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Cushman & Wakefield | Valuation & Advisory
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National
Actual Rent Per SQFT (10x10 Analysis)
Climate Ground
Climate - Upper Level
Non-Climate Ground
Non-Climate - Upper Level
January 2017
Dear Subscriber,
Gains continue in rental income and asking
rents Nationwide, as physical occupancy
dropped slightly, which is normal and expected
in the fourth quarter of the yearly cycle. The
increase in rental income is particularly
important, because it demonstrates revenue
enhancement models continue to raise rents on
income in place Nationwide. This can further be
demonstrated in the “National” graph of actual
rent with steady fourth quarter values.
Supply and demand metrics appear to be
moving. Construction starts increased 57% from
last quarter, and was up 140% as of 4Q15.
According to F.W. Dodge, there have been 309
new starts the last four quarters (new starts
includes new construction and alterations,
additions, or renovations).