Real Estate Trends
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Office Vacancy Rates in Major U.S. Markets
Los Angeles
June: 17.6%
December: 16.7%
*
Philadelphia
June: 12.2%
December: 12.1%
*
Chicago
June: 13.5%
December: 11.9%
*
Orange County
June: 12.5%
December: 11.3%
*
Washington D.C.
June: 8.3%
December: 8.0%
*
New York City
June: 10.0%
December: 7.5%
*
San Francisco
June: 5.9%
December: 5.5%
Average Annual Office Rents in Major U.S. Markets (Per square foot)
New York City
June: $29.21
December: $31.32
*
Washington D.C.
June: $24.55
December: $25.44
*
San Francisco
June: $17.06
December: $25.44
*
Orange County
June: $19.20
December: $22.44
*
Los Angeles
June: $18.72
December: $19.08
*
Philadelphia
June: $17.22
December: $18.36
*
Chicago
June: $15.09
December: $16.92
Source: CoStar
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