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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 3.9% 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 Q1 2019.
- Vacancy is expected to finish 2022 at 3.9% in the Los Angeles metro.
Distribution / Warehousing
The average Vacancy Rate was 2.9% in the Los Angeles metro
- The Los Angeles metro had the lowest vacancy in the nation.
- Vacancy in the Los Angeles metro drifted downward by 40 basis points.
- The Los Angeles metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 5.3% in the Los Angeles metro
- The Los Angeles metro had the tenth lowest vacancy in the nation and the twelfth lowest in the West.
- Vacancy in the Los Angeles metro declined by 50 basis points.
- Vacancy is expected to finish 2022 at 4.9% in the Los Angeles metro.
Office
The average Vacancy Rate was 15.8% in the Los Angeles metro
- The Los Angeles metro had the ninth lowest vacancy in the nation and the eighth lowest in the West.
- Vacancy in the Los Angeles metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2022 at 16.0% in the Los Angeles metro.
Retail
The average Vacancy Rate was 7.8% in the Los Angeles metro
- Vacancy in the Los Angeles metro drifted upward by 20 basis points.
- The Los Angeles metro had the highest vacancy level since year-end 1994.
- Vacancy is expected to finish 2022 at 7.7% in the Los Angeles metro.
RENT
Apartment
The average Asking Rent was $2,236 in the Los Angeles metro
- Rent in the Los Angeles metro was up 4.5% from year-end 2021.
- Rent is expected to finish 2022 at $2,310 in the Los Angeles metro.
Distribution / Warehousing
The average Asking Rent was $8.53 in the Los Angeles metro
- Rent in the Los Angeles metro was up 1.8% from year-end 2021.
- Rent has risen in every quarter since Q3 2011 in the Los Angeles metro.
- Rent is expected to finish 2022 at $8.81 in the Los Angeles metro.
Flex / R&D
The average Asking Rent was $13.97 in the Los Angeles metro
- Rent in the Los Angeles metro was up 1.2% from year-end 2021.
- Rent is expected to finish 2022 at $14.39 in the Los Angeles metro.
Office
The average Asking Rent was $41.04 in the Los Angeles metro
- The Los Angeles metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $41.15 in the Los Angeles metro.
Retail
The average Asking Rent was $33.55 in the Los Angeles metro
- Rent in the Los Angeles metro was up 0.2% from year-end 2021.
- Rent is expected to finish 2022 at $33.61 in the Los Angeles metro.
VACANCY
Apartment
The average Vacancy Rate was 5.4% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro drifted downward 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 6.1% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro drifted downward by 40 basis points.
- The Oakland-East Bay metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 5.3% in the Oakland-East Bay metro.
Flex / R&D
The average Vacancy Rate was 11.8% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro rose by 210 basis points.
- Vacancy is expected to finish 2022 at 9.9% in the Oakland-East Bay metro.
Office
The average Vacancy Rate was 17.2% in the Oakland-East Bay metro
- Vacancy in the Oakland-East Bay metro drifted upward by 30 basis points.
- The Oakland-East Bay metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 17.4% in the Oakland-East Bay metro.
Retail
The average Vacancy Rate was 8.9% in the Oakland-East Bay metro
- No vacancy change since year-end 2021 in the Oakland-East Bay metro.
- Vacancy is expected to finish 2022 at 8.6% in the Oakland-East Bay metro.
RENT
Apartment
The average Asking Rent was $2,525 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was up 2.3% from year-end 2021.
- Rent is expected to finish 2022 at $2,621 in the Oakland-East Bay metro.
Distribution / Warehousing
The average Asking Rent was $7.32 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was up 1.8% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Oakland-East Bay metro.
- Rent is expected to finish 2022 at $7.56 in the Oakland-East Bay metro.
Flex / R&D
The average Asking Rent was $12.57 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was up 1.8% from year-end 2021.
- Oakland-East Bay metro had its fastest rent rate of increase since year-end 2017.
- Rent has risen in every quarter since Q2 2013 in the Oakland-East Bay metro.
Office
The average Asking Rent was $35.11 in the Oakland-East Bay metro
- Rent in the Oakland-East Bay metro was down 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $35.20 in the Oakland-East Bay metro.
Retail
The average Asking Rent was $31.88 in the Oakland-East Bay metro
- The Oakland-East Bay metro remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $32.02 in the Oakland-East Bay metro.
VACANCY
Apartment
The average Vacancy Rate was 3.4% in the Orange County county
- No vacancy change since year-end 2021 in the Orange County county.
- The Orange County county had the lowest vacancy level since Q3 2016.
- Vacancy is expected to finish 2022 at 3.5% in the Orange County county.
Distribution / Warehousing
The average Vacancy Rate was 3.0% in the Orange County county
- The Orange County county had the fifth lowest vacancy in the nation and the sixth lowest in the West.
- Vacancy in the Orange County county has been in decline for seven consecutive quarters.
- The Orange County county had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 2.7% in the Orange County county
- The Orange County county had the second lowest vacancy in the nation, behind only Long Island.
- Vacancy in the Orange County county has been in decline for six consecutive quarters.
- The Orange County county had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 17.0% in the Orange County county
- Vacancy in the Orange County county fell by 130 basis points.
- The Orange County county was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 18.2% in the Orange County county.
Retail
The average Vacancy Rate was 5.7% in the Orange County county
- The Orange County county had the seventh lowest vacancy in the nation and the ninth lowest in the West.
- Vacancy in the Orange County county drifted downward by 10 basis points.
- Vacancy is expected to finish 2022 at 5.8% in the Orange County county.
RENT
Apartment
The average Asking Rent was $2,335 in the Orange County county
- Rent in the Orange County county was up 0.3% from year-end 2021.
- Rent is expected to finish 2022 at $2,391 in the Orange County county.
Distribution / Warehousing
The average Asking Rent was $8.15 in the Orange County county
- Rent in the Orange County county was up 1.9% from year-end 2021.
- Rent Has risen for seven consecutive quarters in the Orange County county.
- Rent is expected to finish 2022 at $8.36 in the Orange County county.
Flex / R&D
The average Asking Rent was $12.98 in the Orange County county
- Rent in the Orange County county was up 1.5% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Orange County county.
- Rent is expected to finish 2022 at $13.34 in the Orange County county.
Office
The average Asking Rent was $33.95 in the Orange County county
- Rent in the Orange County county was up 0.1% from year-end 2021.
- Rent is expected to finish 2022 at $34.16 in the Orange County county.
Retail
The average Asking Rent was $34.31 in the Orange County county
- The Orange County county remained flat rent since year-end 2021.
- Rent is expected to finish 2022 at $34.49 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 2.8% in the Sacramento metro
- The Sacramento metro had the sixth lowest vacancy in the nation and the fifth lowest in the West.
- Vacancy in the Sacramento metro drifted downward by 30 basis points.
- The Sacramento metro had the lowest vacancy level since year-end 2017.
Distribution / Warehousing
The average Vacancy Rate was 6.4% in the Sacramento metro
- Vacancy in the Sacramento metro drifted downward by 10 basis points.
- The Sacramento metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 6.3% in the Sacramento metro.
Flex / R&D
The average Vacancy Rate was 8.1% in the Sacramento metro
- Vacancy in the Sacramento metro increased by 70 basis points.
- Vacancy is expected to finish 2022 at 6.7% in the Sacramento metro.
Office
The average Vacancy Rate was 19.2% in the Sacramento metro
- Vacancy in the Sacramento metro increased by 80 basis points.
- The Sacramento metro had the highest vacancy level since Q3 2018.
- Vacancy is expected to finish 2022 at 19.6% in the Sacramento metro.
Retail
The average Vacancy Rate was 10.2% in the Sacramento metro
- No vacancy change since year-end 2021 in the Sacramento metro.
- Vacancy is expected to finish 2022 at 10.3% in the Sacramento metro.
RENT
Apartment
The average Asking Rent was $1,579 in the Sacramento metro
- Rent in the Sacramento metro was up 2.2% from year-end 2021.
- Rent has risen in every quarter since Q2 2010 in the Sacramento metro.
- Rent is expected to finish 2022 at $1,628 in the Sacramento metro.
Distribution / Warehousing
The average Asking Rent was $5.53 in the Sacramento metro
- Rent in the Sacramento metro was up 1.5% from year-end 2021.
- Rent has risen in every quarter since year-end 2012 in the Sacramento metro.
- Rent is expected to finish 2022 at $5.74 in the Sacramento metro.
Flex / R&D
The average Asking Rent was $9.48 in the Sacramento metro
- Rent in the Sacramento metro was up 0.5% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Sacramento metro.
- Rent is expected to finish 2022 at $9.80 in the Sacramento metro.
Office
The average Asking Rent was $27.71 in the Sacramento metro
- Rent in the Sacramento metro was up 0.1% from year-end 2021.
- Rent Has risen for six consecutive quarters in the Sacramento metro.
- Rent is expected to finish 2022 at $27.72 in the Sacramento metro.
Retail
The average Asking Rent was $24.61 in the Sacramento metro
- The Sacramento metro had the second fastest rent growth in the nation, behind only Sacramento.
- Rent is expected to finish 2022 at $24.63 in the Sacramento metro.
VACANCY
Apartment
The average Vacancy Rate was 3.0% 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 3.0% in the San Bernardino/Riverside metro.
Distribution / Warehousing
The average Vacancy Rate was 3.2% in the San Bernardino/Riverside metro
- The San Bernardino/Riverside metro had the seventh lowest vacancy in the nation and the ninth lowest in the West.
- Vacancy in the San Bernardino/Riverside metro has been in decline for six consecutive quarters.
- The San Bernardino/Riverside metro had the lowest vacancy level since Q3 2009.
Flex / R&D
The average Vacancy Rate was 2.7% in the San Bernardino/Riverside metro
- The San Bernardino/Riverside metro had the sixth lowest vacancy in the nation and the fifth lowest in the West.
- Vacancy in the San Bernardino/Riverside metro drifted downward by 40 basis points.
- The San Bernardino/Riverside metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 17.0% in the San Bernardino/Riverside metro
- Vacancy in the San Bernardino/Riverside metro fell by 50 basis points.
- The San Bernardino/Riverside metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 17.8% in the San Bernardino/Riverside metro.
Retail
The average Vacancy Rate was 9.9% in the San Bernardino/Riverside metro
- No vacancy change since year-end 2021 in the San Bernardino/Riverside metro.
- Vacancy is expected to finish 2022 at 9.7% in the San Bernardino/Riverside metro.
RENT
Apartment
The average Asking Rent was $1,807 in the San Bernardino/Riverside metro
- Rent in the San Bernardino/Riverside metro was up 4.5% from year-end 2021.
- Rent has risen in every quarter since Q3 2010 in the San Bernardino/Riverside metro.
- Rent is expected to finish 2022 at $1,840 in the San Bernardino/Riverside metro.
Distribution / Warehousing
The average Asking Rent was $6.26 in the San Bernardino/Riverside metro
- Rent in the San Bernardino/Riverside metro was up 1.6% from year-end 2021.
- Rent has risen in every quarter since Q1 2012 in the San Bernardino/Riverside metro.
- Rent is expected to finish 2022 at $6.49 in the San Bernardino/Riverside metro.
Flex / R&D
The average Asking Rent was $9.36 in the San Bernardino/Riverside metro
- Rent in the San Bernardino/Riverside metro was up 1.4% from year-end 2021.
- Rent Has risen for seven consecutive quarters in the San Bernardino/Riverside metro.
- Rent is expected to finish 2022 at $9.64 in the San Bernardino/Riverside metro.
Office
The average Asking Rent was $24.02 in the San Bernardino/Riverside metro
- Rent in the San Bernardino/Riverside metro was up 1.3% from year-end 2021.
- San Bernardino/Riverside metro had its fastest rent rate of increase since Q3 2007.
- Rent is expected to finish 2022 at $23.86 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 year-end 2021.
- Rent is expected to finish 2022 at $22.53 in the San Bernardino/Riverside metro.