Westbrook Partners and TIER REIT recently sold 1325 and 1341 G St. (the Colorado Building), two Class A office buildings in Washington, D.C.'s East
End submarket, to UNIZO Holdings Co. for $ 259 million.
That delivery pattern should make for a competitive leasing environment for upscale units during late 2014 and early 2015, especially in the urban core Uptown / South
End submarket that is getting so much of the new supply.
In Nashville, Lubert - Adler and Amerimar Enterprises acquired a 170,000 SF Class C office building located in the city's West
End submarket in 2007.
Not exact matches
The midtown
submarket, which includes South
End, and uptown in particular have significant new supply coming online.
Net rents for Class - B space in that
submarket have been flat, with average net rents dropping slightly from $ 12.12 at year -
end to $ 12.04 at mid-year.
Taking the top spot on our list of The Nation's 10 Busiest
Submarkets for Construction is Uptown / South
End in the Charlotte metro.
The high -
end apartment market took off in the Cumberland / Galleria
submarket thanks in large part to The Battery at SunTrust Park, the new Atlanta Braves stadium and mixed - use development where more than 500 apartments by Pollack Shores have been built and are now leasing.
Looking at a particular
submarket, Census data from the
end of 2012 suggests that the market share of townhouses (single - family attached) continues to rise back after the Great Recession, with the current market share standing at around 12 %.
Notable Boston commercial real estate neighborhoods include the Back Bay, North
End Boston, and South Boston office space
submarkets.
It's caused some concession in a few
submarkets like Downtown, West
End, Charlotte Pike and Germantown, to name a few... It's definitely harder to sell assets when rents are going the wrong direction, but that's only in a few
submarkets around town that have been overbuilt.
Rental rates in the Mayfair
submarket in London's West
End reached $ 265.31 per square foot per annum in 2007, says NAI Global's 2008 Global Market Report.