Office Market Conditions

Office investment sales through April 2018 totaled $566 million consisting of 34 office properties and averaging $159 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 1Q2018 relative to prior period)

Office Vacancy

15.5%

Lease Rates

$24.68

Net Absorption

678,898

Construction Completions

388,392