An Amazing Commercial Real Estate Sector!

While the national office vacancy rate is 15%, the industrial national vacancy rate is only 4.5%, and in some cub-markets like Sante Fe, New Mexico, as low as 0.1%! Net absorption for nust Q3 2021 was 175 million square feet. Lease rates overall average $6.65/sf, with lower rates in Chicago at $5.50/sf and the higher rates in the San Francisco Bay Area at $19.75/sf.  To see this report, just released by Colliers, click here.