U.S. OFFICE AND INDUSTRIAL VACANCY RATES DECLINE FOR FIRST TIME IN THREE YEARS

Boston, MA – October 11, 2010 – For the first time in three years, the national vacancy and availability rates in the U.S. office and industrial markets have declined, according to the latest analysis from CBRE Econometric Advisors (CBRE-EA). In the third quarter (3Q) of 2010 the national office vacancy rate fell by 10 basis points (bps) to16.6%, the first drop since the office market correction began in the second half of 2007. The national industrial availability1 rate also recorded its first decline in three years, decreasing 10bps to 14.0% in 3Q 2010


More info...

SHARE
Avatar

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Contact:

Nadja Brandt
Corporate Communications, Pacific Southwest

+1 213 6133627

Previous articleNAR’s HouseLogic Launches Campaign to Help Military Families Sustain Homeownership
Next articleNEW FEDERAL REPORT SHOWS NEGLECT OF INFRASTRUCTURE IS HURTING CONSTRUCTION FIRMS & COSTING JOBS, CONSTRUCTION OFFICIAL SAYS