"Vacancy rates are flattening as office leasing activity has been high. New construction and additional available office space due to changes experienced within the mortgage industry have provided an ample supply of product which will likely prevent vacancy rates from dropping lower. An emerging trend reveals that years ago rent levels had almost nothing to do with location. Now, fragmentation has occurred which has some submarkets commanding a premium of as much as $4 to $5 per square foot."
Recently, CB Richard Ellis’ decision to “go green” was motivated by its goal to be an industry leader in all respects. Serving clients who represent billions of square feet of property provides CBRE an opportunity to make a difference worldwide.
Making a difference locally, the sale of the Biosphere 2 campus plus its acreage and subsequent lease to the
You'll find more industry headlines below and, as always our team is available for discussion. Please don’t forget to review our featured properties as well as the Mid-Year 2007 local market reports for Retail, Industrial and Office.
Good luck to you during this final quarter of 2007!