Sentences with phrase «ft. office vacancy»

In the Silicon Valley, rents went up by 28.1 percent since the second quarter of 2013, to $ 49.20 per sq. ft. Office vacancy here averages 7.0 percent.

Not exact matches

Office vacancies jumped from 8.6 % in first - quarter 2001 to 14.7 % in first - quarter 2002, according to Reis, which tracks an inventory of approximately 3.2 billion sq. ft. (see NREI's June 2002 issue).

Total office vacancy in East Plano averaged 18.9 percent in the fourth quarter of 2016, according to real estate services firm CBRE, and year - to - date net space absorption in the city was 1.78 million sq. ft.. That breaks down to 1.2 million sq. ft. for class - A space and 483,000 sq. ft. for class - B space for the year.

As overall office vacancy dropped to 15.6 percent, rents ticked up 3.7 percent to $ 2.78 per sq. ft., from $ 2.72 per sq. ft. the previous year, and nearly 2.3 million sq. ft. of new office space got under construction.

Total office vacancy for Washington D.C. stands at 12.5 percent, according to JLL, and year - to - date net absorption is at negative 218,756 sq. ft.

Total office vacancy for Washington D.C. stands at 12.5 percent, according to JLL, and year - to - date net absorption is at negative 218,756 sq. ft. Overall vacancy decreased eight basis points in the first quarter, however, because 390,286 sq. ft. of existing office space was demolished.

And with 4.4 million sq. ft. of office space scheduled to be completed this year, the vacancy rate for offices could nudge above 20 % for a brief period, he said.

In fact, Orange County experienced negative absorption of about 1.4 million sq. ft. for the year through the end of the third quarter, and office vacancy shot up more than 300 basis points to 11.5 %, according to Grubb & Ellis.

For example, this year, for an office building, a lender might use a 10 % vacancy figure and 50 cents per sq. ft. for tenant improvements, while last year the same lender looking at the same building might have applied a 5 % vacancy rate and 25 cents per sq. ft. during the underwriting process.

Vacancy is not expected to rise rapidly, but with an estimated 91 million sq. ft. of new office space under construction nationally, demand may not be able keep pace with deliveries in 2017, according to the Colliers report.

Our rankings were based on a number of metrics, including average vacancy rates for medical office properties, rents per sq. ft., building sales volumes, prices per sq. ft. and volume of recent space completions.

Where else can the overall office vacancy rate cling tenaciously to the 10 % level while there is about 5 million sq. ft. of office space under construction or can industry developers add 15 million sq. ft. in one year...

While vacancy rates were on the decline over the past year (from 5.60 per cent in the fourth quarter of 2007 to 4.50 per cent in 2008) and rents continued to escalate ($ 21.36 to $ 22.90 per sq. ft. for the same period), softening demand due to weak economic conditions and the expected supply of several million square feet of new office space will pose challenges for some of the prestigious towers in Toronto's financial district during 2009 and 2010.

Ottawa — Like Calgary, the Ottawa office market saw a rise in vacancy rate over the past 12 months from 5.60 per cent to 6.30 per cent and stable rents of $ 17.23 per sq. ft.. Yet the market is expected to remain solid thanks to the stabilizing presence of the federal government, although a slight increase in vacancies is expected to occur due primarily to new supply and some space - juggling before it is absorbed relatively quickly both by the private and public sectors.

To reach a vacancy rate of even just 15 %, though, Atlanta would need to absorb more than 10 million sq. ft. of office space, requiring the addition of 70,000 new office jobs.

However, with the delivery of three new office buildings totaling 1.6 million sq. ft. of vacant space in the first quarter — Phipps Tower and 3630 Peachtree in Buckhead, and 1075 Peachtree in Midtown — overall vacancy rates continued to rise despite the positive absorption numbers.

Overall office vacancy in the city averaged 8.5 percent, and average asking rent is $ 35.60 per sq. ft.

Not surprisingly, office rents in San Francisco rose 30.7 percent over a two - year period, to $ 67.99 per sq. ft. Vacancy here was also the lowest of any market on this list, at 5.7 percent.

Office rents in Pittsburgh have risen 12.4 percent over the past two years, to $ 21.13 per sq. ft. Vacancy in the city's office market currently averages 10.4 peOffice rents in Pittsburgh have risen 12.4 percent over the past two years, to $ 21.13 per sq. ft. Vacancy in the city's office market currently averages 10.4 peoffice market currently averages 10.4 percent.

There will be an increase in office vacancy this year to 10.8 percent, however, as developers complete 3.1 million sq. ft. of new space, most of it in class - A buildings.