Office Market Conditions

Office investment sales through March 2018 totaled $355 million consisting of 24 office properties and averaging $148 per square foot (based on sales of more than $1 million and greater than 20,000 square feet).

Historical Office Sales

Key Indicators (as of 4Q2017 relative to prior period)

Office Vacancy

16.1%

Lease Rates

$24.40

Net Absorption

539,350

Construction Completions

287,165