Vacancy rate dips slightly.
The vacancy rate in the central Arkansas industrial real estate market was 11.2 percent in fourth-quarter 2012, little changed from the 11.3 percent in the third quarter of 2012 but much improved from the 13.9 percent of fourth-quarter 2011. A report from the Central Arkansas Commercial Data Exchange shows that four of the five past quarters have experienced a positive net absorption. The net absorption for 2012 is more than 1.2 million SF, which left 5 million SF vacant as of year-end 2012.
THEY SAID IT
"Nationally, industrial vacancy rates are estimated to have declined from 10.1 percent in the fourth quarter of 2012 to 9.5 percent in the fourth quarter of 2013. The industrial occupancy rate for buildings in metropolitan Arkansas is improving, but still lags behind that of the nation."
Vacancy Rate by Quarter 2011 Q4 13.9% 2012 Q1 12.3% 2012 Q2 11.1% 2012 Q3 11.3% 2012 Q4 11.2% Source: Central Arkansas Commerclal Data Exchange Note: Table made from bar graph.
--Rick Freeling, senior vice president, Rector Phillips Morse
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|Title Annotation:||Industrial Space|
|Article Type:||Brief article|
|Date:||Feb 11, 2013|
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