The results are in: 1st Q 2010
After a very lackluster 2009, nearly everyone in the real estate industry was anxiously looking forward to 2010. Now standing at the first quarter pole, some things are beginning to take focus. But many others remain cloudy. In the office market, continued struggles in the finance & banking segment have caused the CBD and suburban submarkets to remain soft. However, the vacancy rate was stable and net absorption was positive for the first time in over a year. After enduring difficulties in 2009 across the manufacturing segment, the industrial market showed a similar trend, with stable vacancy and improving net absorption. And the retail market was relatively unchanged, which was actually good news considering its steady slide over the past 24 months. To see the complete NAI Daus 1st Quarter 2010 market report, click here.