Office Market Conditions

Office investment sales through July 2018 totaled $1.1 billion consisting of 65 office properties and averaging $178 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 2Q2018 relative to prior period)

Office Vacancy

14.7%

Lease Rates

$24.69

Net Absorption

1,112,032

Construction Completions

220,000