Sentences with phrase «ft. of absorption»

During through the tech boom in the 1990s, there was only one year — 1999 — when the city experienced 4.0 million sq. ft. of absorption.

The absorption rate for industrial properties dropped to about 500,000 sq. ft. in 2001 from 17 million sq. ft. of absorption in 2000.

Pete Culliney, director of research at Colliers, says office markets that cater to the FIRE sectors hit nearly 7 million sq. ft. of absorption in the third quarter, almost matching the 8 million sq. ft. of absorption in markets that primarily service the intellectual capital, energy and education sectors.

Not exact matches

The net amount of space leased during the second quarter was 1.5 million sq. ft., which brings net absorption for the year to 3.1 million sq. ft. «That was clearly more than we anticipated for the entire year,» adds Barrett.

Net absorption during the first quarter was negative 34,000 sq. ft. compared with positive absorption of 5 million sq. ft. during the same period last year.

Total office vacancy in East Plano averaged 18.9 percent in the fourth quarter of 2016, according to real estate services firm CBRE, and year - to - date net space absorption in the city was 1.78 million sq. ft.. That breaks down to 1.2 million sq. ft. for class - A space and 483,000 sq. ft. for class - B space for the year.

Between 2000 and 2003, the market had 12 quarters of negative absorption of some 9 million sq. ft.

However, there is still negative net absorption year - to - date of 201, 710 sq. ft. Twelve - month rent growth has been just 0.7 percent.

The Inland Empire market absorbed some 5.5 million sq. ft. of space during the first quarter, which accounted for 18 % of the total industrial absorption that occurred nationally, according to Grubb & Ellis.

The lion's share of this year's absorption occurred in the bulk sector, with about 1.35 million sq. ft. absorbed.

In the second quarter, Boston - based Torto Wheaton Research reported a net gain in absorption nationally of 7.7 million sq. ft., the first positive absorption since fourth - quarter 2000.

During the third quarter, office demand registered 22.6 million sq. ft. down 16 % from the 26.8 million sq. ft. of net absorption posted in the second quarter.

Damage caused by low oil prices has certainly been felt in the state's Northern market, but even that market has shown resilience, with second - quarter 2016 vacancy rates at 4.8 percent and 114,000 sq. ft. of positive absorption in the first half of the year.

In Oklahoma, Tulsa is showing more favorable property fundamentals, with vacancy of 13.1 percent and net absorption up about 148,000 sq. ft. in the first quarter.

Total office vacancy for Washington D.C. stands at 12.5 percent, according to JLL, and year - to - date net absorption is at negative 218,756 sq. ft. Overall vacancy decreased eight basis points in the first quarter, however, because 390,286 sq. ft. of existing office space was demolished.

Net absorption for the quarter totaled 308,772 sq. ft., while 3.6 million sq. ft. of new space is under construction.

«But demand is expected to fall off a cliff in the fourth quarter [due to] the slowing economy most notably,» reports PPR, which is calling for a paltry 15.2 million sq. ft. of office absorption this quarter.

Year - to - date, Houston's office sector experienced 1.7 million sq. ft. of positive absorption, according to Little.

Continued steady job gains have led to positive performance in the office sector, even though total absorption was 28 million sq. ft. in the first two quarters of the year, down from 38 million sq. ft. during the same period last year, according to Marcus & Millichap data.

Nationally, net office absorption swung to a negative 19.2 million sq. ft. in the third quarter of 2008 from a positive 16.2 million sq. ft. a year earlier, according to real estate research firm Reis.

Buoyed by continued job growth, with 2.2 million jobs added in 2016 and another 2 million predicted this year, the report forecasts net absorption of 83 million sq. ft. nationally in 2017, with another 20 basis point decline in U.S. vacancy to 14.3 percent, marking the low point of the current cycle.

In fact, Orange County experienced negative absorption of about 1.4 million sq. ft. for the year through the end of the third quarter, and office vacancy shot up more than 300 basis points to 11.5 %, according to Grubb & Ellis.

Fueled by growth in the eastern part of the Inland Empire, the Los Angeles market recorded 8.6 million sq. ft. in absorption in the second quarter of 2011, the most since 2006.

For 2008, net absorption of retail space was a negative 9.2 million sq. ft., including negative 4.1 million sq. ft. in the fourth quarter.

The industrial sector has lagged in this recovery, but fundamentals are rapidly improving with five consecutive quarters of positive net absorption (a total of 131 million sq. ft.).

According to a study by commercial real estate services firm Colliers released earlier this week, even though there was 61 million sq. ft. of big - box industrial space delivered nationally in 2015, the year ended with occupancy at about 93.0 percent, with net absorption making up for almost all the new space.

Net absorption in the office sector was 16.3 million sq. ft. for the first quarter, and forecasts suggest 65.2 million sq. ft. will be absorbed this year, an increase of 5.5 % from the year before.

It is also among the strongest three - year periods on record, with net absorption for the past three years, 825.5 million sq. ft., surpassing the strongest prior period of occupancy growth, 726.8 million sq. ft. from 1997 to 1999.

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.

Cushman & Wakefield reported that U.S. industrial markets absorbed 63.6 million sq. ft. of space in the final quarter of 2016, which propelled net absorption for the year to a record - setting 282.9 million sq. ft.. As of January 2017, the industrial sector has registered 27 consecutive quarters of net occupancy gains.

After Atlanta posted negative absorption of 1.8 million sq. ft. in 2009, according to Colliers International, and with a record amount of available office space in the market, the recovery is expected by many to be slow but steady.

The market, with only 48 million sq. ft. of space, posted absorption of 1.5 million sq. ft. this year, the highest amount of leasing in the city in nine years, according to JLL.