January | February 2018 41
Class A Class B Class C
18%
16
14
12
10
8
6
4
2
0
2008 2009 2010 2013 2014 2015 2016 2017
YTD
2012 2011
Top 10 U.S. Multifamily Markets
Tom
Fawls
Lisa-Blue
CCIM.COM
Source: Avison Young
* Kilopound per square foot
Despite Surging Workforce,
Denver's Demand Is Not
Meeting New Office Supply
{
W E S T
}
Source: Yardi Matrix
Market
YOY Rent
Growth as of
Sept. 2017
YOY Job
Growth as of
July 2017
Occupancy
Rates as of
Aug. 2016
Occupancy
Rates as of
Aug. 2017
Sacramento, Calif. 7.30% 1.70% 96.90% 96.90%
Seattle 5.80% 2.80% 96.20% 95.90%
Inland Empire, Calif. 4.50% 3.30% 96.50% 95.90%
Twin Cities, Minn. 3.70% 2.30% 97.70% 97.60%
Orlando, Fla. 3.60% 3.70% 96.20% 96.20%
Phoenix 3.60% 2.50% 95.10% 94.90%
Los Angeles 3.50% 1.60% 96.90% 96.40%
Atlanta 3.10% 3.50% 94.90% 94.70%
Orange County, Calif. 2.90% 0.90% 96.90% 96.30%
San Jose, Calif. 2.90% 1.60% 96.00% 96.10%
Q2
2013
Square
feet
(thousands)
Q2
2014
Q2
2015
Q2
2016
Q2
2017
2,500
2,000
1,500
1,000
500
0
Suburban
Downtown
Completions (12 mos.)
Under Construction
Completions (12 mos.)
Under Construction
Source: MB Real Estate 3Q 2017
Chicago Market Overview
Chicago Office
Vacancy Rates
Up Slightly After
Steady Decline
27 ksf*
Absorption
12%
Vacancy rate
4.4 msf
Under Construction
2.4 msf
Completions
{
M I D W E S T
}