This site uses web cookies · Read our Policy here
International: (+34) 952 198 657
Open navigation menu

US Vacancy Rates ''Flat or Declining''

First name: 


Last name: 


Tel. Number: 

IPIN Disclaimer.

  We never share your data with any third parties.

*Note: IPIN investment opportunities are available subject
to location and certain knowledge / experience criteria.

News by Category


United States  Seattle  Industrial Property Investment  Jones Lang LaSalle  CB Richard Ellis  Retail Sector  CBRE  Miami  Birmingham  Austin  Denver  Houston  Indianapolis  Edison  Kansas City  Fort Worth  energy industry  Jon Southard 

US Vacancy Rates ''Flat or Declining''

By - Monday 16 April 2012

The vacancy rates across all classes of US properties either remained stable or fell slightly during the first quarter of 2012. New research published by CB Richard Ellis (CBRE) revealed take up of industrial space increased during the three months from January to March, with the availability rate falling to 13.4 per cent nationwide. The organisation noted economic growth is driving the demand for industrial premises, with vacancy rates in Seattle recording the biggest drop of 100 basis points (bps). Edison and Fort Worth were not far behind, both posting declines of 80 bps.

In the retail sector, occupancy levels were flat or increased slightly, with CBRE highlighting Birmingham, Austin, Miami, Kansas City and Indianapolis as the stand-out performers in the first quarter of the year, with each of these markets seeing take up rise by at least 50 bps, compared to the previous three-month period. Meanwhile, the office sector has the highest vacancy rate - at 16 per cent - although managing director of CBRE Econometric Advisors Jon Southard is confident the situation will improve as the year progresses. "The job market will need to approach its pre-recession form before more rapid improvement in the office market can take hold. We continue to anticipate more robust hiring during the second half of 2012, which will move us closer to that goal," he asserted.

Earlier this month, Jones Lang LaSalle warned the recovery in US office markets slowed in the first three months of this year, pointing out just under 1 million sq ft of space was absorbed in this period - well below the average of 8.6 million sq ft recorded over the previous six quarters. The firm also predicted markets where there is a strong presence of technology companies or a growing energy sector will perform the best over the course of this year, highlighting locations such as Houston and Denver, both of which are benefiting from expansion within the energy industry.

Subscribe to IPIN Live by Email - Get our News & Blog updates delivered directly to your inbox - click here



*This page is provided for information purposes only and should not be construed as offering advice. IPIN is not licensed to give financial advice and all information provided by IPIN regarding real estate should never be treated as specific advice or regulations. This is standard practice with property investment companies as the purchase of property as an investment is not regulated by the UK or other Financial Services Authorities.

«« Back to IPIN Live

Follow IPIN Global

Latest Content

Recent Comments

Powered by Disqus