A recent graph in National Real Estate Investor May 2012 caught my eye …
11th July, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
it showed national office vacancy rates along with asking and effective rental rates averaged for the U.S., and while this chart by REIS pointed to the “positive” trend of vacancy rates falling to 17.2 percent and effective rental rates increasing to $22.66/sf, the chart also showed that asking rents are $28/sf, which is a 20 percent spread between asking and effective … lots of room for negotiation and concessions …
Tags: 2012, asking rents, Bay Area, California, Class A, Colliers, commercial, commercial property, Commercial Real Estate, East Bay, economy, effective rental rates averaged for the U.S., effective rental rates increasing, investment, jeff.weil@colliers.com, Jeffrey Weil, market, national office vacancy rates, National Real Estate Investor, National Real Estate Investor May 2012, negotiation and concessions, Northern California, Oakland, office, office market, office space, properties, real estate, recession, recovery, Reis, REIS chart, San Francisco, San Ramon, trend of vacancy rates, vacancies, vacancy rates falling, Walnut Creek
Posted on: July 11, 2012
Filed under: Commercial Properties, Office Leasing, Real Estate Investment
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