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Commercial Real Estate INSIGHTS

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COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Land Sales Trends

Insights: Land Sales Trends

The U.S. economy entered a recession in February, 2020, per the National Bureau of Economic Research. Commercial real estate development typically slows during a recession because developers do not want to incur the holding costs of land parcels if there is not an expected demand for new product.

Insights: Student Housing 2020

Insights: Student Housing 2020

The main uncertainty in the student housing sector is COVID-19’s impact on the 2020-2021 school year’s leasing. There is a variety of factors which make the student housing occupancy outlook uncertain.

COLDWELL BANKER COMMERCIAL® REPORTS

Insights: Landlord Employer Liability

Insights: Landlord Employer Liability

The ongoing coronavirus pandemic raises the question of whether landlords with leased properties can be held liable for injuries sustained when someone contracts COVID-19 at the premises.

Opportunity Zones & Taxes

Opportunity Zones & Taxes

What are Opportunity Zones? The real estate industry is buzzing about this new program which allows private investment in country’s distressed communities. CBC brings you a quick overview to help you understand what they are and how investors can use them for their benefit.

Regional Summaries

Select a state to view available market snapshots

Northern Virginia, VA

Apartment
The Northern Virginia apartment market recorded a second quarter 2019 vacancy rate of 4.7%. The second quarter rate is down 30 basis points for the quarter and down 60 year-over-year. Average asking and effective rents rose 1.4% and 1.5%, respectively, in the second quarter of 2019, according to Reis. The average asking rent was $1,904 per month, and the average effective rent was $1,807 per month. These rates were up 3.1% and 3.0% for the year. VIEW APARTMENT LISTINGS >
Industrial
Reis reports an 11.6% vacancy rate here for Flex/R&D space in the second quarter of 2019, up 50 basis points from the prior quarter and down 80 basis points over 12 months. Vacancy finished 2018 at 10.9%, not a bad rate considering that double-digit vacancy is the norm here. For warehouse/distribution space, Reis reports second quarter 2019 vacancy at 5.5%, down 100 basis points for the quarter and down 150 basis points over 12 months. Reis reports second quarter average asking and effective rents of $12.47 psf and $11.35 psf for Flex/R&D space, up 0.3% and unchanged for the quarter, and up 0.6% and 0.4%, respectively, year-over-year. For warehouse/distribution space, Reis reports asking and effective rents of $9.28 psf and $8.80 psf for the second quarter of 2019, up 0.7% and 1.0% for the quarter, and up 2.5% and 3.0% year-over-year. VIEW INDUSTRIAL LISTINGS >
Office
Northern Virginia's vacancy rate for general purpose, multi-tenant office market space finished the second quarter of 2019 at 20.3%, up 10 basis points from the prior quarter and up 20 basis points over 12 months. Reis reports second quarter 2019 average asking and effective rents of $34.28 psf and $28.63 psf for office space in Northern Virginia. Asking and effective rents rose 0.4% and during the quarter and were up 1.8% each year-over-year. VIEW OFFICE LISTINGS >
Retail
The Northern Virginia community-neighborhood shopping center market posted a 6.6% vacancy rate in the second quarter of 2019, down 10 basis points over the quarter and up 20 basis points year-over-year. Stable occupancy is one of this market's assets. Reis reports second quarter 2019 average asking and effective rents of $30.75 psf and $27.39 psf for community-neighborhood shopping center space in Northern Virginia. These rents are up 0.1% and 0.2% for the quarter and 0.5% and 0.6% for the year. VIEW RETAIL LISTINGS >

Source: Data provided by Reis, Inc. based on Market Summaries for the 85 Primary and Secondary Markets they cover.

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