Q4 2011 Market Reports

4th Quarter 2011 - Industrial

Gaining Traction

the recovery in the regional industrial markets gained traction during the third and fourth quarters of 2011.  absorption was still not at a level to significantly reduce vacancy, but the majority of the market areas had gains in occupancy.

4th Quarter 2011 - Office

Stable or Stalled?

the regional office markets did not register any measurable improvement during the third and fourth quarters of 2011. the perception is that market fundamentals are less fragile than in the previous two years, but this has yet to be reflected in occupancy trends.  overall, companies are still attempting to minimize the need for additional space when making lease decisions.

4th Quarter 2011 - Retail

A Choppy Recovery
 
the regional retail vacancy rate increased during the second half of 2011 to 7.9 percent, as the growth pattern experienced during 2010 receded. consumer spending was impacted by renewed economic uncertainty and retailers struggled to increase profit margins. the continuing economic slump has only widened the divide between upper tier and lower tier centers. the overall vacancy rate for neighborhood centers was 11.9 percent, but the vacancy rate for centers built after 2001 was 9.5 percent.