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California
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BACK TO INSIGHTSEXPLORE 14 California MARKETSToggle markets
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
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.
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.
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.
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
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.
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.