Commercial Office and Industrial Vacancy Decreases in Phoenix

The Phoenix commercial office and industrial markets each saw decreases in vacancies in the fourth quarter of 2012 according to CoStar.gilbert office condo

CoStar reported, the Phoenix Industrial market ended the fourth quarter 2012 with a vacancy rate of 12.4%,  compared to the U.S. National Industrial vacancy rate, which decreased to 8.8% from the previous quarter

Rental rates for industrial properties in the Phoenix area, ended the fourth quarter at $6.23, an increase over the previous quarter.

Costar had reported earlier in the week that the Phoenix area, Office market ended the fourth quarter 2012 with a vacancy rate of 19.4%, compared to the U.S. National Office vacancy rate, which decreased to 11.9% from the previous quarter.

Rental rates for office properties in the Phoenix area ended the fourth quarter at $19.95, an increase over the previous quarter.

 

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This information is for informational purpose and not intended to be investment advise, and should be explained to you in detail. You should always feel free to consult an attorney and/or tax adviser to obtain further information you deem necessary. I want you to be prepared

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