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COLLIERS INTERNATIONAL
2009 U.S. Real Estate Review
A S
URVEY OF
C
OMMERCIAL
R
EAL
E
STATE
M
ARKETS
www.colliers.com
 
Colliers Research Services Group is recognized as a knowledge leader in thecommercial real estate industry, and provides clients with valuable marketintelligence to support business decisions. Colliers researchers providemulti-level support across all property types, ranging from data collectionto comprehensive market analysis.Colliers Research has developed powerful technological tools to provideclients with valuable market intelligence. Our expansive databases housedetailed information on properties nationwide, including historical supply,demand, absorption data, and transaction comparables. Research uses thisinformation to produce quarterly surveys of office and industrial marketsin over 70 North American metropolitan areas.Colliers research reports provide standardized information for each market.Market Highlights reports based upon quarterly surveys include inventory,vacancy, absorption and rental rates in side-by-side comparisons forNorth American markets as well as quarter-to-quarter comparisons andaggregated national statistics. Investment sales prices and cap rates arereported as well.Research groups across the country also have expertise in location andsite analysis, geographic information systems, and financial modeling.To ensure that our clients’ real estate decisions are thoroughly informed,our researchers perform numerous financial analyses. Options includecomprehensive occupancy cost comparisons for potential lease locationsand complex lease vs. own scenarios.
The information contained herein has been obtained from sources deemed reliable. While every reasonableeffort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for anyinaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of thematerial contained in this report.Colliers International is a worldwide affiliation of independently owned and operated companies.
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OLLIERS
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ESEARCH
 
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ABLE OF
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ONTENTS
UNITED STATES REAL ESTATE REVIEW
Message from the Executive Vice President, Market & Economic Research 1
U.S. NATIONAL MARKETS APPENDICES
U.S. Office Market 68U.S. Industrial Warehouse Market 69U.S. Retail Centers 70U.S. Investment Sales Market 71 – 75Glossary 76Colliers U.S.A. Office Locations 77
U.S. CITY ANALYSES AND FORECASTS
Atlanta, GA 5Bakersfield, CA 6Baltimore, MD 7Boise, ID 8Boston, MA 9Charleston, SC 10Charlotte, NC 11Chicago, IL 12Cincinnati, OH 13Cleveland, OH 14Columbia, SC 15Columbus, OH 16Dallas/Ft. Worth, TX 17Denver, CO 18Detroit, MI 19Fairfield, CA 20Ft. Lauderdale/Broward County, FL 21Fresno, CA 22Greenville, SC 23Hartford, CT 24Honolulu, HI 25Houston, TX 26Indianapolis, IN 27 Jacksonville, FL 28Kansas City, MO-KS 29Las Vegas, NV 30Little Rock, AR 31Los Angeles, CA 32Los Angeles/Inland Empire, CA 33Louisville, KY 34Memphis, TN 35Miami/Dade County, FL 36Milwaukee, WI 37Minneapolis, MN 38 Nashville, TN 39 New Jersey – Central 40 New Jersey – Northern 41 New York, NY 42 – 44Oakland, CA 45Orange County, CA 46Orlando, FL 47Philadelphia, PA 48Phoenix, AZ 49Pleasanton/Walnut Creek, CA 50Portland, OR 51Raleigh/Durham, NC 52Reno, NV 53Sacramento, CA 54San Diego, CA 55San Francisco, CA 56San Francisco/San Mateo Peninsula, CA 57San Jose/Silicon Valley, CA 58Santa Rosa/Sonoma County, CA 59Seattle/Puget Sound, WA 60St. Louis, MO 61Stockton, CA 62Tampa Bay, FL 63Washington, DC 64 – 65West Palm Beach, FL 66
COLLIERS INTERNATIONA L l U. S. REA L ESTATE REVIEW 2009
www.colliers.com
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