Report Highlights:
· The retail market vacancy rate decreased to 3.2%, and the average direct asking rate continued to increase, hitting $43 NNN.
· The office market vacancy rate decreased 0.4%, and the direct asking rate increased by over $3 PSF to $57.09 for Class A space.
· The industrial market had an all-time low vacancy rate of 2.1% and the direct asking rate for warehouse and flex space increased.
· The retail market hit a new high direct asking rate, $26.56.
· The office market direct vacancy rate declined for the sixth consecutive quarter, asking rates continue to increase.
· The industrial market vacancy decreased to a new low, 3.1%, and asking rates increased.
· The retail market vacancy rate decreased for the sixth consecutive quarter to 3.6%, and the direct asking rate reached another new high, $28.02.
· The office market vacancy rate decreased to 8.1%, and asking rates increased by over $1 PSF.
· The industrial market vacancy rate increased slightly to 3.1%, and direct asking rates reached new highs for warehouse and flex space.
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