The Commercial Division of the National Association of Realtors released a report titled “Commercial Real Estate Remains Soft but Favors Business Expansion” on Friday. They cited vacancy rates leveling off in some sectors, but rent discounts and moderate levels of landlord concessions in most every market.
The Society of Industrial and Office Realtors, in its SIOR Index, agreed that vacancy rates are “beginning to level” but that rents remain depressed and sublease inventory is high. Their index improved 2.8 points to 41.0 at the end of the 2nd Quarter, it’s third consecutive quarterly improvement. However, with market equilibrium equal to a 100 on the index, we have a long way to go.
You can read the full article at http://www.realtor.org/press_room/news_releases/2010/08/commercial_soft
