The occupancy rate in the Pulaski County industrial market continues to hover around 90 percent. During the first quarter this year, occupancy stood at 89.3 percent among 45.4 million SF tracked by Central Arkansas Commercial Data Exchange.
The vacancy rate for industrial properties in central Arkansas fell in the third quarter, dropping to 11 percent compared with 11.1 percent in second-quarter 2013 and 11.8 percent in third-quarter 2012.
The vacancy rate for industrial real estate in the central Arkansas market moved up in the first quarter of 2013 compared with fourth-quarter 2012, to 11.8 percent from 11.3 percent. The first-quarter 2013 rate, however, remains below the 12.4 percent reported in first-quarter 2012.
Occupancy for industrial space in the Pulaski County market this spring improved slightly to 84.3 percent, according to CACDE, compared to 83.7 percent a year ago. The group’s survey encompassed 870 properties with more than 45.2 million SF.