Monday, January 18, 2010

CBRE Jacksonville Releases Q4 2009 MarketView Reports



JACKSONVILLE, FL--For a complete copy of CB Richard Ellis's fourth-quarter report, please contact Brian Cornett at brian.cornett@cbre.com


Office Marketview

The fourth quarter ends with evident signs of the weakened economy but with some indicators pointing to potential market improvements.

Quick Stats Change from last

Total Vacancy 22.0%
Direct Lease Rate $18.19
Qtr Net Absorption (14.4) K
Under Construction 0 K

Industrial Marketview

The Jacksonville Industrial Market vacancy rate increased to 9.3% versus the prior quarter's 8.5%. Despite increasing vacancy, the average asking lease rate showed a slight increased to $4.64 NNN PSF versus $4.59 NNN PSF for the third quarter.


Quick Stats Change from last

Total Vacancy 9.3%
Direct Lease Rate $4.64
Qtr Net Absorption (205,682) K
Under Construction 0 K
Completions 126 K

Retail Marketview

The Jacksonville Retail Market direct vacancy rate experienced an increase of 0.1 percentage points, bringing it to 10.5% versus the prior quarter's 10.4%.

Quick Stats Change from last

Total Vacancy 10.8%
Direct Lease Rate $15.95
Qtr Net Absorption (30.5) K
Under Construction 738 K

No comments:

Post a Comment