availability Rate 8.5% 12.1% 4.9%
Available SF 817,069 943,649 398,800



Inventory (5 Year Average)
  Industrial Office Retail
Existing Builldings 131 238 345
Existing SF 9,603,574 7,679,228 8,077,252
12 Mo. Construct. Starts 77,908 122,542 174,676
Under Construction 37,696 115,201 133.645
12 Mo. Deliveries 103,877 137,714 183,261
Demand
  Industrial Office Retail
12 Mo. Absorption SF 135,908 213,623 178,614
12 Mo. Leasing SF 425,494 462,593 220,042


Source:  CoStar December 2017