Marcus & Millichap

2019 Office Investment Forecast

National Report, 2019

Special Research Report

Access Full Report Subscribe

National Office Index (NOI)

  • Seattle-Tacoma leads the 2019 Index, maintaining the position it captured last year. Other strong tech hubs follow, with San Francisco (#2) rising one place and San Jose (#3) moving up 2 spaces. The only newcomer to the Index’s top five is Raleigh (#5), propelled by robust leasing that has produced single-digit vacancy.
  • Sunbelt metros made the most significant changes in the 2019 NOI. Charlotte (#8) and Phoenix (#17) each vaulted eight places, while Orlando (#20) jumped seven slots. The largest declines in this year’s Index were registered by Miami-Dade (#22) and San Antonio (#32), moving down eight places, followed closely behind by Tampa-St. Petersburg (#16) and Portland (#11), which each slipped seven spots.

Access Full Report Subscribe