The 2nd Half 2009 Lincoln market report was released last Thursday and shows that vacancy rates are starting to stabilize. The office market had the greatest increase in the overall vacancy which jumped to 10.4 percent from 9.3 percent at the end of Jun 2009. The retail market showed only a slight increase from 8.7 percent to 8.8 percent. And industrial actually decreased from 12.1 percent in June 2009 to 12 percent at the end of the year despite having the largest amount of available space on the market. The good news out of all of this is that Lincoln is fairing better than the national average for all sectors.
On Saturday, January 30th, the Journal Star featured an article "Report: Vacancy rates stabilizing" written by Matt Olberding in the Business section of the paper summarizing the findings from the report. Thank you to Matt for giving us some press time.
NAI FMA issues a market report twice a year to provide information on how the local commercial real estate market faired during the past six months and discusses the trends we see out in the market place. All existing office, retail and industrial buildings are included except those that are government- or university-owned and occupied.
Feel free to contact us to discuss the report further or add you to our email list to receive the report directly to your inbox.
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