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California
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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.
VACANCY
Apartment
The average Vacancy Rate was 3.5% in the Los Angeles metro
- Vacancy in the Los Angeles metro drifted downward by 10 basis points.
- The Los Angeles metro had the lowest vacancy level since year-end 2016.
- Vacancy is expected to finish 2022 at 3.6% in the Los Angeles metro.
Distribution / Warehousing
The average Vacancy Rate was 0.9% in the Los Angeles metro
- The Los Angeles metro had the lowest vacancy in the West region, third lowest in the nation.
- Vacancy in the Los Angeles metro has been in decline for seven consecutive quarters.
- The Los Angeles metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 3.5% in the Los Angeles metro
- The Los Angeles metro had the seventh lowest vacancy in the nation and the eighth lowest in the West.
- Vacancy in the Los Angeles metro declined by 190 basis points.
- The Los Angeles metro had the lowest vacancy level since Q3 2019.
Office
The average Vacancy Rate was 16.5% in the Los Angeles metro
- The Los Angeles metro had the eighth lowest vacancy in the nation and the ninth lowest in the West.
- Vacancy in the Los Angeles metro drifted upward by 10 basis points.
- The Los Angeles metro had the highest vacancy level since Q3 1998.
Retail
The average Vacancy Rate was 7.9% in the Los Angeles metro
- Vacancy in the Los Angeles metro drifted downward by 10 basis points.
- The Los Angeles metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 7.9% in the Los Angeles metro.
RENT
Apartment
The average Asking Rent was $2,358 in the Los Angeles metro
- Rent in the Los Angeles metro was up 0.2% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Los Angeles metro.
- Rent is expected to finish 2022 at $2,370 in the Los Angeles metro.
Distribution / Warehousing
The average Asking Rent was $12.34 in the Los Angeles metro
- Rent in the Los Angeles metro was up 8.4% from Q2 2022.
- Rent has risen in every quarter since Q3 2011 in the Los Angeles metro.
- Rent is expected to finish 2022 at $13.39 in the Los Angeles metro.
Flex / R&D
The average Asking Rent was $18.12 in the Los Angeles metro
- Rent in the Los Angeles metro was up 5.4% from Q2 2022.
- Rent Has risen for six consecutive quarters in the Los Angeles metro.
- Rent is expected to finish 2022 at $19.12 in the Los Angeles metro.
Office
The average Asking Rent was $41.51 in the Los Angeles metro
- The Los Angeles metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $41.70 in the Los Angeles metro.
Retail
The average Asking Rent was $33.58 in the Los Angeles metro
- Rent in the Los Angeles metro was down 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $33.67 in the Los Angeles metro.
VACANCY
Apartment
The average Vacancy Rate was 5.2% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 5.4% in the Oakland-East Bay metro.
Distribution / Warehousing
The average Vacancy Rate was 2.8% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro declined by 180 basis points.
- The Oakland-East Bay metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 2.6% in the Oakland-East Bay metro.
Flex / R&D
The average Vacancy Rate was 7.7% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro declined by 300 basis points.
- The Oakland-East Bay metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 7.0% in the Oakland-East Bay metro.
Office
The average Vacancy Rate was 17.6% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro rose by 100 basis points.
- The Oakland-East Bay metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 17.8% in the Oakland-East Bay metro.
Retail
The average Vacancy Rate was 9.0% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro drifted upward by 10 basis points.
- The Oakland-East Bay metro had the highest vacancy level since Q2 1998.
- Vacancy is expected to finish 2022 at 8.9% in the Oakland-East Bay metro.
RENT
Apartment
The average Asking Rent was $2,635 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was up 1.2% from Q2 2022.
- Rent is expected to finish 2022 at $2,659 in the Oakland-East Bay metro.
Distribution / Warehousing
The average Asking Rent was $8.23 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was up 4.4% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Oakland-East Bay metro.
- Rent is expected to finish 2022 at $8.49 in the Oakland-East Bay metro.
Flex / R&D
The average Asking Rent was $13.88 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was up 3.4% from Q2 2022.
- Rent has risen in every quarter since Q2 2013 in the Oakland-East Bay metro.
- Rent is expected to finish 2022 at $14.27 in the Oakland-East Bay metro.
Office
The average Asking Rent was $35.06 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was down 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $35.17 in the Oakland-East Bay metro.
Retail
The average Asking Rent was $31.93 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was up 0.1% from Q2 2022.
- Rent is expected to finish 2022 at $32.02 in the Oakland-East Bay metro.
VACANCY
Apartment
The average Vacancy Rate was 3.2% in the Orange County county
- Vacancy in the Orange County county drifted upward by 10 basis points.
- Vacancy is expected to finish 2022 at 3.3% in the Orange County county.
Distribution / Warehousing
The average Vacancy Rate was 1.1% in the Orange County county
- The Orange County county had the seventh lowest vacancy in the nation and the eighth lowest in the West.
- Vacancy in the Orange County county has been in decline for nine consecutive quarters.
- The Orange County county had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 1.7% in the Orange County county
- The Orange County county had the lowest vacancy in the nation.
- Vacancy in the Orange County county has been in decline for eight consecutive quarters.
- The Orange County county had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 18.4% in the Orange County county
- No vacancy change since Q2 2022 in the Orange County county.
- The Orange County county had the highest vacancy level since Q3 2012.
- Vacancy is expected to finish 2022 at 18.6% in the Orange County county.
Retail
The average Vacancy Rate was 6.4% in the Orange County county
- Vacancy in the Orange County county drifted upward by 10 basis points.
- The Orange County county was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 6.2% in the Orange County county.
RENT
Apartment
The average Asking Rent was $2,499 in the Orange County county
- Rent in the Orange County county was up 1.2% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Orange County county.
- Rent is expected to finish 2022 at $2,508 in the Orange County county.
Distribution / Warehousing
The average Asking Rent was $9.78 in the Orange County county
- Rent in the Orange County county was up 5.5% from Q2 2022.
- Rent Has risen for nine consecutive quarters in the Orange County county.
- Rent is expected to finish 2022 at $10.25 in the Orange County county.
Flex / R&D
The average Asking Rent was $15.24 in the Orange County county
- Rent in the Orange County county was up 4.0% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Orange County county.
- Rent is expected to finish 2022 at $15.78 in the Orange County county.
Office
The average Asking Rent was $34.22 in the Orange County county
- Rent in the Orange County county was up 0.4% from Q2 2022.
- Rent is expected to finish 2022 at $34.40 in the Orange County county.
Retail
The average Asking Rent was $34.35 in the Orange County county
- The Orange County county remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $34.40 in the Orange County county.
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.
VACANCY
Apartment
The average Vacancy Rate was 2.6% in the Sacramento metro
- The Sacramento metro had the fourth lowest vacancy in the nation and the fifth lowest in the West.
- No vacancy change since Q2 2022 in the Sacramento metro.
- The Sacramento metro had the lowest vacancy level since Q2 2017.
Distribution / Warehousing
The average Vacancy Rate was 4.3% in the Sacramento metro
- Vacancy in the Sacramento metro fell by 100 basis points.
- The Sacramento metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 4.0% in the Sacramento metro.
Flex / R&D
The average Vacancy Rate was 5.7% in the Sacramento metro
- Vacancy in the Sacramento metro declined by 110 basis points.
- The Sacramento metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 5.4% in the Sacramento metro.
Office
The average Vacancy Rate was 20.4% in the Sacramento metro
- Vacancy in the Sacramento metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2022 at 20.6% in the Sacramento metro.
Retail
The average Vacancy Rate was 10.4% in the Sacramento metro
- Vacancy in the Sacramento metro drifted upward by 20 basis points.
- Vacancy is expected to finish 2022 at 10.3% in the Sacramento metro.
RENT
Apartment
The average Asking Rent was $1,603 in the Sacramento metro
- Rent in the Sacramento metro was down 1.5% from Q2 2022.
- Rent is expected to finish 2022 at $1,617 in the Sacramento metro.
Distribution / Warehousing
The average Asking Rent was $5.96 in the Sacramento metro
- Rent in the Sacramento metro was up 3.3% from Q2 2022.
- Sacramento metro had its fastest rent rate of increase since Q3 2009.
- Rent has risen in every quarter since year-end 2012 in the Sacramento metro.
Flex / R&D
The average Asking Rent was $10.05 in the Sacramento metro
- Rent in the Sacramento metro was up 2.0% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Sacramento metro.
- Rent is expected to finish 2022 at $10.20 in the Sacramento metro.
Office
The average Asking Rent was $27.80 in the Sacramento metro
- Rent in the Sacramento metro was up 0.1% from Q2 2022.
- Rent Has risen for eight consecutive quarters in the Sacramento metro.
- Rent is expected to finish 2022 at $27.87 in the Sacramento metro.
Retail
The average Asking Rent was $24.69 in the Sacramento metro
- Rent in the Sacramento metro was up 0.2% from Q2 2022.
- Rent is expected to finish 2022 at $24.74 in the Sacramento metro.
VACANCY
Apartment
The average Vacancy Rate was 2.9% in the San Bernardino/Riverside metro
- Vacancy in the San Bernardino/Riverside metro drifted downward by 10 basis points.
- The San Bernardino/Riverside metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 3.1% in the San Bernardino/Riverside metro.
Distribution / Warehousing
The average Vacancy Rate was 1.1% in the San Bernardino/Riverside metro
- The San Bernardino/Riverside metro had the fourth lowest vacancy in the nation and the sixth lowest in the West.
- Vacancy in the San Bernardino/Riverside metro has been in decline for eight consecutive quarters.
- The San Bernardino/Riverside metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 2.1% in the San Bernardino/Riverside metro
- The San Bernardino/Riverside metro had the fourth lowest vacancy in the nation and the sixth lowest in the West.
- Vacancy in the San Bernardino/Riverside metro fell by 50 basis points.
- The San Bernardino/Riverside metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 16.9% in the San Bernardino/Riverside metro
- Vacancy in the San Bernardino/Riverside metro drifted downward by 40 basis points.
- The San Bernardino/Riverside metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 17.3% in the San Bernardino/Riverside metro.
Retail
The average Vacancy Rate was 10.4% in the San Bernardino/Riverside metro
- Vacancy in the San Bernardino/Riverside metro drifted upward by 40 basis points.
- The San Bernardino/Riverside metro had the highest vacancy level since Q1 2012.
- Vacancy is expected to finish 2022 at 10.0% in the San Bernardino/Riverside metro.
RENT
Apartment
The average Asking Rent was $1,854 in the San Bernardino/Riverside metro
- Rent in the San Bernardino/Riverside metro was up 0.1% from Q2 2022.
- Rent has risen in every quarter since Q3 2010 in the San Bernardino/Riverside metro.
- Rent is expected to finish 2022 at $1,857 in the San Bernardino/Riverside metro.
Distribution / Warehousing
The average Asking Rent was $12.18 in the San Bernardino/Riverside metro
- The San Bernardino/Riverside metro had the fastest rent growth in the nation.
- Rent has risen in every quarter since Q1 2012 in the San Bernardino/Riverside metro.
- Rent is expected to finish 2022 at $13.45 in the San Bernardino/Riverside metro.
Flex / R&D
The average Asking Rent was $14.49 in the San Bernardino/Riverside metro
- The San Bernardino/Riverside metro had the third fastest rent growth in the nation, and the second in the West region, behind only San Bernardino/Riverside.
- Rent Has risen for nine consecutive quarters in the San Bernardino/Riverside metro.
- Rent is expected to finish 2022 at $15.92 in the San Bernardino/Riverside metro.
Office
The average Asking Rent was $24.37 in the San Bernardino/Riverside metro
- Rent in the San Bernardino/Riverside metro was up 0.5% from Q2 2022.
- Rent is expected to finish 2022 at $24.49 in the San Bernardino/Riverside metro.
Retail
The average Asking Rent was $22.52 in the San Bernardino/Riverside metro
- The San Bernardino/Riverside metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $22.55 in the San Bernardino/Riverside metro.