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Eugene Market
PREPARED BY
Frances Victor
Broker
Industrial Market Report
INDUSTRIAL MARKET REPORT
Market Key Statistics 2
Leasing 3
Rent 5
Construction 7
Under Construction Properties 8
Sales 9
Sales Past 12 Months 10
Economy 12
Market Submarkets 14
Supply & Demand Trends 16
Rent & Vacancy 18
Sale Trends 20
Eugene Industrial
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OverviewEugene Industrial
12 Mo Deliveries in SF
128 K12 Mo Net Absorption in SF
1.5 MVacancy Rate
1.2%12 Mo Rent Growth
6.3%Eugene, situated in Lane County, is historicallydependent on the lumber industry. Environmentalprotections passed in the 1990s, followed by the GreatRecession, have had a negative impact on the forestproduct trade. There was a difficult adjustment period inwhich the local employment base was forced to diversify.
At present the major employers in Eugene—the stalwartsof education, healthcare, and government—are not greatusers of industrial space. This context offers insight intowhy there is little industrial development in Eugenedespite vacancies of 1%, consistently strong rent growth,and solid sales performance.
KEY INDICATORS
Asking RentVacancy RateRBACurrent Quarter Availability RateNet Absorption
SFDeliveries SF
UnderConstruction
$6.661.1%13,870,787Logistics 2.9% 71,512 81,500 39,520
$7.001.4%14,294,958Specialized Industrial 3.2% 2,800 0 0
$9.531.2%2,323,830Flex 1.2% 6,264 0 0
$7.041.2%30,489,575Market 2.9% 80,576 81,500 39,520
ForecastAverage
HistoricalAverage
12 MonthAnnual Trends Peak When Trough When
1.2%4.6%-4.5%Vacancy Change (YOY) 10.8% 2012 Q3 1.2% 2006 Q3
217,76567,3311.5 MNet Absorption SF 1,405,188 2017 Q4 (1,125,975) 2009 Q2
112,33473,690128 KDeliveries SF 241,587 2007 Q3 0 2015 Q4
2.4%2.2%6.3%Rent Growth 7.3% 2017 Q3 -5.2% 2009 Q4
N/A$31.8 M$70.6 MSales Volume $82.6 M 2016 Q2 $4.5 M 2008 Q1
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LeasingEugene Industrial
There is strong demand for industrial space in Eugene,evidenced by high rent growth and very tight vacancy.However, over the cycle, inventory has increased by lessthan 1%. The lack of deliveries indicates that thedemand for industrial space is not widely recognized.
Eugene industrial space caters more to manufacturersthan to distributors. Regional tenants include such localplayers as Monaco Coach, a luxury motor homemanufacturer, and Rears Manufacturing, a producer ofagricultural equipment, and branches of nationalcompanies such as International Paper Co. andWeyerhaeuser, which both take advantage of easyaccess to forest products. In November 2016, Broadcombacked out of plans to revive the former Hynixsemiconductor plant, forgoing $21 million in tax
incentives, and put the 1.2 million SF property back onthe market. It recently sold at auction. Taking a broaderview of regional employment trends, Natural Resources,Mining and Construction has experienced solid jobgrowth in the past 12 months, though only about 8,000people currently work in related positions. Growth forTrade, Transportation and Utilities is near-flat, while jobsin Manufacturing have declined.
Small logistics product may get a boost from thelegalization of marijuana. In 2015, the State of Oregondeclared recreational marijuana legal, further increasingdemand from growers looking for logistics space. InDenver, the legalization of marijuana has had a hugelypositive impact on industrial demand and rental rates.The industry could have the same effect in Eugene.
NET ABSORPTION, NET DELIVERIES & VACANCY
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LeasingEugene Industrial
VACANCY RATE
AVAILABILITY RATE
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RentEugene Industrial
Rent growth is very strong, hovering around 7% for thepast few years. The growth, which has been substantialfrom 2014 onward, is probably driven by the dearth ofnew construction during the recovery. Rental rates are a
bit lower than the national rate. In the face of staticinventory, tenants are compelled to accept large rentincreases due to lack of other options.
ASKING RENT GROWTH (YOY)
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RentEugene Industrial
ASKING RENT PER SQUARE FOOT
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ConstructionEugene Industrial
Industrial inventory in Eugene has increased by less than1% over the course of the cycle. Many existingproperties, especially larger facilities, are owner-occupied. Developers are beginning to recognizeopportunity in this market, and all four projects whichdelivered in 2017 were speculative, securing tenantsafter breaking ground.
The 66,500 SF 1200 Renne Street building, scheduled
for construction in 18Q1, will be the largest building todeliver post-recession. The build-to-suit will be a teaplant for owner/occupant Yogi Tea. Even though rentgrowth is markedly high and the vacancy rate is about1%, there is limited pipeline activity, and only one otherbuilding is presently under construction. The 15,000 SFstructure at 630 30th Street in Springfield is alsoscheduled for 18Q1 delivery. The spec project has notyet secured a tenant.
DELIVERIES & DEMOLITIONS
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Under Construction PropertiesEugene Industrial
Properties
3Square Feet
39,520Percent of Inventory
0.1%Preleased
53.1%UNDER CONSTRUCTION PROPERTIES
UNDER CONSTRUCTION
Property Name/Address Rating Bldg SF Stories Start Complete Developer/Owner
Mar-20181375 S Bertelsen Rd
Building C21,000 1 Oct-2018
-
-1
Mar-20181375 S Bertelsen Rd
Building B10,120 1 Sep-2018
-
-2
Mar-2018295 Cap Ct
8,400 1 Apr-2018-
-3
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SalesEugene Industrial
The typical industrial sale in Eugene is under $2 million,and historically the majority of deals are owner/user.There were two quite substantial sales in 2017, however.
Corning Inc’s acquisition of the 1,191,000 SF formerHynix Plant, now termed the Eugene Technology Center,is the latest development in the property’s ongoing saga.The building has been vacant since 2008. It waspurchased at auction for $12.8 million ($10.70/SF) in
November from Broadcom, which paid $21 million for theproperty only two years earlier.
In January 2017, the 335,000 SF distribution property at91386 N Coburg Industrial Way sold for $13 million($39/SF). Sold by an individual based in the metro, thiswas an owner/user purchase by Rear’s Manufacturing,who now fully occupy the property.
SALES VOLUME & PRICE PER SF INDEX
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Sales Past 12 MonthsEugene Industrial
Sale Comparables
77Avg. Cap Rate
6.7%Avg. Price/SF
$31Avg. Vacancy At Sale
1.0%SALE COMPARABLE LOCATIONS
SALE COMPARABLES SUMMARY STATISTICS
Sales Attributes Low Average Median High
Sale Price $70,000 $2,151,974 $1,175,000 $12,750,000
Price Per SF $11 $31 $67 $212
Cap Rate 6.3% 6.7% 7.0% 7.0%
Time Since Sale in Months 1.0 6.2 5.8 12.0
Property Attributes Low Average Median High
Building SF 1,862 37,583 12,000 1,191,293
Ceiling Height 9' 17'1" 17' 30'
Docks 0 0 0 8
Vacancy Rate At Sale 0% 1.0% 0% 78.1%
Year Built 1930 1978 1976 2019
Star Rating 1.8
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Sales Past 12 MonthsEugene Industrial
Property Name - Address Rating Yr Built Bldg SF Vacancy Price Price/SF
Property
Sale Date
Sale
Cap Rate
RECENT SIGNIFICANT SALES
-1 Eugene Technology Cen…1998 1,191,293 0% $12,750,000 $11
1830 Willow Creek Cir11/13/2017 -
-2 990 Owen Loop N- 100,514 0% $10,600,000 $10512/27/2017 -
-3 800 48th St- 252,592 0% $6,750,000 $271/8/2018 -
-4 2890 Chad Dr- 25,000 0% $5,300,000 $21211/28/2017 -
-5 1020 Owen Loop S2001 42,000 0% $3,500,000 $836/26/2017 -
-6 190 S Danebo Ave- 25,810 0% $3,000,000 $1161/26/2018 -
-7 3500 Commercial St- 33,264 0% $2,600,000 $781/3/2018 -
-8 West Eugene Industrial…1976 45,500 22.0% $2,400,000 $53
3535 W 1st Ave10/4/2017 -
-9 2950 Chad Dr- 22,204 0% $2,250,000 $1015/31/2017 -
-10 2345 W Broadway- 40,000 0% $2,100,000 $537/10/2017 -
-11 1465 W 7th Ave1950 24,150 0% $1,963,800 $812/1/2018 -
-12 2701 W 1st Ave- 72,098 0% $1,272,600 $1811/7/2017 -
-13 3115 Industrial Ave- 8,700 0% $1,200,001 $1382/27/2018 -
-14 Saginaw Industrial Facility1970 112,000 0% $1,200,000 $11
32941 E Saginaw Rd10/27/2017 -
-14 Saginaw Industrial Facility1970 112,000 0% $1,200,000 $11
32941 E Saginaw Rd10/26/2017 -
-15 490 S Bertelsen Rd1976 16,696 0% $1,200,000 $725/25/2017 -
-16 495 Seneca Rd- 14,858 0% $1,175,000 $7912/11/2017 -
-17 1015 Arrowsmith St1976 14,532 0% $1,100,000 $764/3/2017 -
-18 645-655 Wilson St- 18,888 0% $1,100,000 $5812/29/2017 -
-19 675 Conger St1975 17,185 0% $1,072,052 $6211/15/2017 7.0%
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EconomyEugene Industrial
Eugene is essentially at full employment. The metro isexhibiting robust population, labor force, and, particularly,income growth. At just over $51,000, however, themetro’s median household income lags behind thenational median of $59,000. Low costs of living, a localeconomy on the upswing, and the appealing asset of aneducated labor pool—by way of University of Oregongraduates—provide strong fundamentals. The city alsobenefits from infrastructure spending: About $100 millionwas spent in expanding the EmX rapid-transit system toWest Eugene, officially beginning service in September2017 following two years of construction.
Of Eugene’s top 10 employers in 2016, eight weregovernment entities. Led by the University of Oregon,with about 5,500 employees, the others include federal,state, county, and city agencies, two school districts, andLane Community College. The other two on the list aremedical providers: PeaceHealth Medical Group (5,500employees) and McKenzie-Willamette Medical Center(880 employees). Recent job growth is also concentratedin these industries: Both Education and Health Servicesand Government have posted gains. Natural Resources,Mining and Construction is also picking up, good newsfor a region heavily dependent on the lumber industry.
EUGENE EMPLOYMENT BY INDUSTRY IN THOUSANDS
NAICS Industry Jobs LQ MarketUS USMarketUSMarket
Current Jobs Current Growth 10 Yr Historical 5 Yr Forecast
-1.20%-0.60%-1.12%-3.65%-0.41%-0.08%1.013Manufacturing
0.40%0.67%0.30%0.45%0.40%1.72%1.030Trade, Transportation and Utilities
0.43%0.57%0.21%0.46%-0.13%1.10%1.221 Retail Trade
0.74%1.43%0.24%-0.61%0.85%0.00%0.88Financial Activities
0.65%0.52%-0.03%0.61%0.18%6.34%1.332Government
---0.54%0.63%4.51%6.53%1.31Natural Resources and Mining
1.27%1.81%2.07%2.31%1.75%3.46%1.026Education and Health Services
1.49%2.54%1.57%0.96%2.44%-1.68%0.818Professional and Business Services
0.29%0.40%-1.04%-4.59%-1.11%-9.53%0.82Information
1.26%1.54%1.75%1.39%2.02%3.28%1.017Leisure and Hospitality
0.41%0.51%0.43%0.28%0.88%2.81%0.95Other Services
Total Employment 162 1.0 2.47% 1.28% 0.25% 0.65% 1.21% 0.82%
Source: Moody's Analytics
LQ = Location Quotient
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EconomyEugene Industrial
Source: Moody’s Analytics
YEAR OVER YEAR JOB GROWTH
DEMOGRAPHIC TRENDS
Current ChangeCurrent Level
Metro U.S.Metro U.S.Demographic Category
10-Year Change Forecast Change
Metro U.S. Metro U.S.
Population 327,350,006374,937 0.8% 0.7% 0.8% 0.8% 0.6% 0.7%
Households 126,308,406159,092 1.5% 1.2% 0.9% 0.9% 1.2% 1.1%
Median Household Income $60,221$50,510 3.5% 3.5% 1.6% 1.6% 3.4% 3.0%
Labor Force 160,867,340187,337 4.1% 0.6% 0.2% 0.4% 1.1% 0.8%
Unemployment 4.1%4.5% 0.1% -0.6% -0.1% -0.1% - -
Source: Moody’s Analytics
POPULATION GROWTH
Source: Moody's Analytics
LABOR FORCE GROWTH INCOME GROWTH
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SubmarketsEugene Industrial
EUGENE SUBMARKETS
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SubmarketsEugene Industrial
SUBMARKET INVENTORY
12 Month Deliveries Under Construction
Bldgs SF (000) Percent Rank
Inventory
Bldgs SF (000) Percent RankBldgs SF (000) % Market RankSubmarketNo.
1 Lane County 30,490 100% 1 3 40 0.1% 11,226 6 128 0.4% 1
SUBMARKET RENT
Growth
Asking Rent
Per SFSubmarketNo.
12 Month Asking Rent Annualized Quarterly Rent
RankRank GrowthRank
1 Lane County 5.2%1 6.3% 1$7.04 1
SUBMARKET VACANCY & NET ABSORPTION
12 Month Net Absorption
Rank Construct. Ratio
Vacancy
SF % of InvSF PercentSubmarketNo. Rank
1 Lane County 372,425 1.2% 0.11,473,721 4.8% 11
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Supply & Demand TrendsEugene Industrial
OVERALL SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Constrct. RatioSF SF Growth % Growth SFYear
2022 105,705 0.3% 0.3%77,582 1.430,968,326
2021 117,175 0.4% 0.2%61,586 1.930,862,621
2020 129,732 0.4% 0.1%24,016 5.430,745,446
2019 89,366 0.3% 0.4%126,458 0.730,615,714
2018 118,273 0.4% 0.2%70,362 1.730,526,348
YTD 81,500 0.3% 0.3%80,576 1.030,489,575
2017 38,823 0.1% 4.6%1,405,188 030,408,075
2016 152,462 0.5% -2.1%(640,369) -30,369,252
2015 0 0% 1.4%424,445 030,216,790
2014 74,279 0.2% 3.4%1,032,653 0.130,216,790
2013 0 0% 3.0%893,867 030,142,511
2012 0 0% -2.5%(768,291) 030,142,511
2011 0 0% 0%(1,359) 030,142,511
2010 0 0% -2.2%(672,491) 030,142,511
2009 39,224 0.1% -2.6%(780,062) -30,142,511
2008 73,480 0.2% -1.1%(318,447) -30,103,287
SPECIALIZED INDUSTRIAL SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Constrct. RatioSF SF Growth % Growth SFYear
2022 718 0% -0.1%(11,334) -14,297,772
2021 797 0% -0.2%(24,139) -14,297,054
2020 857 0% -0.3%(48,452) -14,296,257
2019 444 0% 0.1%15,487 014,295,400
2018 (2) 0% -0.5%(69,487) -14,294,956
YTD 0 0% 0%2,800 014,294,958
2017 0 0% 8.7%1,237,046 014,294,958
2016 0 0% -7.2%(1,024,889) 014,294,958
2015 0 0% 2.1%296,118 014,294,958
2014 11,221 0.1% 1.9%271,083 014,294,958
2013 0 0% 5.2%739,997 014,283,737
2012 0 0% -0.8%(110,478) 014,283,737
2011 0 0% -0.4%(55,503) 014,283,737
2010 0 0% -3.3%(469,406) 014,283,737
2009 0 0% -5.6%(795,976) 014,283,737
2008 0 0% -0.8%(117,785) 014,283,737
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Supply & Demand TrendsEugene Industrial
LOGISTICS SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Constrct. RatioSF SF Growth % Growth SFYear
2022 90,788 0.6% 0.5%76,418 1.214,287,724
2021 100,628 0.7% 0.5%73,769 1.414,196,936
2020 111,448 0.8% 0.5%63,666 1.814,096,308
2019 76,949 0.6% 0.7%95,981 0.813,984,860
2018 118,624 0.9% 0.9%129,968 0.913,907,911
YTD 81,500 0.6% 0.5%71,512 1.113,870,787
2017 38,823 0.3% 0.8%108,962 0.413,789,287
2016 106,360 0.8% 2.8%390,548 0.313,750,464
2015 0 0% 0.7%100,235 013,644,104
2014 63,058 0.5% 5.2%711,694 0.113,644,104
2013 0 0% 0.8%112,422 013,581,046
2012 0 0% -4.8%(655,002) 013,581,046
2011 0 0% 0.2%22,809 013,581,046
2010 0 0% -1.4%(186,933) 013,581,046
2009 39,224 0.3% 0.3%44,315 0.913,581,046
2008 65,980 0.5% -1.0%(130,778) -13,541,822
FLEX SUPPLY & DEMAND
Net AbsorptionInventory
% of Inv Constrct. RatioSF SF Growth % Growth SFYear
2022 14,199 0.6% 0.5%12,498 1.12,382,830
2021 15,750 0.7% 0.5%11,956 1.32,368,631
2020 17,427 0.7% 0.4%8,802 2.02,352,881
2019 11,973 0.5% 0.6%14,990 0.82,335,454
2018 (349) 0% 0.4%9,881 -2,323,481
YTD 0 0% 0.3%6,264 02,323,830
2017 0 0% 2.5%59,180 02,323,830
2016 46,102 2.0% -0.3%(6,028) -2,323,830
2015 0 0% 1.2%28,092 02,277,728
2014 0 0% 2.2%49,876 02,277,728
2013 0 0% 1.8%41,448 02,277,728
2012 0 0% -0.1%(2,811) 02,277,728
2011 0 0% 1.4%31,335 02,277,728
2010 0 0% -0.7%(16,152) 02,277,728
2009 0 0% -1.2%(28,401) 02,277,728
2008 7,500 0.3% -3.1%(69,884) -2,277,728
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Rent & VacancyEugene Industrial
OVERALL RENT & VACANCY
Asking Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2022 137 0.9% 9.4%$7.67 480,188 1.6% 0.1%
2021 136 1.0% 8.5%$7.60 452,065 1.5% 0.2%
2020 134 0.9% 7.6%$7.52 396,476 1.3% 0.3%
2019 133 2.4% 6.8%$7.46 290,760 0.9% -0.1%
2018 130 4.8% 4.6%$7.28 327,852 1.1% -0.1%
YTD 126 1.2% 1.2%$7.04 372,425 1.2% 0%
2017 124 7.1% 0%$6.95 371,501 1.2% -4.5%
2016 116 7.0% -7.1%$6.49 1,737,962 5.7% 2.6%
2015 108 6.7% -14.6%$6.07 945,131 3.1% -1.4%
2014 102 6.4% -22.2%$5.69 1,369,576 4.5% -3.2%
2013 96 3.9% -30.0%$5.34 2,327,950 7.7% -3.0%
2012 92 1.4% -35.1%$5.15 3,221,817 10.7% 2.5%
2011 91 -0.8% -37.0%$5.07 2,453,526 8.1% 0%
2010 91 -3.6% -35.9%$5.11 2,452,167 8.1% 2.2%
2009 95 -5.2% -31.1%$5.30 1,779,676 5.9% 2.7%
2008 100 -0.8% -24.3%$5.59 960,390 3.2% 1.3%
SPECIALIZED INDUSTRIAL RENT & VACANCY
Asking Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2022 139 0.9% 9.1%$7.62 249,346 1.7% 0.1%
2021 138 1.0% 8.3%$7.55 237,294 1.7% 0.2%
2020 136 0.9% 7.3%$7.48 212,358 1.5% 0.3%
2019 135 2.4% 6.5%$7.41 163,049 1.1% -0.1%
2018 132 4.5% 4.3%$7.24 178,092 1.2% -0.2%
YTD 127 1.0% 1.0%$7.00 197,367 1.4% 0%
2017 126 7.3% 0%$6.93 200,167 1.4% -8.7%
2016 118 7.3% -7.3%$6.46 1,437,213 10.1% 7.2%
2015 110 6.2% -15.1%$6.02 412,324 2.9% -2.1%
2014 103 6.3% -22.3%$5.67 708,442 5.0% -1.8%
2013 97 4.2% -29.9%$5.33 968,304 6.8% -5.2%
2012 93 2.0% -35.4%$5.12 1,708,301 12.0% 0.8%
2011 91 -0.3% -38.1%$5.02 1,597,823 11.2% 0.4%
2010 92 -3.3% -37.7%$5.03 1,542,320 10.8% 3.3%
2009 95 -5.2% -33.2%$5.20 1,072,914 7.5% 5.6%
2008 100 -0.4% -26.3%$5.49 276,938 1.9% 0.8%
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Rent & VacancyEugene Industrial
LOGISTICS RENT & VACANCY
Asking Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2022 135 0.9% 9.8%$7.26 195,473 1.4% 0.1%
2021 134 1.0% 8.9%$7.20 181,103 1.3% 0.2%
2020 132 0.9% 8.0%$7.12 154,244 1.1% 0.3%
2019 131 2.4% 7.2%$7.06 106,462 0.8% -0.1%
2018 128 5.2% 5.0%$6.89 125,494 0.9% -0.1%
YTD 124 1.6% 1.6%$6.66 146,826 1.1% 0.1%
2017 122 7.5% 0%$6.55 136,838 1.0% -0.5%
2016 113 6.9% -7.5%$6.09 207,073 1.5% -2.1%
2015 106 7.2% -14.9%$5.70 491,261 3.6% -0.7%
2014 99 6.2% -23.2%$5.32 591,496 4.3% -4.8%
2013 93 3.4% -30.9%$5.01 1,240,132 9.1% -0.8%
2012 90 0.5% -35.3%$4.84 1,352,554 10.0% 4.8%
2011 90 -1.2% -35.9%$4.82 697,552 5.1% -0.2%
2010 91 -4.1% -34.4%$4.88 720,361 5.3% 1.4%
2009 94 -5.6% -28.9%$5.08 533,428 3.9% 0%
2008 100 -1.8% -21.7%$5.39 538,519 4.0% 1.4%
FLEX RENT & VACANCY
Asking Rent
Per SF Index % Growth Vs Hist PeakYear
Vacancy
SF Percent Ppts Chg
2022 139 0.9% 8.8%$10.37 35,369 1.5% 0.1%
2021 137 1.0% 8.0%$10.28 33,668 1.4% 0.2%
2020 136 0.8% 7.1%$10.18 29,874 1.3% 0.4%
2019 135 2.4% 6.3%$10.09 21,249 0.9% -0.1%
2018 132 4.2% 4.0%$9.86 24,266 1.0% -0.4%
YTD 127 0.8% 0.7%$9.53 28,232 1.2% -0.3%
2017 126 4.4% 0%$9.46 34,496 1.5% -2.5%
2016 121 6.1% -4.4%$9.07 93,676 4.0% 2.2%
2015 114 6.8% -10.7%$8.55 41,546 1.8% -1.2%
2014 107 7.5% -18.3%$8.00 69,638 3.1% -2.2%
2013 99 4.5% -27.1%$7.44 119,514 5.2% -1.8%
2012 95 2.7% -32.9%$7.12 160,962 7.1% 0.1%
2011 93 -1.3% -36.4%$6.94 158,151 6.9% -1.4%
2010 94 -2.6% -34.6%$7.03 189,486 8.3% 0.7%
2009 96 -3.5% -31.0%$7.22 173,334 7.6% 1.2%
2008 100 1.4% -26.4%$7.48 144,933 6.4% 3.4%
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Sale TrendsEugene Industrial
OVERALL SALES
Completed Transactions
Turnover Avg Price/SFDeals VolumeYear
Market Pricing Trends
Avg Price Price IndexAvg Cap Rate Price/SF Cap Rate
2022 -- - -- 138- $71.15 8.7%
2021 -- - -- 137- $70.86 8.7%
2020 -- - -- 136- $70.08 8.7%
2019 -- - -- 132- $68.33 8.6%
2018 -- - -- 127- $65.58 8.5%
YTD $15.7 M13 1.3% $44.92$2,241,686 123- $63.24 8.4%
2017 $71.1 M72 9.5% $30.26$2,293,082 1216.7% $62.46 8.3%
2016 $57.4 M70 4.0% $54.26$1,078,004 1158.4% $59.54 8.3%
2015 $72.8 M64 8.6% $31.93$1,583,585 1106.5% $56.52 8.3%
2014 $35.2 M40 2.6% $49.51$1,136,969 1049.0% $53.42 8.3%
2013 $24.7 M32 2.7% $35.65$1,176,764 97- $50.10 8.5%
2012 $38.2 M33 5.6% $24.24$1,659,042 9110.0% $47.00 8.8%
2011 $20.4 M26 1.5% $46.11$888,824 85- $43.99 9.2%
2010 $15.6 M19 1.2% $44.38$818,955 819.1% $41.83 9.5%
2009 $19.8 M23 1.6% $42.17$899,227 848.0% $43.45 9.7%
2008 $6.6 M4 0.3% $73.82$1,647,250 100- $51.62 9.0%
3/28/2018Copyrighted report licensed to Keller Williams Realty Portland Premiere -
666336. Page 20