Positive Vibe Permeates NWA Real Estate Market

by Paul Gatling  on Monday, Jun. 25, 2012 12:00 am  

The report showed 77,630 SF became occupied in the market, with a net positive absorption of 57,325 SF.

Ball noted an increase in several CRE sectors, but he predicted a particularly stronger demand for office space as the year continues, spurred by renewed growth in the vendor community through expansion of existing vendors and new vendors entering the market.

"We're seeing a lot of leasing activity and additional reports will be out very soon to reflect that," he said. "The vacancy rate marketwide in multifamily should be less than 5 percent, which is very healthy. The slack is coming out of the market."
The next Skyline Report is due out in October.

More: Colliers International is seeing a big pickup in the commercial real estate market.)



Please read our comments policy before commenting.