Via the TU: Office vacancy rates showing improvement

[urbanlibertarian]

I wonder if this is true for downtown as well?

By Kevin Turner

First-quarter office and industrial vacancy rates continued a downward trend, suggesting that the Jacksonville business economy continues to improve.

The vacancy rate for office space stood at 21.9 percent for the quarter, according to real estate brokers and consultants Cushman & Wakefield. That was an improvement over the 22.5 percent vacancy in the first quarter of 2010.

Industrial vacancy dropped compared to the first quarter of 2010, from 12.5 to 11.4 percent.

[Lunican]

Well, every time they tear down a building the vacancy rate drops.

[tufsu1]

nope...the Business Journal had an article the other day about it...downtolwn northbank vacancy continues to increase

[mtraininjax]

vacancies will continue to rise as unemployment remains in double-digits.

[urbanlibertarian]

vacancies will continue to rise as unemployment remains in double-digits.

But vacancy rates are falling in the burbs.