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May | June | 2014 CCIM.com
Á
S O U T H
Offi ce Demand Forecast
Texas markets hold the top three spots for of ce demand this year
RANK MSA
VACANCY
2014F (BPS)
RENT GROWTH
2014F (%)
Houston ↓ 100 ↑ 5.4
Austin, Texas
↓ 80 ↑ 3.8
Dallas/Fort Worth
↓ 160 ↑ .8
San Jose, Calif.
↓ 130 ↑ 6.8
Salt Lake City
↓ 100 ↑ 4.2
Source: Marcus & Millichap
Ä
N O R T H
"Unprecedented demand for multi-unit
residential and hotels also characterized the
fi rst six months of the year. Toronto's appeal
is on the upswing with wealthier nations
looking to safeguard their money in stable
markets such as Canada."
— Re/Max Commercial Investor Report 2013
Á
N A T I O N A L
Self-Storage
Trends
"Nationwide, the median price [for
self-storage facilities] increased 11
percent last year to $73 psf. The
price psf for assets in the West and
Midwest outpaced the rest of the
nation, rising 22 percent to $80 psf
and $62 psf, respectively."
— Marcus & Millichap Self-Storage
Research, 1Q14
W E S T
Top 5 U.S.
Warehouse Markets
by lowest vacancy, YE2013
Honolulu 2.7%
Los Angeles 2.9
Bakersfi eld, Calif. 3.2
Inland Empire, Calif. 4.2
Orange County, Calif. 4.4
Source: Colliers International
Á
M I D W E S T
Retail Vacancy
"2013 was the year of class A recovery in the heartland."
Source: Cassidy Turley
Cincinnati/Dayton, Ohio
Des Moines, Iowa
Indianapolis
Minneapolis/St. Paul
Market % Vacancy rate
0
2
4
6 8 10 12
4Q13
4Q12
11.5%
6.7%
9.8%
12.0%
7.0%
10.0%
6.7%
7.3%
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