Greetings, Last year was stagnant in the office sector in the Reno/Sparks market. Overall vacancy continued to maintain at between 19% and 20%, due primarily to the loss of tenants from Class C and B- space to Class A. This has been termed “flight to quality”. Absorption for the year did go into the positive [...]
Post Tagged with: "vacancy"
It’s A Commercial Tenant’s World
Greetings, I recently spoke with a colleague who owns several office buildings in downtown Reno. We were talking about the office market in general and how difficult it has been lately to find tenants for empty space. That is good for tenants and not so good for landlords. The overall office vacancy has consistently [...]
Manufacturing and Non-manufacturing Indexes – Both Up!
Greetings, According to Robert Bach, Chief Economist for Grubb & Ellis Company, the Institute for Supply Management (ISM) maintains two economic indexes. One measures manufacturing activity and the other measures non-manufacturing activity in the service sectors. The manufacturing sector index posted a 60.8 in January 2011, which is very positive, as it is the highest [...]
