Tag Archives: Office Statistics

LEED rents surpass peak levels

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Who’s leading absorption gains in the San Diego office market?

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Q4 2014 San Diego Office Market Statistics: Market dynamics pave the way for speculative construction

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The San Diego economy continues to add jobs with November having the largest annual job growth so far this year.

Q4 Highlights:

Office-Insight-Q4-2014-SanDiego-1

Demand

  • San Diego added 43,000 jobs in the last twelve months, the highest level for 2014. Office-using Professional and Business Services super-sector reported the largest employment gains over the year, adding 13,300 jobs.
  • The San Diego office market reported positive net
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The Irvine Company’s UTC/Eastgate Class A rents beat submarket average in 2014

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Tenant leverage slipping across the U.S. in 2014

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In 2013, the U.S. office sector handed in its best performance in seven years. Leasing activity increased, absorption neared 40 million square feet and vacancy dipped to its lowest point since 2007. As a result, landlords across the U.S. lowered concessions and consistently pushed pricing upward throughout 2013.

As 2014 progresses, tenants can expect to see their leverage evaporate. The lack of new development options across the majority of markets signals the landlord-friendly environment could… Read More

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