Cushman & Wakefield’s July 2019 Compass Report indicates good market news as absorption is meeting expectations and vacancies continue to tighten in our competitive commercial real estate market. Click here to read the latest issue of our award-winning report for highlights of the first half of 2019 and our projection for the second half of the year.
Among other highlights…
A total of 2 million square feet (msf) was absorbed by occupiers throughout the office, industrial and retail property types in the first half of 2019, and construction activity remains high even as costs are rising.
At the mid point of 2019, the market’s multitenant properties posted a vacancy rate of 10.8 percent, up slightly from the 10.9 percent rate posted six months prior.
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