REIS Q2 2015 First Glance Commercial Real Estate Industry


Office Trends

green-bulletThe national vacancy rate, at 16.6%, remained unchanged from the first to the second quarter
green-bulletOccupied stock rose by 8.4 million SF, outpacing new completions of 8.3 million SF in the second quarter
green-bulletAsking and effective rents both grew by 0.7% in the second quarter

Apartment Trends

green-bulletThe national vacancy rate held steady at 4.2% in the second quarter
green-bulletOver 46,000 units came online this period
green-bulletAsking and effective rents both rose by 1.1% in the second quarter

Retail Trends

green-bulletThe national vacancy rate for neighborhood and community shopping centers was unchanged at 10.1%
green-bulletAsking and effective rents grew by 0.5% and 0.6% this quarter, respectively
green-bulletDuring the second quarter, regional mall vacancy was unchanged at 7.9%

Industrial Trends

green-bulletThe industrial real estate market registered strong demand for space during the second quarter of 2015
green-bulletWarehouse/distribution net absorption totaled 25.5 million SF during the second quarter
green-bulletDemand was not as buoyant for the flex/R&D subsector as net absorption was only marginally higher than Q1

New Construction Trends

green-bulletThe construction tsunami was deferred in the apartment sector, at least for one more quarter
green-bulletThere has been an increase in construction activity in the office sector that is noteworthy if not  spectacular

Source: REIS 7-2015

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