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Market Overview

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EXPLORE 14 California MARKETSToggle markets

Fresno
Los Angeles
Oakland-East Bay
Orange County
Reno
Sacramento
San Bernardino/Riverside
San Diego
San Francisco
San Jose
Santa Rosa
Stockton
Vallejo-Fairfield
Ventura County

Fresno

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VACANCY

Distribution / Warehousing

Average Vacancy Rate 11.5%

Drifted downward by 10 basis points.
Expected to finish 2019 at.

RENT

Distribution / Warehousing

Average Asking Rent $5.23

Up 0.8% from year-end 2018.
Has risen for six consecutive quarters.
Expected to finish 2019 at.

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Learn more about the California markets from one of our professionals.

Los Angeles

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VACANCY

Apartment

Average Vacancy Rate 4.0%

Drifted upward by 10 basis points.
Highest level since Q3 2011.
Expected to finish 2020 at 5.2%.

Distribution / Warehousing

Average Vacancy Rate 6.1%

Drifted upward by 40 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 7.1%.

Flex / R&D

Average Vacancy Rate 4.6%

Third lowest in the nation, and the second in the West region, behind only Orange County.
Increased by 110 basis points.
Highest level since Q3 2014.

Office

Average Vacancy Rate 14.4%

Drifted upward by 20 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 16.4%.

Retail

Average Vacancy Rate 7.1%

Drifted downward by 10 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 9.2%.

RENT

Apartment

Average Asking Rent $2,067

Down 0.9% from Q1 2020.
Expected to finish 2020 at $1,999.

Distribution / Warehousing

Average Asking Rent $7.95

Up 0.3% from Q1 2020.
Has risen in every quarter since Q3 2011.
Expected to finish 2020 at $7.56.

Flex / R&D

Average Asking Rent $13.24

Down 0.1% from Q1 2020.
Expected to finish 2020 at $12.54.

Office

Average Asking Rent $40.57

Flat since Q1 2020.
Expected to finish 2020 at $38.30.

Retail

Average Asking Rent $33.78

Down 0.5% from Q1 2020.
Expected to finish 2020 at $30.77.

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Oakland-East Bay

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VACANCY

Apartment

Average Vacancy Rate 3.8%

Drifted downward by 10 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 5.4%.

Distribution / Warehousing

Average Vacancy Rate 9.3%

Fell by 50 basis points.
Expected to finish 2020 at 11.4%.

Flex / R&D

Average Vacancy Rate 12.5%

Drifted downward by 10 basis points.
Among the 20 highest vacancies nationally.
Expected to finish 2020 at 14.0%.

Office

Average Vacancy Rate 15.9%

Drifted upward by 30 basis points.
Highest level since year-end 2015.
Expected to finish 2020 at 18.2%.

RENT

Apartment

Average Asking Rent $2,356

Down 1.3% from Q1 2020.
Expected to finish 2020 at $2,293.

Distribution / Warehousing

Average Asking Rent $6.82

Up 0.1% from Q1 2020.
Expected to finish 2020 at $6.50.

Flex / R&D

Average Asking Rent $11.83

Up 0.3% from Q1 2020.
Has risen in every quarter since Q2 2012.
Expected to finish 2020 at $11.10.

Office

Average Asking Rent $35.30

Down 0.3% from Q1 2020.
Expected to finish 2020 at $32.59.

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Orange County

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VACANCY

Apartment

Average Vacancy Rate 3.6%

Tenth lowest in the nation and the fourth lowest in the West.
No change since Q1 2020.
Lowest level since Q1 2017.

Distribution / Warehousing

Average Vacancy Rate 7.9%

Drifted upward by 40 basis points.
Highest level since Q2 2015.
Expected to finish 2020 at 9.1%.

Flex / R&D

Average Vacancy Rate 4.4%

Second lowest in the nation, behind only Miami.
Drifted downward by 30 basis points.
Expected to finish 2020 at 6.5%.

Office

Average Vacancy Rate 16.9%

Drifted upward by 30 basis points.
Highest level since Q3 2013.
Expected to finish 2020 at 19.5%.

Retail

Average Vacancy Rate 5.5%

Third lowest in both the nation and the region.
Drifted downward by 10 basis points.
Expected to finish 2020 at 7.4%.

RENT

Apartment

Average Asking Rent $1,998

Down 0.6% from Q1 2020.
Expected to finish 2020 at $1,931.

Distribution / Warehousing

Average Asking Rent $7.59

Up 0.1% from Q1 2020.
Has risen in every quarter since Q1 2013.
Expected to finish 2020 at $7.25.

Flex / R&D

Average Asking Rent $12.20

Up 0.3% from Q1 2020.
Expected to finish 2020 at $11.47.

Office

Average Asking Rent $34.94

Down 0.5% from Q1 2020.
Expected to finish 2020 at $31.72.

Retail

Average Asking Rent $34.30

Down 0.6% from Q1 2020.
Expected to finish 2020 at $31.56.

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Learn more about the California markets from one of our professionals.

Reno

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VACANCY

Distribution / Warehousing

Average Vacancy Rate 10.1%

Fell by 80 basis points.
Expected to finish 2018 at.

RENT

Distribution / Warehousing

Average Asking Rent $4.47

Up 1.4% from Q2 2018.
Fastest rate of increase in five quarters.
Expected to finish 2018 at.

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Sacramento

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VACANCY

Apartment

Average Vacancy Rate 3.1%

Lowest in the West region, fourth lowest in the nation.
No change since Q1 2020.
Highest level since year-end 2013.

Distribution / Warehousing

Average Vacancy Rate 8.8%

Drifted downward by 40 basis points.
Expected to finish 2020 at 11.3%.

Flex / R&D

Average Vacancy Rate 14.8%

Rose by 60 basis points.
Among the 10 highest vacancies nationally.
Expected to finish 2020 at 16.2%.

Office

Average Vacancy Rate 18.6%

Drifted upward by 10 basis points.
Expected to finish 2020 at 21.2%.

Retail

Average Vacancy Rate 9.9%

No change since Q1 2020.
Lowest level since Q1 2009.
Expected to finish 2020 at 12.7%.

RENT

Apartment

Average Asking Rent $1,359

Up 0.1% from Q1 2020.
Has risen in every quarter since Q2 2010.
Expected to finish 2020 at $1,329.

Distribution / Warehousing

Average Asking Rent $5.08

Down 0.2% from Q1 2020.
Expected to finish 2020 at $4.86.

Flex / R&D

Average Asking Rent $9.13

Seventh fastest rent growth in the nation, and the second in the West region, behind only Phoenix.
Expected to finish 2020 at $8.56.

Office

Average Asking Rent $27.05

Down 0.3% from Q1 2020.
Expected to finish 2020 at $26.01.

Retail

Average Asking Rent $24.68

Down 0.6% from Q1 2020.
Expected to finish 2020 at $21.97.

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Learn more about the California markets from one of our professionals.

San Bernardino/Riverside

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VACANCY

Apartment

Average Vacancy Rate 3.8%

Drifted upward by 20 basis points.
Among the 20 lowest vacancies nationally.
Expected to finish 2020 at 5.1%.

Distribution / Warehousing

Average Vacancy Rate 10.5%

Drifted upward by 30 basis points.
Highest level since Q1 2013.
Expected to finish 2020 at 11.2%.

Flex / R&D

Average Vacancy Rate 5.1%

Fifth lowest in the nation and the fourth lowest in the West.
Drifted upward by 30 basis points.
Expected to finish 2020 at 6.8%.

Office

Average Vacancy Rate 16.6%

Drifted downward by 10 basis points.
Expected to finish 2020 at 19.0%.

Retail

Average Vacancy Rate 9.8%

No change since Q1 2020.
Expected to finish 2020 at 11.9%.

RENT

Apartment

Average Asking Rent $1,454

Fastest rent growth in the West region, fifth most rapid in the nation.
Has risen in every quarter since Q3 2010.
Expected to finish 2020 at $1,400.

Distribution / Warehousing

Average Asking Rent $5.80

Up 0.3% from Q1 2020.
Has risen in every quarter since Q1 2012.
Expected to finish 2020 at $5.54.

Flex / R&D

Average Asking Rent $8.83

Flat since Q1 2020.
Expected to finish 2020 at $8.30.

Office

Average Asking Rent $23.33

Flat since Q1 2020.
Expected to finish 2020 at $22.43.

Retail

Average Asking Rent $23.19

Down 0.4% from Q1 2020.
Expected to finish 2020 at $20.85.

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Learn more about the California markets from one of our professionals.