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Not too surprising, but still good news to see.
During the second quarter of 2013, the vacancy ratehttp://images.intellitxt.com/ast/adTypes/icon1.png in Detroit’s central business district dropped to 27.1 percent with 52,000 square feet of newly occupied space, according to Newmark Grubb Knight Frank, NKGF.
From The Detroit News:
http://www.detroitnews.com/article/2...#ixzz2aAhYPsst
A good sign, and hopefully it will continue to improve...because we still have a way to go. Just to give some context:
2013 Downtown Chicago = 14.9%
http://www.chicagorealestatedaily.co...loses-momentum
2013 Downtown Cleveland = 20.0%
http://www.costar.com/News/Article/M...Q1-2013/147497
This doesn't really matter in the grand scheme, but are there statistics on how many firms are responsible for that occupancy? In other words, what % of the occupancy is attributed to Gilbertville compared to others?Quote:
Originally Posted by Spartan
What is the office vacancy rate in beautiful downtown Tyson's Corners?
Definitely on the right track, and definitely have quite a way to go. But its nice to see and nice that the office stock is being upgraded as well. I'm especially glad to hear that my old place of employment - the First National Building - is well occupied.
When you consider all of the new space that has come on line in places like PWC, Compuware, Blue Cross expansion, etc; and all of the old space that is transitioning to residential/hotel like the Whitney the numbers are even more remarkable.