Office Market Conditions

Office investment sales through September 2018 totaled $1.8 billion consisting of 90 office properties and averaging $188 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 3Q2018 relative to prior period)

Office Vacancy

14.2%

Lease Rates

$24.81

Net Absorption

573,534

Construction Completions

127,176