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Market Report: Palm Beach Reliant On Local Area Business Owners

January 30, 2013/in News/by SFOBA STAFF

Palm Beach’s office sector continued to feel the pains of a slow-growing economy as overall vacant space still hovered near 22.0 percent. CLICK ON THE HEADLINE FOR MORE

Market Report: Broward’s Office & Industrial Vacancy Rates Drop

January 23, 2013/in News/by SFOBA STAFF

Broward County’s office market continued to hold the lowest vacancy rate in South Florida. CLICK ON THE HEADLINE FOR MORE

Market Report: Palm Beach Reliant On Local Area Business Owners

January 30, 2013/in News/by SFOBA STAFF

Palm Beach’s office sector continued to feel the pains of a slow-growing economy as overall vacant space still hovered near 22.0 percent. CLICK ON THE HEADLINE FOR MORE

Market Report: Broward’s Office & Industrial Vacancy Rates Drop

January 23, 2013/in News/by SFOBA STAFF

Broward County’s office market continued to hold the lowest vacancy rate in South Florida. CLICK ON THE HEADLINE FOR MORE

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Market Report: Palm Beach Reliant On Local Area Business Owners

January 30, 2013/in News/by SFOBA STAFF

By Eric Messer, Research Services Manager, Newmark Grubb Knight Frank

Palm Beach’s office sector continued to feel the pains of a slow-growing economy as overall vacant space still hovered near 22.0 percent.

This was still 280 basis points below the peak of 24.8 percent recorded in the third quarter of 2010.

The industrial market experienced healthier conditions as vacancy rates fell to the eight percent mark at the close of fourth quarter of 2012. This was a 440 basis point decrease from the 12.4% peak posted three years earlier at the close of 2009.

Both property segments are more dependent on small businesses run by local area owners. This coupled with the strong ties to the residential sector has stifled stronger momentum that other markets have seen.

The majority of deals being seen continued to come from tenants in the market as companies take advantage of space opportunities. This trend will continue throughout 2013 as landlords hold asking rates steady.

Click on the links below for the full report.

4Q12 Palm Beach Office Market Report

4Q12 Palm Beach Industrial Market Report

Market Report: Broward’s Office & Industrial Vacancy Rates Drop

January 23, 2013/in News/by SFOBA STAFF

By Eric Messer, Research Services Manager, Newmark Grubb Knight Frank

Broward County’s commercial markets chugged along in 2012 as modest positive absorption pushed vacancy rates lower for both sectors.

Broward County’s office market continued to hold the lowest vacancy rate while industrial posted the highest in South Florida, albeit just 70 basis points above Palm Beach’s 8.0% industrial vacancy.

Landlords have held asking rents steady as direct weighted averages experienced slight decreases during 2012. The push downward can be attributed to lower-end space remaining on the market as higher-end office space is being leased and the trend of businesses “flight to quality” continued. Similar conditions are projected for 2013 with momentum building toward at end of year and into the first half of 2014.

Click on the links below for the full report.

4Q12 Broward Office Market Report

4Q12 Broward Industrial Market Report

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Market Report: Palm Beach Reliant On Local Area Business Owners

Market Report: Broward’s Office & Industrial Vacancy Rates Drop

Market Report: Palm Beach Reliant On Local Area Business Owners

Market Report: Broward’s Office & Industrial Vacancy Rates Drop

Full Sized Blog Element (Big Preview Pic)

Market Report: Palm Beach Reliant On Local Area Business Owners

Market Report: Broward’s Office & Industrial Vacancy Rates Drop

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