Activity High, But Large Spaces Become Vacant.
Coldwell Banker Commercial M.M. Parrish Realtors has issued its year-end 2012 leasing report.
“Anyone in commercial real estate will tell you activity is high, showings are up, sales and leasing are up, inventories are dropping, and life is slowly getting better,” says Coldwell Banker Commercial President Beau Beery.
The good news is that additional 30,174 SF of office space has been positively absorbed in our market, Beery says. The bad news is that 117,982 SF of retail space has been added to the market.
“This is deceiving, however, because 125,000 square feet was due to the addition of the Walmart on NW 13th Street and the Food Lion in Alachua,” he says. “Had it not been for those two, we would’ve had another positive absorption period for retail.”
For the full report, click here.