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Just Released: IRR's Mid-Year 2020 Viewpoint Local Market Reports Aug 31, 2020

CRE Market Could Recover as soon as 18 Months, with Industrial and Multifamily Leading the Way,
According to Integra’s Mid-Year Market Reports

Integra Releases 259 Local Market Reports that Explore Commercial Real Estate Trends Across Five Property Sectors:
Office, Industrial, Retail, Hospitality and Multifamily

IRR's Mid-Year 2020 Viewpoint Reports


DENVER, CO— (August 31, 2020) Integra Realty Resources (IRR), one of North America’s largest independent commercial real estate valuation and consulting firms, today announced its highly anticipated local Mid-Year Market Reports—a supplemental update to its flagship Viewpoint 2020 report released in January—are now available.

Addressing the uncertainty in the current commercial real estate market, Anthony M. Graziano, MAI, CRE, Chairman and CEO of Integra Realty Resources, said, “The headline problem is unemployment and interruption of personal expenditures. While most real estate sectors have taken a significant hit, the brunt of the pandemic’s impact is falling on the hospitality and retail sectors. One bright spot is the industrial real estate sector, fueled by rising e-commerce demand. The biggest question is, when will the market recover from this pandemic-induced recession? The good news is it could be as little as 18 months, with industrial and multifamily leading the way.”

IRR has released 259 local market reports covering 64 U.S. markets that can be downloaded for free at http://www.irr.com/research. The local reports provide a detailed overview of the local commercial real estate market across five key real estate sectors including office, industrial, retail, hospitality and multifamily. To access a local office’s Local Market Report, just visit the research section of the respective local office’s webpage on irr.com.  For example, the San Francisco Mid-Year Market Reports can be found at https://www.irr.com/sanfrancisco/research

Below are a few highlights from the more than 250 local market reports released.

IRR VIEWPOINT MID-YEAR 2020 REPORT HIGHLIGHTS

  • Atlanta
    • Industrial: Demand Outweighs Supply
    • Multifamily: Atlanta Outshines SE Region 
    • Office: Near-Term Uncertainty but Long-Term Stability
    • Retail: Recovery Eminent Despite Rising Vacancy
  • Bay Area
    • Industrial: Decreasing Demand and Increasing Supply
    • Multifamily: Uncertainty Leads to Declining Sales
    • Office: Positioned for Stability Over the Long-Term
    • Retail:  Remains Tight Despite Increased Vacancies
       
  • Boston
    • Industrial: Demand Keeps Up with Supply
    • Multifamily: 24 Months Until Market Recovers
    • Office: Office Rent Recovery Probable by 2022
    • Retail: Increasing Vacancies Followed by Probable Recovery in Mid-2021
       
  • Chicago
    • Industrial: COVID Accelerates Industrial Growth Trend
    • Multifamily: Suburbs Outshine Downtown Market
    • Office: Downtown Market Remains Vibrant
    • Retail: Resetting and Realigning in the Face of COVID
  • Dallas
    • Industrial: Remains Healthy During Pandemic
    • Multifamily: Rents Declining while Occupancy Remains Unchanged
    • Office: Anticipated Landlords Concessions Should Maintain Occupancy
    • Retail: Large-Scale Development on Pause
       
  • Houston
    • Industrial: Positioned to Weather the Storm
    • Multifamily: Market Remains Soft with Q2’20 Vacancies at 10.5%
    • Office: Recovery Hampered by Oil Slump and Pandemic
    • Retail: Declining Rents and Increasing Vacancies over the Next 12 Months
       
  • Los Angeles
    • Industrial: Slumping China Trade Favors Inland Empire Industrial over LA’s Ports
    • Multifamily: Recovery Unclear
    • Office: Class B Properties May Decline Less Than Class A
    • Retail:  Substantial Declines for the Foreseeable Future
       
  • Northern New Jersey
    • Industrial: Strong Demand Outstrips Industrial Supply
    • Multifamily: Apartments Remain a Bright Spot
    • Office: Cautious Optimism for Market Stability
    • Retail: Decline of Regional Malls Further Accelerated by Pandemic
       
  • Washington DC
    • Industrial: Demand Remains Strong
    • Multifamily: Remains Stable and Viable Amidst Turmoil
    • Office: Proximity to Federal Government Bodes Well for Long-Term Prospects
    • Retail: Stronger than Most During Pandemic

For more information about IRR’s 2020 Mid-Year Reports, or to access additional IRR research, please visit the company’s online research section at www.irr.com/research/

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Each IRR office is led by an MAI-designated Senior Managing Director, industry leaders who have over 25 years, on average, of commercial real estate experience in their local markets.
Integra Offices Map Denver, CO Denver, CO 575 Union Blvd.
Suite 209
Lakewood, CO 80228
Phone: 720-833-5930
Fax: 303-951-1924
Boston, MA Boston, MA 303 Congress Street
4th Floor
Boston, MA 02210
Phone: 617-457-3300
Fax: 617-457-3267
Seattle, WA Seattle, WA 600 University Street
Suite 310
Seattle, WA 98101
Phone: 206-436-1179
Fax: 206-623-5731
Portland, OR Portland, OR IRR-Corporate
Portland, OR 97205
Phone: 212-575-2935
Fax: 646-424-1869
Boise, ID Boise, ID RiverWalk Center
1661 W. Shoreline Dr. Suite 200
Boise, ID 83702
Phone: 208-342-2500
Fax: 208-342-2220
Salt Lake City, UT Salt Lake City, UT 5107 South 900 East
Suite 200
Salt Lake City, UT 84117
Phone: 801-263-9700
Fax: 801-263-9709
Las Vegas, NV Las Vegas, NV 8367 West Flamingo Road
Suite 200
Las Vegas, NV 89147
Phone: 702-869-0442
Fax: 702-869-0955
Phoenix, AZ Phoenix, AZ 2999 N. 44th Street
Suite 512
Phoenix, AZ 85018
Phone: 602-266-5599
Fax: 602-266-1515
Sacramento, CA Sacramento, CA 3825 Atherton Road
Suite 500
Rocklin, CA 95765
Phone: 916-435-3883
Fax: 916-435-4774
San Francisco, CA San Francisco, CA 555 Meridian Avenue
Suite C
San Jose, CA 95126
Phone: 408-299-0444
Fax: 408-299-0449
Los Angeles, CA Los Angeles, CA 16030 Ventura Boulevard
Suite 620
Encino, CA 91436-4473
Phone: 818-290-5400
Fax: 818-290-5401
Orange County, CA Orange County, CA 2151 Michelson Drive
Suite 205
Irvine, CA 92612
Phone: 949-591-8150
San Diego, CA San Diego, CA Cornerstone Professional Center
2775 Via De La Valle, Suite 206
Del Mar, CA 92014
Phone: 858-259-4900
Fax: 858-259-4910
Miami, FL Miami, FL 9155 S. Dadeland Boulevard
Suite 1208
Miami, FL 33156
Phone: 305-670-0001
Fax: 305-670-2276
Naples, FL Naples, FL 2770 Horseshoe Drive S
Suite 3
Naples, FL 34104
Phone: 239-643-6888
Fax: 239-643-6871
Tampa, FL Tampa, FL 550 North Reo Street
Suite 220
Tampa, FL 33609
Phone: 813-287-1000
Fax: 813-281-0681
Orlando, FL Orlando, FL 326 North Magnolia Avenue
Orlando, FL 32801-2431
Phone: 407-843-3377
Fax: 407-841-3823
Jacksonville, FL Jacksonville, FL IRR-Corporate
Jacksonville, FL 32217
Phone: 212-575-2935
Fax: 646-424-1869
Charleston, SC Charleston, SC 11-C Isabella Street
Charleston, SC 29403
Phone: 843-718-2125
Fax: 843-718-2058
Atlanta, GA Atlanta, GA 5256 Peachtree Road
Suite 115
Atlanta, GA 30341
Phone: 404-924-6247
Fax: 404-418-4357
Birmingham, AL Birmingham, AL 880 Montclair Road
Suite 275
Birmingham, AL 35213
Phone: 205-949-5995
Fax: 205-271-2389
Jackson, MS Jackson, MS 617 Renaissance Way
Suite 100
Ridgeland, MS 39157
Phone: 601-714-1665
Fax: 601-500-5314
Dallas, TX Dallas, TX 1100 Mira Vista Blvd.
Suite 300
Plano, TX 75093
Phone: 972-881-7191
Fax: 972-733-1403
Fort Worth, TX Fort Worth, TX 7080 Camp Bowie Boulevard
Fort Worth, TX 76116
Phone: 817-763-8000
Fax: 817-763-8017
Austin, TX Austin, TX 401 Congress Avenue
Suite 1540
Austin, TX 78701
Phone: 512-924-1345
Memphis, TN Memphis, TN 1661 International Drive
Suite 330
Memphis, TN 38120
Phone: 901-322-1701
Fax: 901-767-4918
Kansas City, MO Kansas City, MO 1100 Main Street
Suite 400
Kansas City, MO 64105
Phone: 816-652-0222
Fax: 636-530-0046
Providence, RI Providence, RI 2 Charles Street
Suite B1
Providence, RI 02904
Phone: 401-273-7710
Fax: 401-273-7410
Syracuse, NY Syracuse, NY 120 East Washington Street
Suite 525
Syracuse, NY 13202
Phone: 315-422-5577
Fax: 315-422-5295
Hartford, CT Hartford, CT 97 Broad Street
Middletown, CT 06457
Phone: 860-291-8997
Fax: 401-273-7410
New York, NY New York, NY IRR-Corporate
New York, NY 10036
Phone: 212-575-2935
Fax: 646-424-1869
Northern New Jersey Northern New Jersey 301 South Livingston Avenue
Suite 104
Livingston, NJ 07039
Phone: 973-422-9800
Fax: 973-422-9797
Coastal New Jersey Coastal New Jersey 1415 Hooper Ave.
Suite 306
Toms River, NJ 08753
Phone: 732-244-7000
Fax: 732-505-9498
Philadelphia, PA Philadelphia, PA 995 Old Eagle School Road
Suite 307
Wayne, PA 19087
Phone: 610-238-0238
Wilmington, DE Wilmington, DE IRR-Corporate
Wilmington, DE 19805
Phone: 212-575-2935
Fax: 646-424-1869
Baltimore, MD Baltimore, MD The Yards
700 Pennsylvania Ave, SE, Suite 200
Washington, DC 20003
Phone: 202-601-4146
Washington, DC Washington, DC The Yards
700 Pennsylvania Ave, SE, Suite 200
Washington, DC 20003
Phone: 202-601-4146
Fax: 646-424-1869
Pittsburgh, PA Pittsburgh, PA 3535 Boulevard of the Allies
Pittsburgh, PA 15213
Phone: 412-683-2211
Fax: 412-683-2220
Cleveland, OH Cleveland, OH 850 Euclid Ave.
Suite 952
Cleveland, OH 44114
Phone: 330-659-3640
Fax: 330-659-3640
Columbus, OH Columbus, OH 6233 Riverside Drive
Suite 2N
Dublin, OH 43017
Phone: 614-764-8040
Fax: 614-764-8050
Saint Louis, MO Saint Louis, MO 16759 Main Street
Suite 209
St. Louis, MO 63040
Phone: 636-898-6533
Fax: 636-530-0046
Chicago, IL Chicago, IL 400 E Randolph St.
Suite 715
Chicago, IL 60601
Phone: 312-565-0977
Fax: 312-565-3436
Minneapolis, MN Minneapolis, MN 8012 Old Cedar Avenue South
Minneapolis, MN 55425
Phone: 612-339-7700
Fax: 612-339-7937
Nashville, TN Nashville, TN 1894 General George Patton Drive
Suite 300
Franklin, TN 37067
Phone: 615-628-8275
Fax: 615-628-8286
Richmond, VA Richmond, VA 7110 Forest Avenue
Suite 202
Richmond, VA 23226
Phone: 804-346-2600
Fax: 804-747-9140
Greensboro, NC Greensboro, NC 5411-A Friendly Avenue
Greensboro, NC 27410
Phone: 336-676-6033
Fax: 336-676-6025
Raleigh, NC Raleigh, NC 8382 Six Forks Road
Suite 200
Raleigh, NC 27615
Phone: 919-847-1717
Fax: 919-847-1714
Charlotte, NC Charlotte, NC 214 W. Tremont Ave.
Suite 200
Charlotte, NC 28203
Phone: 704-376-0295
Fax: 704-342-3704
Columbia, SC Columbia, SC 141 Riverchase Way
Lexington, SC 29072
Phone: 803-772-8282
Fax: 803-772-0087
Cincinnati/Dayton, OH Cincinnati/Dayton, OH 8241 Cornell Road
Suite 210
Cincinnati, OH 45249
Phone: 513-561-2305
Fax: 513-561-2881
Detroit, MI Detroit, MI 400 W. Maple Road
Suite 100
Birmingham, MI 48009
Phone: 248-540-0040
Fax: 248-540-8239
Indianapolis, IN Indianapolis, IN 4981 North Franklin Road
Indianapolis, IN 46226
Phone: 317-546-4720
Fax: 317-546-1407
Louisville, KY Louisville, KY 13000 Equity Place
Suite 105
Louisville, KY 40223-3976
Phone: 502-452-1543
Fax: 502-451-3657
Caribbean Caribbean Cayman Business Park #A5, P.O. Box 751
Grand Cayman, Cayman islands
Camana Bay, KY KY1-9006
Phone: 844-952-7304
Houston, TX Houston, TX 9225 Katy Freeway
Suite 206
Houston, TX 77024
Phone: 713-973-0212
Fax: 713-973-2028
San Antonio, TX San Antonio, TX 10010 San Pedro Avenue
Suite 220
San Antonio, TX 78216
Phone: 210-446-4444
Puerto Rico Puerto Rico Vig Tower 1225 Ave Ponce De Leon
Suite MZ-4
San Juan, PR 00907-3907
Phone: 844-952-7304
New Orleans, LA New Orleans, LA 643 Magazine Street
Suite 301
New Orleans, LA 70130
Phone: 504-291-9019
Little Rock, AR Little Rock, AR 8201 Ranch Boulevard
Building B1, Office 6
Little Rock, AR 72223
Phone: 501-476-5561
Grand Rapids, MI Grand Rapids, MI 1009 44th Street, SW
Suite 107
Grand Rapids, MI 49509
Phone: 616-261-5000
Fax: 616-261-5045
Lubbock, TX Lubbock, TX 6309 Indiana Avenue
Suite D
Lubbock, TX 79413
Phone: 806-368-8063
Rio Grande Valley Rio Grande Valley 1601 West Trenton
Suite L108
Edinburg, TX 78539
Phone: 956-878-3577
Northwest Arkansas Northwest Arkansas 200 W. Center Street
Suite #4
Fayetteville, AR 72701
Phone: 479-326-8066