Cassidy Turley's research shows that national
industrial vacancies dropped from 10 percent in 2010 to 8 percent in the third quarter of 2014.
Not exact matches
Yet even with the new construction, Baltimore's
industrial vacancy rate is falling,
dropping to about 9.6 percent in the third quarter from 13 percent three years earlier, according to a report issued Friday by Cassidy Turley.
Even as
vacancies drop, higher energy costs and shifting logistics models may be changing the dynamics of
industrial storage.
In the Sarasota - Bradenton MSA to the south, retail
vacancy has
dropped from 17 percent to 10 percent the last two years, says Tom Richardson, president for Sarasota - based Commercial and
Industrial Properties Inc..
Nineteen markets recorded positive absorption, with 14 also seeing
drops in
vacancy, indicating a national trend for
industrial space surpassing supply, the researchers noted.
; •
Vacancy rates are expected to
drop in a range of between 1.2 and 3.7 percentage points for office, retail, and
industrial properties and remain stable at low levels for apartments; while hotel occupancy rates will likely rise; • Rents are expected to increase for all property types, with 2012 increases ranging from 0.8 percent for retail up to 5.0 percent for apartments.
Further, the
vacancy rate in the
industrial space is predicted to
drop 1.3 percentage points to 7.1 percent, while retail space availability will likely
drop slightly by 0.7 percentage points to 11.2 percent.