Average Facility Costs
Average Facility Costs
Average Facility Costs
Industrial Market Lease/Rental
Office/Service Center
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
94.5%
$6.25
$5.55
2011
95.7%
$7.22
$7.14
2012
80.1%
$5.75
$5.06
2013
86.2%
$6.41
$5.89
2014
84.9%
$6.32
$5.73
2015
91.7%
$7.12
$6.75
2016
91.6%
$7.12
$6.75
2017
84.1%
$7.00
$5.25
2018
89.6%
$6.50
$5.10
2019
94.6%
$6.83
$6.16
2020
96.8%
$8.00
$6.50
2021
97.1%
$8.00
$6.50
Office/Service Center
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
59.9%
$2.76
$2.72
2011
51.1%
$2.95
$2.77
2012
51.8%
$2.73
$2.52
2013
55.3%
$2.81
$2.77
2014
59.9%
$2.73
$2.73
2015
72.7%
$2.96
$2.81
2016
79.8%
$2.85
$2.51
2017
81.4%
$3.18
$2.55
2018
91.3%
$3.62
$3.34
2019
89.5%
$3.32
$3.10
2020
75.4%
$3.27
$3.24
2021
81.1%
$3.02
$3.02
Industrial Market Lease/Rental
Office/Service Center
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
94.5%
$6.25
$5.55
2011
95.7%
$7.22
$7.14
2012
80.1%
$5.75
$5.06
2013
86.2%
$6.41
$5.89
2014
84.9%
$6.32
$5.73
2015
91.7%
$7.12
$6.75
2016
91.6%
$7.12
$6.75
2017
84.1%
$7.00
$5.25
2018
89.6%
$6.50
$5.10
2019
94.6%
$6.83
$6.16
2020
96.8%
$8.00
$6.50
2021
97.1%
$8.00
$6.50
Office/Service Center
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
59.9%
$2.76
$2.72
2011
51.1%
$2.95
$2.77
2012
51.8%
$2.73
$2.52
2013
55.3%
$2.81
$2.77
2014
59.9%
$2.73
$2.73
2015
72.7%
$2.96
$2.81
2016
79.8%
$2.85
$2.51
2017
81.4%
$3.18
$2.55
2018
91.3%
$3.62
$3.34
2019
89.5%
$3.32
$3.10
2020
75.4%
$3.27
$3.24
2021
81.1%
$3.02
$3.02
Office Market Lease/Rental
Downtown Office Market
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
90.6%
$14.55
$12.72
2011
87.7%
$14.65
$12.45
2012
85.5%
$13.66
$12.31
2013
83.1%
$13.53
$12.72
2014
80.0%
$13.26
$12.32
2015
80.4%
$13.22
$12.72
2016
79.2%
$14.15
$13.23
2017
79.5%
$14.34
$12.20
2018
75.3%
$14.06
$12.06
2019
76.8%
$13.79
$12.06
2020
76.0%
$13.03
$11.75
2021
80.7%
$13.02
$11.60
Suburban Office Market
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
86.5%
$14.60
$13.78
2011
87.7%
$15.18
$13.40
2012
82.3%
$15.32
$13.63
2013
85.0%
$14.70
$14.02
2014
84.1%
$15.25
$13.88
2015
84.3%
$16.10
$13.52
2016
88.7%
$15.13
$14.40
2017
91.3%
$15.35
$14.39
2018
87.5%
$15.01
$14.24
2019
90.6%
$15.58
$14.72
2020
86.8%
$15.29
$14.38
2021
87.0%
$15.68
$13.97
Office Market Lease/Rental
Downtown Office Market
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
90.6%
$14.55
$12.72
2011
87.7%
$14.65
$12.45
2012
85.5%
$13.66
$12.31
2013
83.1%
$13.53
$12.72
2014
80.0%
$13.26
$12.32
2015
80.4%
$13.22
$12.72
2016
79.2%
$14.15
$13.23
2017
79.5%
$14.34
$12.20
2018
75.3%
$14.06
$12.06
2019
76.8%
$13.79
$12.06
2020
76.0%
$13.03
$11.75
2021
80.7%
$13.02
$11.60
Suburban Office Market
Year
Occupancy
Upper Rent Average
Lower Rent Average
2010
86.5%
$14.60
$13.78
2011
87.7%
$15.18
$13.40
2012
82.3%
$15.32
$13.63
2013
85.0%
$14.70
$14.02
2014
84.1%
$15.25
$13.88
2015
84.3%
$16.10
$13.52
2016
88.7%
$15.13
$14.40
2017
91.3%
$15.35
$14.39
2018
87.5%
$15.01
$14.24
2019
90.6%
$15.58
$14.72
2020
86.8%
$15.29
$14.38
2021
87.0%
$15.68
$13.97