Category Archives: Occupancy

JLL’s Agency Leasing Team leads San Diego in Top CRE Leases

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JLL’s Agency Leasing Team leads San Diego in Top CRE Leases; as noted in the San Diego Business Journal’s “Top Leases” edition, chronicling the largest office leases completed in San Diego for 2015. In the list, the JLL Agency Team represented Landlords and brokered 7 of the top 10 deals.

Below are some quick case studies of… Read More

Q1 2015 San Diego Office Market Statistics: Steady rent growth continues

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Rent continued to increase as the supply of large blocks and high-end Class A space continued their decline.

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Q1 Highlights:

Demand

  • The San Diego office market reported slightly negative net absorption of 5,258 SF this quarter.
  • 4.0 million SF of tenants are currently in the market, the majority of which are technology companies. 3.3 million SF of
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Swelling economy propels growth way beyond the historical average

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Now at its strongest point in the recovery, the economy grew by nearly 3.0 million jobs in 2014, pushing unemployment to its lowest level since the third quarter of 2008. As a result, markets across the country recorded expansionary activity as corporate confidence grew along with demand for office space. Annual net absorption totaled 54.7 million square feet driving vacancy to 15.6 percent—its lowest point since 2008—a trend expected to continue… Read More

U.S. office sector posts lowest vacancy rate of the recovery

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In the third quarter of 2014, nearly 15.7 million square feet of office space was absorbed, and through the first nine months of 2014, occupancy levels jumped by 38 million square feet (44.0 percent). Not only is growth escalating, but it is dispersing. Ninety percent of markets displayed increased occupancy levels compared to year-end 2013 levels and 88.0 percent of markets posted quarterly occupancy gains for the second quarter in a… Read More