The deal, with an estimated annual yield of about 6.4 percent, reflects the surprising strength of the investment market for suburban office properties,
despite rising vacancy rates.
Not exact matches
This is
despite the fact that overall
vacancies within the sector
rose by just 1.8 % during...
Graduates without work experience stand little chance of securing a job this year
despite a
rise in
vacancies, research suggests.
Mike Hill, chief executive of the Higher Education Careers Service Unit, warned that the fight for graduate jobs would remain fierce,
despite the
rise in
vacancies.
Despite high
vacancy rates in a large part of the country, both asking and effective rents are
rising.
But the report says that
despite the increase in
vacancy rates, rents
rose in 2004, with the highest increases for two bedroom apartments at 2.3 per cent.
However, with the delivery of three new office buildings totaling 1.6 million sq. ft. of vacant space in the first quarter — Phipps Tower and 3630 Peachtree in Buckhead, and 1075 Peachtree in Midtown — overall
vacancy rates continued to
rise despite the positive absorption numbers.