{
  "metadata": {
    "lastFullAudit": "2026-05-02",
    "primarySource": "Cushman & Wakefield Marketbeat Q1 2026 + CBRE Marketview Q1 2026 + JLL Office Insight Q1 2026 + Newmark Market Report Q1 2026 + Avison Young Market Q1 2026 + Colliers Research Q1 2026",
    "dataPolicy": "Effective rents reported where available; otherwise asking rents disclosed. NNN/CAM are blended class-A typical loads sourced from same brokerage reports. Property-type values derived via the multipliers in property-type-multipliers.json applied to the office-class-a anchor.",
    "freshnessDays": 90
  },
  "metros": {
    "san-francisco": {
      "metro": "san-francisco",
      "displayName": "San Francisco",
      "state": "CA",
      "rentByType": {
        "office-class-a": 78.4,
        "office-class-b": 61.15,
        "retail-storefront": 90.16,
        "restaurant-qsr": 103.49,
        "industrial-warehouse": 32.93
      },
      "nnnPSFTypical": 14,
      "camPSFTypical": 8,
      "freeRentMonthsTypical": 12,
      "tiAllowancePSFTypical": 80,
      "escalationPctTypical": 3,
      "vacancyRatePct": 31.2,
      "topSubmarkets": [
        "SoMa",
        "Financial District",
        "Mission Bay"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/san-francisco"
    },
    "new-york": {
      "metro": "new-york",
      "displayName": "New York City",
      "state": "NY",
      "rentByType": {
        "office-class-a": 72.1,
        "office-class-b": 56.24,
        "retail-storefront": 82.92,
        "restaurant-qsr": 95.17,
        "industrial-warehouse": 30.28
      },
      "nnnPSFTypical": 11,
      "camPSFTypical": 7,
      "freeRentMonthsTypical": 9,
      "tiAllowancePSFTypical": 90,
      "escalationPctTypical": 3.5,
      "vacancyRatePct": 18.8,
      "topSubmarkets": [
        "Midtown",
        "Plaza District",
        "Hudson Yards",
        "Downtown"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cbre.com/insights/figures/manhattan-office-figures"
    },
    "boston": {
      "metro": "boston",
      "displayName": "Boston",
      "state": "MA",
      "rentByType": {
        "office-class-a": 61.4,
        "office-class-b": 47.89,
        "retail-storefront": 70.61,
        "restaurant-qsr": 81.05,
        "industrial-warehouse": 25.79
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 6,
      "freeRentMonthsTypical": 6,
      "tiAllowancePSFTypical": 75,
      "escalationPctTypical": 3,
      "vacancyRatePct": 21.4,
      "topSubmarkets": [
        "Back Bay",
        "Seaport",
        "Cambridge"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.us.jll.com/en/trends-and-insights/research/boston-office-market-statistics"
    },
    "miami": {
      "metro": "miami",
      "displayName": "Miami",
      "state": "FL",
      "rentByType": {
        "office-class-a": 63.8,
        "office-class-b": 49.76,
        "retail-storefront": 73.37,
        "restaurant-qsr": 84.22,
        "industrial-warehouse": 26.8
      },
      "nnnPSFTypical": 11,
      "camPSFTypical": 6,
      "freeRentMonthsTypical": 4,
      "tiAllowancePSFTypical": 65,
      "escalationPctTypical": 3.5,
      "vacancyRatePct": 14.9,
      "topSubmarkets": [
        "Brickell",
        "Wynwood",
        "Miami Beach"
      ],
      "marketTrend": "rising",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/miami"
    },
    "seattle": {
      "metro": "seattle",
      "displayName": "Seattle",
      "state": "WA",
      "rentByType": {
        "office-class-a": 49.6,
        "office-class-b": 38.69,
        "retail-storefront": 57.04,
        "restaurant-qsr": 65.47,
        "industrial-warehouse": 20.83
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 9,
      "tiAllowancePSFTypical": 70,
      "escalationPctTypical": 3,
      "vacancyRatePct": 25.7,
      "topSubmarkets": [
        "Downtown",
        "South Lake Union",
        "Bellevue"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.us.jll.com/en/trends-and-insights/research/seattle-office-market-statistics"
    },
    "los-angeles": {
      "metro": "los-angeles",
      "displayName": "Los Angeles",
      "state": "CA",
      "rentByType": {
        "office-class-a": 48.9,
        "office-class-b": 38.14,
        "retail-storefront": 56.24,
        "restaurant-qsr": 64.55,
        "industrial-warehouse": 20.54
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 7,
      "tiAllowancePSFTypical": 60,
      "escalationPctTypical": 3,
      "vacancyRatePct": 23.1,
      "topSubmarkets": [
        "Century City",
        "DTLA",
        "Westside (Santa Monica/Culver/Playa)"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cbre.com/insights/figures/los-angeles-office-figures"
    },
    "chicago": {
      "metro": "chicago",
      "displayName": "Chicago",
      "state": "IL",
      "rentByType": {
        "office-class-a": 39.2,
        "office-class-b": 30.58,
        "retail-storefront": 45.08,
        "restaurant-qsr": 51.74,
        "industrial-warehouse": 16.46
      },
      "nnnPSFTypical": 14,
      "camPSFTypical": 7,
      "freeRentMonthsTypical": 8,
      "tiAllowancePSFTypical": 60,
      "escalationPctTypical": 3,
      "vacancyRatePct": 26.4,
      "topSubmarkets": [
        "Loop",
        "Fulton Market",
        "West Loop"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.nmrk.com/insights/market-report"
    },
    "dallas": {
      "metro": "dallas",
      "displayName": "Dallas",
      "state": "TX",
      "rentByType": {
        "office-class-a": 36.8,
        "office-class-b": 28.7,
        "retail-storefront": 42.32,
        "restaurant-qsr": 48.58,
        "industrial-warehouse": 15.46
      },
      "nnnPSFTypical": 10,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 6,
      "tiAllowancePSFTypical": 50,
      "escalationPctTypical": 3,
      "vacancyRatePct": 22.1,
      "topSubmarkets": [
        "Uptown",
        "Las Colinas",
        "Plano"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/dallas"
    },
    "denver": {
      "metro": "denver",
      "displayName": "Denver",
      "state": "CO",
      "rentByType": {
        "office-class-a": 36.2,
        "office-class-b": 28.24,
        "retail-storefront": 41.63,
        "restaurant-qsr": 47.78,
        "industrial-warehouse": 15.2
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 7,
      "tiAllowancePSFTypical": 55,
      "escalationPctTypical": 3,
      "vacancyRatePct": 24.8,
      "topSubmarkets": [
        "LoDo",
        "CBD",
        "Cherry Creek",
        "DTC"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.avisonyoung.com/markets/denver"
    },
    "atlanta": {
      "metro": "atlanta",
      "displayName": "Atlanta",
      "state": "GA",
      "rentByType": {
        "office-class-a": 36.4,
        "office-class-b": 28.39,
        "retail-storefront": 41.86,
        "restaurant-qsr": 48.05,
        "industrial-warehouse": 15.29
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 6,
      "tiAllowancePSFTypical": 50,
      "escalationPctTypical": 3,
      "vacancyRatePct": 23.6,
      "topSubmarkets": [
        "Buckhead",
        "Midtown",
        "Central Perimeter"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.nmrk.com/insights/market-report"
    },
    "houston": {
      "metro": "houston",
      "displayName": "Houston",
      "state": "TX",
      "rentByType": {
        "office-class-a": 33.4,
        "office-class-b": 26.05,
        "retail-storefront": 38.41,
        "restaurant-qsr": 44.09,
        "industrial-warehouse": 14.03
      },
      "nnnPSFTypical": 10,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 10,
      "tiAllowancePSFTypical": 55,
      "escalationPctTypical": 3,
      "vacancyRatePct": 24.2,
      "topSubmarkets": [
        "Energy Corridor",
        "Downtown",
        "Galleria"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.us.jll.com/en/trends-and-insights/research/houston-office-market-statistics"
    },
    "austin": {
      "metro": "austin",
      "displayName": "Austin",
      "state": "TX",
      "rentByType": {
        "office-class-a": 44.1,
        "office-class-b": 34.4,
        "retail-storefront": 50.72,
        "restaurant-qsr": 58.21,
        "industrial-warehouse": 18.52
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 8,
      "tiAllowancePSFTypical": 70,
      "escalationPctTypical": 3,
      "vacancyRatePct": 24.7,
      "topSubmarkets": [
        "Downtown",
        "East Austin",
        "The Domain"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cbre.com/insights/figures/austin-office-figures"
    },
    "san-diego": {
      "metro": "san-diego",
      "displayName": "San Diego",
      "state": "CA",
      "rentByType": {
        "office-class-a": 48.6,
        "office-class-b": 37.91,
        "retail-storefront": 55.89,
        "restaurant-qsr": 64.15,
        "industrial-warehouse": 20.41
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 5,
      "tiAllowancePSFTypical": 60,
      "escalationPctTypical": 3,
      "vacancyRatePct": 18.4,
      "topSubmarkets": [
        "Downtown",
        "UTC",
        "Sorrento Valley"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/san-diego"
    },
    "washington-dc": {
      "metro": "washington-dc",
      "displayName": "Washington DC",
      "state": "DC",
      "rentByType": {
        "office-class-a": 42.8,
        "office-class-b": 33.38,
        "retail-storefront": 49.22,
        "restaurant-qsr": 56.5,
        "industrial-warehouse": 17.98
      },
      "nnnPSFTypical": 10,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 8,
      "tiAllowancePSFTypical": 65,
      "escalationPctTypical": 3,
      "vacancyRatePct": 22.1,
      "topSubmarkets": [
        "CBD",
        "East End",
        "NoMa",
        "Capitol Hill"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/washington-dc"
    },
    "philadelphia": {
      "metro": "philadelphia",
      "displayName": "Philadelphia",
      "state": "PA",
      "rentByType": {
        "office-class-a": 33.2,
        "office-class-b": 25.9,
        "retail-storefront": 38.18,
        "restaurant-qsr": 43.82,
        "industrial-warehouse": 13.94
      },
      "nnnPSFTypical": 10,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 6,
      "tiAllowancePSFTypical": 50,
      "escalationPctTypical": 3,
      "vacancyRatePct": 23.4,
      "topSubmarkets": [
        "Center City",
        "University City",
        "King of Prussia"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.us.jll.com/en/trends-and-insights/research/philadelphia-office-market-statistics"
    },
    "phoenix": {
      "metro": "phoenix",
      "displayName": "Phoenix",
      "state": "AZ",
      "rentByType": {
        "office-class-a": 32.4,
        "office-class-b": 25.27,
        "retail-storefront": 37.26,
        "restaurant-qsr": 42.77,
        "industrial-warehouse": 13.61
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 5,
      "tiAllowancePSFTypical": 45,
      "escalationPctTypical": 3,
      "vacancyRatePct": 25.1,
      "topSubmarkets": [
        "Camelback Corridor",
        "Downtown",
        "Tempe"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.nmrk.com/insights/market-report"
    },
    "nashville": {
      "metro": "nashville",
      "displayName": "Nashville",
      "state": "TN",
      "rentByType": {
        "office-class-a": 36.8,
        "office-class-b": 28.7,
        "retail-storefront": 42.32,
        "restaurant-qsr": 48.58,
        "industrial-warehouse": 15.46
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 4,
      "tiAllowancePSFTypical": 55,
      "escalationPctTypical": 3,
      "vacancyRatePct": 19.4,
      "topSubmarkets": [
        "CBD",
        "The Gulch",
        "Cool Springs (Franklin)"
      ],
      "marketTrend": "rising",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cbre.com/insights/figures/nashville-office-figures"
    },
    "portland": {
      "metro": "portland",
      "displayName": "Portland (OR)",
      "state": "OR",
      "rentByType": {
        "office-class-a": 31.4,
        "office-class-b": 24.49,
        "retail-storefront": 36.11,
        "restaurant-qsr": 41.45,
        "industrial-warehouse": 13.19
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 9,
      "tiAllowancePSFTypical": 55,
      "escalationPctTypical": 3,
      "vacancyRatePct": 27.8,
      "topSubmarkets": [
        "Downtown",
        "Pearl District",
        "Lloyd"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.us.jll.com/en/trends-and-insights/research/portland-office-market-statistics"
    },
    "minneapolis": {
      "metro": "minneapolis",
      "displayName": "Minneapolis",
      "state": "MN",
      "rentByType": {
        "office-class-a": 28.8,
        "office-class-b": 22.46,
        "retail-storefront": 33.12,
        "restaurant-qsr": 38.02,
        "industrial-warehouse": 12.1
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 6,
      "tiAllowancePSFTypical": 50,
      "escalationPctTypical": 3,
      "vacancyRatePct": 24.6,
      "topSubmarkets": [
        "Downtown",
        "North Loop",
        "Bloomington"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/minneapolis"
    },
    "charlotte": {
      "metro": "charlotte",
      "displayName": "Charlotte",
      "state": "NC",
      "rentByType": {
        "office-class-a": 33.6,
        "office-class-b": 26.21,
        "retail-storefront": 38.64,
        "restaurant-qsr": 44.35,
        "industrial-warehouse": 14.11
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 5,
      "tiAllowancePSFTypical": 50,
      "escalationPctTypical": 3,
      "vacancyRatePct": 21.4,
      "topSubmarkets": [
        "Uptown",
        "South End",
        "SouthPark",
        "Ballantyne"
      ],
      "marketTrend": "rising",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/charlotte"
    },
    "raleigh": {
      "metro": "raleigh",
      "displayName": "Raleigh-Durham",
      "state": "NC",
      "rentByType": {
        "office-class-a": 31.8,
        "office-class-b": 24.8,
        "retail-storefront": 36.57,
        "restaurant-qsr": 41.98,
        "industrial-warehouse": 13.36
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 5,
      "tiAllowancePSFTypical": 55,
      "escalationPctTypical": 3,
      "vacancyRatePct": 18.7,
      "topSubmarkets": [
        "Downtown Raleigh",
        "RTP",
        "North Hills",
        "Durham (American Tobacco)"
      ],
      "marketTrend": "rising",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.us.jll.com/en/trends-and-insights/research/raleigh-durham-office-market-statistics"
    },
    "tampa": {
      "metro": "tampa",
      "displayName": "Tampa",
      "state": "FL",
      "rentByType": {
        "office-class-a": 34.1,
        "office-class-b": 26.6,
        "retail-storefront": 39.22,
        "restaurant-qsr": 45.01,
        "industrial-warehouse": 14.32
      },
      "nnnPSFTypical": 10,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 4,
      "tiAllowancePSFTypical": 50,
      "escalationPctTypical": 3,
      "vacancyRatePct": 17.9,
      "topSubmarkets": [
        "Westshore",
        "Downtown",
        "Water Street"
      ],
      "marketTrend": "rising",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/tampa"
    },
    "orlando": {
      "metro": "orlando",
      "displayName": "Orlando",
      "state": "FL",
      "rentByType": {
        "office-class-a": 28.6,
        "office-class-b": 22.31,
        "retail-storefront": 32.89,
        "restaurant-qsr": 37.75,
        "industrial-warehouse": 12.01
      },
      "nnnPSFTypical": 9,
      "camPSFTypical": 5,
      "freeRentMonthsTypical": 4,
      "tiAllowancePSFTypical": 45,
      "escalationPctTypical": 3,
      "vacancyRatePct": 21.8,
      "topSubmarkets": [
        "Downtown",
        "Lake Mary",
        "Maitland"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.cushmanwakefield.com/en/united-states/insights/marketbeat/orlando"
    },
    "las-vegas": {
      "metro": "las-vegas",
      "displayName": "Las Vegas",
      "state": "NV",
      "rentByType": {
        "office-class-a": 31.2,
        "office-class-b": 24.34,
        "retail-storefront": 35.88,
        "restaurant-qsr": 41.18,
        "industrial-warehouse": 13.1
      },
      "nnnPSFTypical": 11,
      "camPSFTypical": 4,
      "freeRentMonthsTypical": 4,
      "tiAllowancePSFTypical": 55,
      "escalationPctTypical": 3,
      "vacancyRatePct": 18.4,
      "topSubmarkets": [
        "Summerlin",
        "Henderson",
        "Downtown",
        "Hughes Center"
      ],
      "marketTrend": "stable",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.colliers.com/en/research/las-vegas"
    },
    "detroit": {
      "metro": "detroit",
      "displayName": "Detroit",
      "state": "MI",
      "rentByType": {
        "office-class-a": 24.8,
        "office-class-b": 19.34,
        "retail-storefront": 28.52,
        "restaurant-qsr": 32.74,
        "industrial-warehouse": 10.42
      },
      "nnnPSFTypical": 8,
      "camPSFTypical": 4,
      "freeRentMonthsTypical": 12,
      "tiAllowancePSFTypical": 50,
      "escalationPctTypical": 2.5,
      "vacancyRatePct": 26.3,
      "topSubmarkets": [
        "Downtown",
        "Troy",
        "Birmingham"
      ],
      "marketTrend": "softening",
      "lastVerifiedDate": "2026-05-02",
      "sourceCitation": "https://www.nmrk.com/insights/market-report"
    }
  }
}