2014 Blue. Book. Quarterly Market Comparison Report. Source: Reis.com 1

Transcript

1 2014 Blue Book Quarterly Market Comparison Report Source: Reis.com 1

2 TABLE OF CONTENTS TRENDS OF... 2 OFFICE... 2 RETAIL... 2 MULTI-FAMILY... 2 INDUSTRIAL-WAREHOUSE... 2 INDUSTRIAL-FLEX... 2 Source: Reis.com 2

3 TRENDS OF OFFICE Market with the highest vacancy rate: Toledo, OH 30.3 Market with the lowest vacancy rate: Queens, NY 7.8 Market with the greatest % increase in vacancy rate: Huntsville, AL 25.5% Market with the greatest % decrease in vacancy rate: Eugene, OR -26.0% Market with the highest asking rent: New York, NY $60.21 Market with the lowest asking rent: Youngstown, OH $10.79 Market with the greatest % increase in asking rent: San Jose, CA 5.9% Market with the greatest % decrease in asking rent: Savannah, GA -3.2% RETAIL Market with the highest vacancy rate: Longview, TX 28.2 Market with the lowest vacancy rate: San Francisco, CA 3.4 Market with the greatest % increase in vacancy rate: Spokane, WA 36.1 Market with the greatest % decrease in vacancy rate: San Jose, CA -22% Market with the highest asking rent: Westchester, NY $36.50 Market with the lowest asking rent: Longview, TX $9.76 Market with the greatest % increase in asking rent: Long Island, NY 3.20% Market with the greatest % decrease in asking rent: Kennewick-Richland-Pasco -1.20% MULTI-FAMILY Market with the highest vacancy rate: Sierra Vista-Douglas, AZ 15.2 Market with the lowest vacancy rate: Ames, IA 1.1 Market with the greatest % increase in vacancy rate: San Luis Obispo, CA 128.6% Market with the greatest % decrease in vacancy rate: Florence, AL -45.8% Market with the highest asking rent: New York, NY $3,187 Market with the lowest asking rent: Mansfield, OH $440 Market with the greatest % increase in asking rent: Naples, FL 7.6% Market with the greatest % decrease in asking rent: Sierra Vista-Douglas, AZ -2.0% Source: Reis.com 3

4 TRENDS OF WAREHOUSE Market with the highest vacancy rate: Phoenix, AZ 16.9 Market with the lowest vacancy rate: San Antonio, TX 5.7 Market with the greatest % increase in vacancy rate: Suburban, VA 10.8% Market with the greatest % decrease in vacancy rate: San Antonio, TX -18.6% Market with the highest asking rent: Suburban, VA $8.52 Market with the lowest asking rent: Memphis, TN $2.52 Market with the greatest % increase in asking rent: Houston, TX 3.9% Market with the greatest % decrease in asking rent: Richmond, VA -0.8% FLEX Market with the highest vacancy rate: Columbus, OH 21.6 Market with the lowest vacancy rate: Los Angeles, CA 4.9 Market with the greatest % increase in vacancy rate: Nashville, TN 15.1% Market with the greatest % decrease in vacancy rate: San Francisco, CA -33.7% Market with the highest asking rent: San Francisco, CA $14.06 Market with the lowest asking rent: Columbus, OH $5.03 Market with the greatest % increase in asking rent: Houston, TX 2.3% Market with the greatest % decrease in asking rent: Pittsburgh, PA -0.8% Source: Reis.com 4

5 OFFICE Source: Reis.com 5

6 OFFICE United s % $28.66 $ % Midwest Region % $22.34 $ % Northeast Region % $39.10 $ % South Atlantic Region % $26.47 $ % Southwest Region % $21.96 $ % West Region % $27.99 $ % United s South Atlantic Region Midwest Region Southwest Region Northeast Region Western Region Source: Reis.com

7 OFFICE Source: Reis.com 7 Anchorage AK % $25.93 $ % Birmingham AL % $19.09 $ % Huntsville AL % $16.53 $ % Mobile AL % $16.46 $ % Montgomery AL % $16.43 $ % Little Rock AR % $15.74 $ % Phoenix AZ % $22.40 $ % Tucson AZ % $21.38 $ % Bakersfield CA % $19.44 $ % Carmel/Monterey CA % $22.90 $ % Chico CA % $15.70 $ % Fresno CA % $20.02 $ % Los Angeles CA % $32.59 $ % Modesto CA % $17.47 $ % Oakland-East Bay CA % $26.21 $ % Orange County CA % $27.21 $ % Redding CA % $15.09 $ % Sacramento CA % $23.66 $ % San Bernardino/Riverside CA % $21.31 $ % San Diego CA % $28.42 $ % San Francisco CA % $42.62 $ % San Jose CA % $30.96 $ % San Luis Obispo CA % $17.82 $ % Santa Barbara CA % $25.09 $ % Santa Cruz-Watsonville CA % $20.42 $ % Santa Rosa CA % $21.04 $ % Stockton CA % $17.46 $ % Vallejo-Fairfield CA % $22.72 $ % Ventura County CA % $24.20 $ % Visalia CA % $15.24 $ % Boulder CO % $19.35 $ % Colorado Springs CO % $16.43 $ % Denver CO % $21.95 $ % Fort Collins CO % $18.86 $ % Fairfield County CT % $34.74 $ % Hartford CT % $21.19 $ % New Haven CT % $20.74 $ % District of Columbia DC % $50.19 $ %

8 OFFICE Source: Reis.com 8 Wilmington DE % $22.42 $ % Daytona Beach FL % $14.73 $ % Fort Lauderdale FL % $25.44 $ % Fort Myers FL % $16.82 $ % Fort Pierce FL % $17.09 $ % Fort Walton Beach FL % $14.34 $ % Gainesville FL % $14.88 $ % Jacksonville FL % $18.44 $ % Lakeland FL % $16.06 $ % Melbourne FL % $17.88 $ % Miami FL % $30.32 $ % Naples FL % $24.02 $ % Orlando FL % $21.31 $ % Palm Beach FL % $28.30 $ % Pensacola FL % $17.64 $ % Sarasota FL % $19.95 $ % Tallahassee FL % $19.32 $ % Tampa-St. Petersburg FL % $21.18 $ % Atlanta GA % $21.60 $ % Augusta GA % $16.39 $ % Columbus GA % $13.71 $ % Macon GA % $14.33 $ % Savannah GA % $19.78 $ % Honolulu HI % $32.42 $ % Des Moines IA % $15.29 $ % Boise ID % $17.31 $ % Chicago IL % $27.91 $ % Davenport-Moline IL % $13.33 $ % Peoria IL % $13.50 $ % Rockford IL % $14.69 $ % Bloomington IN % $13.46 $ % Elkhart IN % $11.61 $ % Evansville IN % $13.09 $ % Fort Wayne IN % $13.45 $ % Indianapolis IN % $17.82 $ % Wichita KS % $14.35 $ % Lexington KY % $17.06 $ % Louisville KY % $16.28 $ %

9 OFFICE Source: Reis.com 9 Baton Rouge LA % $18.53 $ % Lafayette LA % $15.24 $ % New Orleans LA % $18.26 $ % Shreveport LA % $15.35 $ % Boston MA % $36.71 $ % Springfield MA % $15.04 $ % Worcester MA % $20.47 $ % Baltimore MD % $23.40 $ % Suburban Maryland MD % $28.16 $ % Portland ME % $15.92 $ % Detroit MI % $18.95 $ % Flint MI % $14.21 $ % Grand Rapids MI % $13.84 $ % Lansing MI % $15.26 $ % Minneapolis MN % $22.24 $ % Kansas City MO % $19.20 $ % Springfield MO % $14.85 $ % St. Louis MO % $20.57 $ % Biloxi-Gulfport MS % $15.75 $ % Jackson MS % $16.76 $ % Asheville NC % $17.78 $ % Charlotte NC % $21.76 $ % Fayetteville NC % $17.66 $ % Greensboro/Winston-Salem NC % $16.33 $ % Raleigh-Durham NC % $20.33 $ % Wilmington NC % $17.58 $ % Fargo ND % $15.78 $ % Lincoln NE % $15.27 $ % Omaha NE % $17.23 $ % Manchester-Nashua NH % $14.90 $ % Atlantic-Cape May NJ % $21.08 $ % Central New Jersey NJ % $23.85 $ % Northern New Jersey NJ % $27.71 $ % Albuquerque NM % $16.20 $ % Las Vegas NV % $23.85 $ % Reno NV % $19.59 $ % Albany NY % $17.11 $ % Brooklyn NY % $34.83 $ %

10 OFFICE Source: Reis.com 10 Buffalo NY % $17.01 $ % Long Island NY % $26.80 $ % New York NY % $60.21 $ % Queens NY % $27.62 $ % Rochester NY % $16.36 $ % Syracuse NY % $15.99 $ % Westchester NY % $28.51 $ % Akron OH % $16.81 $ % Canton OH % $12.93 $ % Cincinnati OH % $18.70 $ % Cleveland OH % $18.68 $ % Columbus OH % $18.07 $ % Dayton OH % $14.59 $ % Toledo OH % $14.59 $ % Youngstown OH % $10.90 $ % Oklahoma City OK % $14.95 $ % Tulsa OK % $14.72 $ % Eugene OR % $17.85 $ % Medford/Klamath Falls OR % $17.14 $ % Portland OR % $21.76 $ % Salem OR % $18.09 $ % Allentown PA % $17.15 $ % Harrisburg PA % $16.48 $ % Lancaster PA % $15.71 $ % Philadelphia PA % $24.71 $ % Pittsburgh PA % $21.03 $ % Scranton/Wilkes-Barre PA % $13.44 $ % Providence RI % $20.58 $ % Charleston SC % $21.35 $ % Columbia SC % $15.98 $ % Greenville SC % $16.73 $ % Myrtle Beach SC % $14.64 $ % Sioux Falls SD % $14.46 $ % Chattanooga TN % $14.75 $ % Knoxville TN % $15.95 $ % Memphis TN % $18.28 $ % Nashville TN % $20.33 $ % Abilene TX % $11.10 $ %

11 OFFICE Source: Reis.com 11 Amarillo TX % $12.21 $ % Austin TX % $26.30 $ % Beaumont TX % $15.03 $ % Brownsville-Harlingen TX % $14.82 $ % College Station-Bryan TX % $16.57 $ % Corpus Christi TX % $13.89 $ % Dallas TX % $20.08 $ % El Paso TX % $15.41 $ % Fort Worth TX % $19.52 $ % Houston TX % $25.35 $ % Killeen-Fort Hood TX % $14.30 $ % Longview TX % $12.76 $ % Lubbock TX % $13.58 $ % McAllen TX % $18.73 $ % Odessa-Midland TX % $12.81 $ % San Antonio TX % $20.15 $ % Sherman-Denison TX % $13.68 $ % Tyler TX % $14.67 $ % Waco TX % $14.60 $ % Wichita Falls TX % $12.68 $ % Provo-Orem UT % $16.71 $ % Salt Lake City UT % $18.35 $ % Charlottesville VA % $18.82 $ % Lynchburg VA % $16.02 $ % Norfolk/Hampton Roads VA % $19.09 $ % Richmond VA % $18.45 $ % Roanoke VA % $17.33 $ % Suburban Virginia VA % $32.01 $ % Bellingham WA % $15.80 $ % Bremerton-Silverdale WA % $17.92 $ % Kennewick-Richland-Pasco WA % $16.87 $ % Olympia WA % $16.36 $ % Seattle WA % $29.52 $ % Spokane WA % $17.13 $ % Tacoma WA % $20.21 $ % Appleton-Oshkosh WI % $14.76 $ % Madison WI % $19.32 $ % Milwaukee WI % $19.05 $ %

12 RETAIL Source: Reis.com 12

13 RETAIL United s % $19.14 $ % Midwest Region % $15.96 $ % Northeast Region % $20.54 $ % South Atlantic Region % $18.15 $ % Southwest Region % $15.65 $ % West Region % $23.31 $ % United s South Atlantic Region Midwest Region Southwest Region Northeast Region Western Region Source: Reis.com 13

14 RETAIL Source: Reis.com 14 Anchorage AK % $19.60 $ % Birmingham AL % $14.66 $ % Huntsville AL % $14.41 $ % Mobile AL % $12.90 $ % Montgomery AL % $11.08 $ % Little Rock AR % $12.63 $ % Phoenix AZ % $18.84 $ % Tucson AZ % $16.85 $ % Bakersfield CA % $21.00 $ % Carmel/Monterey CA % $21.36 $ % Chico CA % $14.01 $ % Fresno CA % $17.23 $ % Hanford-Corcoran CA % $12.60 $ % Los Angeles CA % $29.33 $ % Merced CA % $15.30 $ % Modesto CA % $17.97 $ % Oakland-East Bay CA % $27.87 $ % Orange County CA % $31.03 $ % Redding CA % $15.64 $ % Sacramento CA % $21.82 $ % San Bernardino/Riverside CA % $20.57 $ % San Diego CA % $28.63 $ % San Francisco CA % $32.99 $ % San Jose CA % $30.99 $ % San Luis Obispo CA % $20.93 $ % Santa Barbara CA % $25.26 $ % Santa Cruz-Watsonville CA % $20.95 $ % Santa Rosa CA % $25.23 $ % Stockton CA % $19.23 $ % Vallejo-Fairfield CA % $20.07 $ % Ventura County CA % $28.70 $ % Visalia CA % $17.17 $ % Boulder CO % $17.84 $ % Colorado Springs CO % $13.86 $ % Denver CO % $16.89 $ % Fort Collins CO % $16.01 $ % Fairfield County CT % $27.98 $ % Hartford CT % $17.45 $ %

15 RETAIL Source: Reis.com 15 New Haven CT % $16.33 $ % Wilmington DE % $21.08 $ % Daytona Beach FL % $15.51 $ % Fort Lauderdale FL % $19.01 $ % Fort Myers FL % $15.64 $ % Fort Pierce FL % $16.83 $ % Fort Walton Beach FL % $15.04 $ % Gainesville FL % $16.92 $ % Jacksonville FL % $15.26 $ % Lakeland FL % $13.88 $ % Melbourne FL % $14.45 $ % Miami FL % $24.24 $ % Naples FL % $21.28 $ % Orlando FL % $17.51 $ % Palm Beach FL % $21.63 $ % Pensacola FL % $13.18 $ % Sarasota FL % $15.44 $ % Tallahassee FL % $15.31 $ % Tampa-St. Petersburg FL % $14.27 $ % Albany GA % $10.71 $ % Athens GA % $18.28 $ % Atlanta GA % $17.29 $ % Augusta GA % $13.22 $ % Columbus GA % $13.88 $ % Macon GA % $12.13 $ % Savannah GA % $22.03 $ % Honolulu HI % $33.45 $ % Des Moines IA % $12.56 $ % Boise ID % $14.57 $ % Chicago IL % $19.11 $ % Davenport-Moline IL % $12.90 $ % Peoria IL % $13.52 $ % Rockford IL % $10.03 $ % Bloomington IN % $14.69 $ % Elkhart IN % $10.46 $ % Evansville IN % $10.65 $ % Fort Wayne IN % $11.04 $ % Gary-Hammond IN % $13.15 $ %

16 RETAIL Source: Reis.com 16 Indianapolis IN % $14.52 $ % Kokomo IN % $13.46 $ % Wichita KS % $12.15 $ % Lexington KY % $13.88 $ % Louisville KY % $15.80 $ % Baton Rouge LA % $12.93 $ % New Orleans LA % $15.07 $ % Boston MA % $21.89 $ % Springfield MA % $15.01 $ % Worcester MA % $19.49 $ % Baltimore MD % $21.40 $ % Suburban Maryland MD % $25.26 $ % Portland ME % $16.49 $ % Ann Arbor MI % $15.74 $ % Detroit MI % $16.93 $ % Flint MI % $17.08 $ % Grand Rapids MI % $11.43 $ % Lansing MI % $10.82 $ % Minneapolis MN % $17.75 $ % Kansas City MO % $14.08 $ % Springfield MO % $10.48 $ % St. Louis MO % $14.65 $ % Biloxi-Gulfport MS % $12.42 $ % Hattiesburg MS % $11.27 $ % Jackson MS % $14.48 $ % Asheville NC % $14.57 $ % Charlotte NC % $17.91 $ % Fayetteville NC % $11.41 $ % Greensboro/Winston-Salem NC % $14.09 $ % Hickory-Morganton NC % $13.96 $ % Raleigh-Durham NC % $17.84 $ % Wilmington NC % $15.69 $ % Fargo ND % $11.63 $ % Lincoln NE % $13.08 $ % Omaha NE % $13.72 $ % Manchester-Nashua NH % $16.58 $ % Atlantic-Cape May NJ % $16.85 $ % Central New Jersey NJ % $22.31 $ %

17 RETAIL Source: Reis.com 17 Northern New Jersey NJ % $27.94 $ % Albuquerque NM % $14.44 $ % Las Vegas NV % $20.92 $ % Reno NV % $20.13 $ % Albany NY % $15.37 $ % Buffalo NY % $12.00 $ % Long Island NY % $25.61 $ % Rochester NY % $12.97 $ % Syracuse NY % $12.62 $ % Westchester NY % $35.83 $ % Akron OH % $12.87 $ % Canton OH % $13.76 $ % Cincinnati OH % $14.75 $ % Cleveland OH % $14.92 $ % Columbus OH % $12.69 $ % Dayton OH % $10.56 $ % Toledo OH % $11.77 $ % Youngstown OH % $11.62 $ % Oklahoma City OK % $11.41 $ % Tulsa OK % $11.23 $ % Portland OR % $20.24 $ % Salem OR % $16.07 $ % Allentown PA % $18.16 $ % Harrisburg PA % $14.66 $ % Lancaster PA % $15.63 $ % Philadelphia PA % $19.84 $ % Pittsburgh PA % $16.36 $ % Scranton/Wilkes-Barre PA % $14.58 $ % Providence RI % $20.91 $ % Charleston SC % $13.50 $ % Columbia SC % $12.26 $ % Greenville SC % $11.77 $ % Myrtle Beach SC % $15.05 $ % Sioux Falls SD % $11.44 $ % Chattanooga TN % $12.36 $ % Knoxville TN % $13.92 $ % Memphis TN % $13.50 $ % Nashville TN % $15.35 $ %

18 RETAIL Abilene TX % $11.43 $ % Amarillo TX % $10.29 $ % Austin TX % $20.30 $ % Beaumont TX % $12.54 $ % Brownsville-Harlingen TX % $12.89 $ % College Station-Bryan TX % $15.14 $ % Corpus Christi TX % $15.19 $ % Dallas TX % $16.61 $ % El Paso TX % $14.29 $ % Fort Worth TX % $14.39 $ % Houston TX % $16.21 $ % Killeen-Fort Hood TX % $14.09 $ % Longview TX % $9.85 $ % Lubbock TX % $10.87 $ % McAllen TX % $16.78 $ % Odessa-Midland TX % $10.75 $ % San Angelo TX % $12.24 $ % San Antonio TX % $14.97 $ % Tyler TX % $11.50 $ % Waco TX % $12.42 $ % Wichita Falls TX % $14.17 $ % Provo-Orem UT % $19.14 $ % Salt Lake City UT % $16.07 $ % Lynchburg VA % $12.28 $ % Norfolk/Hampton Roads VA % $15.02 $ % Richmond VA % $15.95 $ % Roanoke VA % $12.64 $ % Suburban Virginia VA % $27.73 $ % Bellingham WA % $15.98 $ % Bremerton-Silverdale WA % $15.44 $ % Kennewick-Richland-Pasco WA % $14.47 $ % Olympia WA % $18.41 $ % Seattle WA % $22.98 $ % Spokane WA % $16.92 $ % Tacoma WA % $18.82 $ % Appleton-Oshkosh WI % $10.59 $ % Madison WI % $14.28 $ % Milwaukee WI % $15.08 $ % Source: Reis.com 18

19 MULTI-FAMILY Source: Reis.com 19

20 MULTI-FAMILY United s % $1,104 $1, % Midwest Region % $887 $ % Northeast Region % $1,590 $1, % South Atlantic Region % $992 $1, % Southwest Region % $824 $ % West Region % $1,252 $1, % United s South Atlantic Region Midwest Region Southwest Region Northeast Region Western Region Source: Reis.com 20

21 MULTI-FAMILY Anchorage AK % $1,089 $1, % Auburn AL % $673 $ % Birmingham AL % $759 $ % Decatur AL % $454 $ % Dothan AL % $548 $ % Florence AL % $480 $ % Huntsville AL % $632 $ % Mobile AL % $644 $ % Montgomery AL % $710 $ % Tuscaloosa AL % $733 $ % Fayetteville AR % $570 $ % Fort Smith AR % $455 $ % Little Rock AR % $688 $ % Texarkana AR % $600 $ % Flagstaff AZ % $970 $1, % Phoenix AZ % $785 $ % Sierra Vista-Douglas AZ % $696 $ % Tucson AZ % $683 $ % Yuma AZ % $694 $ % Bakersfield CA % $868 $ % Carmel/Monterey CA % $1,163 $1, % Chico CA % $879 $ % El Centro CA % $767 $ % Fresno CA % $833 $ % Hanford-Corcoran CA % $748 $ % Los Angeles CA % $1,465 $1, % Merced CA % $714 $ % Modesto CA % $845 $ % Oakland-East Bay CA % $1,439 $1, % Orange County CA % $1,604 $1, % Redding CA % $767 $ % Sacramento CA % $961 $ % San Bernardino/Riverside CA % $1,084 $1, % San Diego CA % $1,410 $1, % San Francisco CA % $2,049 $2, % San Jose CA % $1,677 $1, % San Luis Obispo CA % $954 $ % Santa Barbara CA % $1,275 $1, % Santa Cruz-Watsonville CA % $1,555 $1, % Santa Rosa CA % $1,258 $1, % Stockton CA % $912 $ % Vallejo-Fairfield CA % $1,157 $1, % Ventura County CA % $1,453 $1, % Visalia CA % $794 $ % Yuba CA % $725 $ % Boulder CO % $999 $1, % Colorado Springs CO % $747 $ % Denver CO % $963 $1, % Fort Collins CO % $901 $ % Greeley CO % $727 $ % Pueblo CO % $638 $ % Fairfield County CT % $1,888 $1, % Source: Reis.com 21

22 MULTI-FAMILY Hartford CT % $1,032 $1, % New Haven CT % $1,149 $1, % District of Columbia DC % $1,517 $1, % Wilmington DE % $961 $ % Daytona Beach FL % $762 $ % Fort Lauderdale FL % $1,162 $1, % Fort Myers FL % $801 $ % Fort Pierce FL % $845 $ % Fort Walton Beach FL % $787 $ % Gainesville FL % $806 $ % Jacksonville FL % $823 $ % Lakeland FL % $746 $ % Melbourne FL % $756 $ % Miami FL % $1,132 $1, % Naples FL % $976 $1, % Ocala FL % $717 $ % Orlando FL % $911 $ % Palm Beach FL % $1,167 $1, % Panama City FL % $804 $ % Pensacola FL % $704 $ % Sarasota FL % $924 $ % Tallahassee FL % $836 $ % Tampa-St. Petersburg FL % $879 $ % Albany GA % $536 $ % Athens GA % $674 $ % Atlanta GA % $878 $ % Augusta GA % $658 $ % Columbus GA % $743 $ % Dalton GA % $595 $ % Gainesville GA % $742 $ % Macon GA % $656 $ % Savannah GA % $745 $ % Valdosta GA % $657 $ % Honolulu HI % $1,356 $1, % Ames IA % $767 $ % Cedar Rapids IA % $615 $ % Des Moines IA % $749 $ % Iowa City IA % $838 $ % Sioux City IA % $708 $ % Boise ID % $733 $ % Champaign IL % $714 $ % Chicago IL % $1,121 $1, % Davenport-Moline IL % $660 $ % Peoria IL % $642 $ % Rockford IL % $661 $ % Springfield IL % $664 $ % Bloomington IN % $736 $ % Elkhart IN % $694 $ % Evansville IN % $598 $ % Fort Wayne IN % $549 $ % Gary-Hammond IN % $796 $ % Indianapolis IN % $722 $ % Source: Reis.com 22

23 MULTI-FAMILY Kokomo IN % $561 $ % Lafayette IN % $731 $ % Muncie IN % $659 $ % South Bend IN % $700 $ % Terre Haute IN % $673 $ % Lawrence KS % $707 $ % Topeka KS % $611 $ % Wichita KS % $545 $ % Bowling Green KY % $625 $ % Lexington KY % $681 $ % Louisville KY % $691 $ % Alexandria LA % $634 $ % Baton Rouge LA % $770 $ % Houma LA % $818 $ % Lafayette LA % $804 $ % Lake Charles LA % $738 $ % Monroe LA % $630 $ % New Orleans LA % $897 $ % Shreveport LA % $741 $ % Boston MA % $1,834 $1, % Springfield MA % $950 $ % Worcester MA % $1,146 $1, % Baltimore MD % $1,076 $1, % Hagerstown MD % $841 $ % Salisbury MD % $899 $ % Suburban Maryland MD % $1,375 $1, % Portland ME % $1,058 $1, % Detroit MI % $871 $ % Flint MI % $564 $ % Grand Rapids MI % $686 $ % Jackson MI % $642 $ % Kalamazoo MI % $660 $ % Lansing MI % $735 $ % Saginaw MI % $626 $ % Duluth MN % $851 $ % Minneapolis MN % $1,020 $1, % Rochester MN % $895 $ % St. Cloud MN % $724 $ % Columbia MO % $735 $ % Kansas City MO % $740 $ % Springfield MO % $551 $ % St. Louis MO % $764 $ % Biloxi-Gulfport MS % $753 $ % Hattiesburg MS % $659 $ % Jackson MS % $710 $ % Asheville NC % $852 $ % Charlotte NC % $855 $ % Fayetteville NC % $698 $ % Greensboro/Winston-Salem NC % $687 $ % Greenville NC % $672 $ % Hickory-Morganton NC % $628 $ % Jacksonville NC % $842 $ % Source: Reis.com 23

24 MULTI-FAMILY Raleigh-Durham NC % $862 $ % Rocky Mount NC % $561 $ % Wilmington NC % $742 $ % Fargo ND % $705 $ % Lincoln NE % $700 $ % Omaha NE % $737 $ % Manchester-Nashua NH % $1,135 $1, % Portsmouth NH % $1,029 $1, % Atlantic-Cape May NJ % $977 $ % Central New Jersey NJ % $1,214 $1, % Northern New Jersey NJ % $1,590 $1, % Vineland NJ % $854 $ % Albuquerque NM % $742 $ % Las Cruces NM % $688 $ % Carson City NV % $702 $ % Las Vegas NV % $841 $ % Reno NV % $875 $ % Albany NY % $952 $ % Binghamton NY % $723 $ % Buffalo NY % $767 $ % Dutchess NY % $1,162 $1, % Ithaca NY % $1,174 $1, % Long Island NY % $1,640 $1, % New York NY % $3,054 $3, % Rochester NY % $817 $ % Syracuse NY % $732 $ % Utica NY % $661 $ % Westchester NY % $1,947 $1, % Akron OH % $706 $ % Canton OH % $585 $ % Cincinnati OH % $750 $ % Cleveland OH % $767 $ % Columbus OH % $729 $ % Dayton OH % $657 $ % Mansfield OH % $436 $ % Toledo OH % $603 $ % Youngstown OH % $510 $ % Lawton OK % $613 $ % Oklahoma City OK % $588 $ % Stillwater OK % $575 $ % Tulsa OK % $609 $ % Albany-Lebanon OR % $730 $ % Bend OR % $700 $ % Eugene OR % $747 $ % Medford/Klamath Falls OR % $639 $ % Portland OR % $899 $ % Salem OR % $670 $ % Allentown PA % $910 $ % Erie PA % $691 $ % Harrisburg PA % $820 $ % Lancaster PA % $899 $ % Philadelphia PA % $1,092 $1, % Source: Reis.com 24

25 MULTI-FAMILY Pittsburgh PA % $888 $ % Reading PA % $937 $ % Scranton/Wilkes-Barre PA % $897 $ % College PA % $998 $1, % York PA % $879 $ % Providence RI % $1,255 $1, % Charleston SC % $817 $ % Columbia SC % $747 $ % Greenville SC % $679 $ % Myrtle Beach SC % $754 $ % Rapid City SD % $762 $ % Sioux Falls SD % $731 $ % Chattanooga TN % $671 $ % Clarksville TN % $722 $ % Jackson TN % $701 $ % Johnson City TN % $618 $ % Knoxville TN % $621 $ % Memphis TN % $717 $ % Nashville TN % $809 $ % Abilene TX % $650 $ % Amarillo TX % $647 $ % Austin TX % $948 $ % Beaumont TX % $767 $ % Brownsville-Harlingen TX % $619 $ % College Station-Bryan TX % $747 $ % Corpus Christi TX % $755 $ % Dallas TX % $879 $ % El Paso TX % $711 $ % Fort Worth TX % $765 $ % Houston TX % $848 $ % Killeen-Fort Hood TX % $670 $ % Laredo TX % $747 $ % Longview TX % $673 $ % Lubbock TX % $708 $ % McAllen TX % $671 $ % Odessa-Midland TX % $1,032 $1, % San Angelo TX % $606 $ % San Antonio TX % $764 $ % Sherman-Denison TX % $614 $ % Tyler TX % $761 $ % Victoria TX % $710 $ % Waco TX % $655 $ % Wichita Falls TX % $639 $ % Provo-Orem UT % $796 $ % Salt Lake City UT % $794 $ % Blacksburg VA % $894 $ % Charlottesville VA % $1,000 $1, % Lynchburg VA % $709 $ % Norfolk/Hampton Roads VA % $925 $ % Richmond VA % $828 $ % Roanoke VA % $700 $ % Suburban Virginia VA % $1,581 $1, % Source: Reis.com 25

26 MULTI-FAMILY Bellingham WA % $783 $ % Bremerton-Silverdale WA % $909 $ % Kennewick-Richland-Pasco WA % $805 $ % Olympia WA % $869 $ % Seattle WA % $1,141 $1, % Spokane WA % $679 $ % Tacoma WA % $802 $ % Appleton-Oshkosh WI % $660 $ % Green Bay WI % $642 $ % Janesville WI % $667 $ % La Crosse WI % $665 $ % Madison WI % $869 $ % Milwaukee WI % $882 $ % Charleston WV % $747 $ % Huntington WV % $669 $ % Source: Reis.com 26

27 INDUSTRIAL-WAREHOUSE Source: Reis.com 27

28 INDUSTRIAL-WAREHOUSE United s % $4.72 $ % Midwest Region % $4.06 $ % Northeast Region % $5.24 $ % South Atlantic Region % $4.43 $ % Southwest Region % $4.31 $ % West Region % $5.51 $ % United s South Atlantic Region Midwest Region Southwest Region Northeast Region Western Region Source: Reis.com 28

29 INDUSTRIAL-WAREHOUSE Phoenix AZ % $5.30 $ % Los Angeles CA % $6.08 $ % Oakland-East Bay CA % $5.04 $ % Orange County CA % $6.20 $ % Sacramento CA % $4.18 $ % San Bernardino/Riverside CA % $4.25 $ % San Diego CA % $7.54 $ % San Francisco CA % $8.43 $ % San Jose CA % $6.90 $ % Denver CO % $4.57 $ % Fort Lauderdale FL % $6.09 $ % Jacksonville FL % $3.59 $ % Miami FL % $6.54 $ % Orlando FL % $4.48 $ % Palm Beach FL % $5.86 $ % Tampa-St. Petersburg FL % $4.82 $ % Atlanta GA % $3.51 $ % Chicago IL % $4.41 $ % Indianapolis IN % $3.87 $ % Boston MA % $6.28 $ % Baltimore MD % $5.09 $ % Suburban Maryland MD % $7.53 $ % Detroit MI % $3.76 $ % Minneapolis MN % $5.73 $ % Kansas City MO % $2.96 $ % St. Louis MO % $3.70 $ % Charlotte NC % $4.04 $ % Raleigh-Durham NC % $4.94 $ % Central New Jersey NJ % $5.03 $ % Northern New Jersey NJ % $5.65 $ % Long Island NY % $6.64 $ % Cincinnati OH % $3.15 $ % Cleveland OH % $4.04 $ % Columbus OH % $3.35 $ % Portland OR % $5.44 $ % Philadelphia PA % $4.33 $ % Pittsburgh PA % $4.34 $ % Memphis TN % $2.46 $ % Nashville TN % $3.44 $ % Austin TX % $6.50 $ % Dallas TX % $3.98 $ % Fort Worth TX % $3.79 $ % Houston TX % $4.59 $ % San Antonio TX % $4.72 $ % Richmond VA % $3.89 $ % Suburban Virginia VA % $8.50 $ % Seattle WA % $6.48 $ % Source: Reis.com 29

30 INDUSTRIAL-FLEX Source: Reis.com 30

31 INDUSTRIAL-FLEX United s % $28.66 $ % Midwest Region % $22.34 $ % Northeast Region % $39.10 $ % South Atlantic Region % $26.47 $ % Southwest Region % $21.96 $ % West Region % $27.99 $ % United s South Atlantic Region Midwest Region Southwest Region Northeast Region Western Region Source: Reis.com 31

32 INDUSTRIAL-FLEX Phoenix AZ % $10.02 $ % Los Angeles CA % $11.04 $ % Oakland-East Bay CA % $8.87 $ % Orange County CA % $10.09 $ % Sacramento CA % $8.03 $ % San Bernardino/Riverside CA % $7.23 $ % San Diego CA % $11.56 $ % San Francisco CA % $13.84 $ % San Jose CA % $13.73 $ % Denver CO % $7.52 $ % Fort Lauderdale FL % $8.55 $ % Jacksonville FL % $7.46 $ % Miami FL % $10.45 $ % Orlando FL % $7.27 $ % Palm Beach FL % $9.79 $ % Tampa-St. Petersburg FL % $7.46 $ % Atlanta GA % $5.93 $ % Chicago IL % $7.57 $ % Indianapolis IN % $6.72 $ % Boston MA % $12.00 $ % Baltimore MD % $8.94 $ % Suburban Maryland MD % $11.18 $ % Detroit MI % $6.44 $ % Minneapolis MN % $7.74 $ % Kansas City MO % $6.74 $ % St. Louis MO % $6.97 $ % Charlotte NC % $7.23 $ % Raleigh-Durham NC % $9.89 $ % Central New Jersey NJ % $8.65 $ % Northern New Jersey NJ % $8.38 $ % Long Island NY % $9.07 $ % Cincinnati OH % $5.97 $ % Cleveland OH % $7.10 $ % Columbus OH % $5.01 $ % Portland OR % $8.79 $ % Philadelphia PA % $7.07 $ % Pittsburgh PA % $7.74 $ % Memphis TN % $5.45 $ % Nashville TN % $7.29 $ % Austin TX % $8.80 $ % Dallas TX % $6.41 $ % Fort Worth TX % $6.67 $ % Houston TX % $6.81 $ % San Antonio TX % $7.79 $ % Richmond VA % $7.44 $ % Suburban Virginia VA % $11.66 $ % Seattle WA % $9.99 $ % Source: Reis.com 32

33 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Source: Reis.com 33 Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC.