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Retail is leading the way in commercial market

The commercial real estate market continues to improve each month, and retail is leading the way. We have seen nine consecutive quarters of vacancy decline. Retail vacancy is currently 8.4 percent, the lowest since 2007. Unanchored vacancy has declined even more sharply, from more than 25 percent in 2009 to 17.9 percent today. Retail absorption is 682,000 square feet year-to-date, and is projected to end the year at the highest level since 2007. Read the rest of entry »

Commercial Real Estate Review for October

Total office vacancy declined from 12.6% to 12.5%, while multi-tenant vacancy increased slightly from 17.8% to 17.9% in September. This marks 7 consecutive quarters of decline for total vacancy. Read the rest of entry »