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AVERAGE FACILITY COSTS

(Estimated prices listed in average dollars per square foot)

 

 Industrial Market Lease / Rental

Office / Service Center 2009 2010 2011 2012 2013 2014 2015 2016 2017
                   
Occupancy 90% 95% 96% 88% 86% 85% 84% 91.6% 91.6%
Upper Rent, Avg. $4.93 $6.25 $7.22 $6.33 $6.41 $6.32 $6.32 $7.12 $7.12
Lower Rent, Avg. $4.00 $5.55 $7.14 $5.54 $5.89 $5.73 $5.73 $6.75 $6.75
                   
Multi-Tenant Bulk Warehouse                  
Occupancy 62% 59% 51% 52% 55% 60% 73% 79.8% 81.6%
Upper Rent, Avg. $2.78 $2.76 $2.95 $2.94 $2.81 $2.73 $3.01 $2.85 $3.43
Lower Rent, Avg. $2.64 $2.72 $2.77 $2.75 $2.77 $2.73 $2.58 $2.51 $2.63

Source: UL Coleman Properties, LLC, Quarterly Market Report, 2nd Qtr, 2017

 

Office Market Lease / Rental

Downtown Office Market   2009 2010 2011 2012 2013 2014 2015 2016 2017 
Occupancy   92% 91% 88% 86% 83% 80% 79% 79.2% 84.6%
Upper Rent, Avg.   $13.16 $14.55 $14.65 $13.85 $13.53 $13.26 $13.28 $14.15 $14.48
Lower Rent, Avg.   $10.81 $12.72 $12.45 $12.24 $12.72 $12.32 $12.59 $13.23 $12.84
                     
Suburban Office Market                    
Occupancy   86% 86% 87% 85% 85% 84% 85% 88.7% 89.1%
Upper Rent, Avg.   $14.37 $14.60 $15.18 $15.34 $14.70 $15.25 $15.36 $15.13 $16.07
Lower Rent, Avg.   $13.16 $13.78 $13.40 $13.81 $14.02 $13.88 $13.73 $14.40 $14.57

Source: UL Coleman Properties, LLC, Quarterly Market Report, 1st Qtr, 2017

 

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