Features

Third quarter 2018 marked the lowest downtown Walnut Creek vacancy rate in more than a year as it dropped to 4.5%, and veteran retail broker John Sechser makes a break for TRI Commercial amid growing development.

New DFW multifamily projects are taking a long time to stabilize, using 90% occupancy as the benchmark, and some properties that delivered in 2016 or early 2017 are still working on initial lease-ups.

WashReit's Space+ follows DC market trends for flexible leasing options.

The site of the Mitchell Brothers' O'Farrell Theatre is on the market at $10 million or can be leased for a monthly rent of $39,000, but the property is attracting residential developers, says the exclusive broker.

PacVentures has been a Brownsville submarket owner for many years, steadily increasing its presence with the recent acquisition of vacant land next to the NAFTA Business Park and a 10-building industrial portfolio.

DFW ranked in the top five for US population growth in 2017 and the metro area has a significantly higher percentage of its population in the 25 to 44 age cohort, a prime home buying demographic.

"With Amazon in Seattle, the area changed over the initial 10 years as they attracted 100 new tech companies over a three year span."

Seattle and Bellevue are experiencing sub-6% vacancy rates, along with falling and record lease rates, while the average cost of space in the Southend market is 39% to 43% below Eastside and Seattle full-service rents.