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Regional Summaries

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Suburban Virginia

Apartment
The 187,435-unit Northern Virginia apartment market recorded a fourth quarter 2017 vacancy rate of 5.1%. Since 5.0% or lower is generally considered to be a full market, Northern Virginia is just shy of that mark. The current rate is up 30 basis points for the quarter and up 20 year-over-year. The rate was flat through January 2018. Average asking and effective rents fell 0.6% and 0.8% in the fourth quarter of 2017, according to Reis. The average asking rent was $1,792 per month, and the average effective rent was $1,712 per month. These rates were up 2.6% and 1.4% for the year. Asking and effective rents rose 0.4% and 0.3% in January in 2018.
Office
Net absorption had a strongly negative fourth quarter of 2017 in Northern VirginiaÂ’s 140.6-million-square-foot general purpose, multi-tenant office market, although the yearly total was positive. The area still struggles under the weight of empty office buildings and a correspondingly high vacancy rate. The vacancy rate for office space finished the fourth quarter of 2017 at 19.7%, up 40 basis points from the prior quarter and down 20 basis points over 12 months. January 2018 data show a slight increase. Reis reports fourth quarter 2017 average asking and effective rents of $33.55 psf and $28.05 psf for office space in Northern Virginia. Asking and effective rents rose 0.7% and 0.8% during the quarter and were up 1.4% and 1.5% for the year. January 2018 data show 0.2% gains for both rental categories.
Retail
The Northern Virginia community-neighborhood shopping center market finished 2017 with another round of strong rent gains. Vacancy remains low, but net absorption had a bad year. The Northern Virginia community-neighborhood shopping center market posted a 5.7% vacancy rate in the fourth quarter of 2017, down 10 basis points over the quarter and up 60 year-over-year. Reis reports fourth quarter 2017 average asking and effective rents of $30.40 psf and $27.05 psf for community-neighborhood shopping center space in Northern Virginia. These rents are up 0.6% and 0.7% for the quarter and up 2.8% and 2.9%, respectively, over the year. Asking and effective rents were flat in January 2018.

Source: Data provided by Reis, inc.

Coldwell Banker Commercial® Reports

Coldwell Banker Commercial® Blue Book

Coldwell Banker Commercial® Blue Book

The Coldwell Banker Commercial® (CBC) organization is proud to present its’ 2017 Year-End Blue Book!

The Blue Book is a helpful market report with information brought to you by the true “on the ground” experts – the professionals of the Coldwell Banker Commercial organization from all over the world.

CBC-affiliated professionals represent one of the largest commercial real estate footprints in the U.S.  The Blue Book brings their local market feedback directly to you with up-to-date commercial real estate research covering 130+ Primary, Secondary, Tertiary & International markets. If you are thinking of investing in alternative markets, the Blue Book is your go-to resource for local commercial real estate market data!

 CBC NRT NNN Investment Report

CBC NRT NNN Investment Report

This is a market report that Coldwell Banker Commercial NRT prepared for the CBC Global Conference. This report provides the 2018 forecast of net-lease properties and details why NNN properties remain well-positioned for continued success and growth in the coming months.

The U.S. Gulf Coast & Its Vital Interstate-10 Corridor

The U.S. Gulf Coast & Its Vital Interstate-10 Corridor

CBC Infographics

Shopping In-store vs. Online Shopping

Shopping In-store vs. Online Shopping

The retail industry is in the midst of epic change and while some predict the end of brick and mortar stores, a recent Coldwell Banker Commercial Affiliates survey conducted online by Harris Poll aimed to explore current shopper preferences and trends to determine the real state of commercial real estate today.

Commercial Real Estate & Technology: The Generational Divide

Commercial Real Estate & Technology: The Generational Divide

Infographic that addresses how each generation sees aspects like the adoption, use and importance of technology. Ultimately, each generations’ concerns come down to the impact that new technology will have on the industry.

The Growing Value of Digital Tools

The Growing Value of Digital Tools

Which digital tools do commercial real estate professionals value most, and what devices are they using to access them, and how are these professionals’ technology habits likely to change in the years to come?

Workers Prefer Dynamic and Efficient Office Space

Workers Prefer Dynamic and Efficient Office Space

As employers seek to define the workplace perks most likely to attract and retain employees, a recent Coldwell Banker Commercial Affiliates survey found that the physical office itself could keep staff happier.

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