Central Arkansas Industrial Vacancy Rate Stable

by Arkansas Business Staff  on Monday, Aug. 18, 2014 12:00 am  

The vacancy rate for industrial real estate in central Arkansas remained relatively stable through the second quarter of 2014, ticking up just slightly to 10.8 percent compared with 10.6 percent in first-quarter 2014. That’s above the national average of 9 percent but far below central Arkansas’ 12.2 percent vacancy rate of second-quarter 2013.

Although the second quarter experienced negative absorption of 67,237 SF, the first half of the year has seen positive absorption totaling 124,500 SF, noted J. Fletcher Hanson III of Newmark Grubb Arkansas.

“Provided projected construction and deliveries remain low," said Hanson, "the central Arkansas economy and industrial market should continue to trend positively over the next few quarters as vacancy rates improve and lease rates remain steady to rising.”

 

 

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