Industry News




 

10/09/2013

Office Space Vacancy Falls Throughout Much of U.S.

 
Office space vacancy rate falls.

While vacant office spaces continue to fill up at a slow pace, limited new construction could be the real driving force behind the decreased vacancy rate, according to real estate services provider Cassidy Turley.

"It's still a tenant's market in most U.S. cities, meaning businesses still have leverage when negotiating for lower rents and attractive concession packages," Mr. Thorpe said. "But because of limited new supply, the pendulum is slowly shifting from a tenant's market to a landlord's market. Supply/demand fundamentals suggest the bulk of the country will be pushing office rents upward by this time next year."

There was 55.3 thousand square feet of office property under construction during the third quarter of this year, up from 54.5 thousand square feet in the previous quarter. Development of new office buildings is 30% below pre-recession levels.

Top 5 strongest markets in terms of demand for office space are:

  • Houston, with 1.7 thousand square feet of net absorption
  • New York City, with 1.3 thousand square feet
  • Phoenix, with 822,000 square feet
  • Atlanta, with 740,000 square feet
  • Denver, with 668,000 square feet

To read the full report visit Cassidy Turley’s website.

 


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Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

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Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
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Visit our website today to learn about the design flexibility of a Morton building and the endless possibilities of partnering with our designBUILD team.


Wood construction is both cost and energy efficient. Check out Morton Buildings and our designBUILD team online today to discover all the benefits of post-frame construction.


When choosing a metal-clad building for your next construction project, consider Morton Buildings, Inc., and their designBUILD team, we’ll make your dream a reality.

We Can Help You Reduce Energy by 30%

Our mission is to help our customers manage their buildings' energy costs, improve reliability, and enhance performance while having a positive impact on the environment.
CLICK HERE to find out how.

Add highly responsive multi-zone comfort to any building project, in any climate. Our CITY MULTI H2i R2- and Y-Series VRF systems give you flexibility to fit the needs of any building. Enjoy 100% heating capacity at 0°F outdoor ambient, and 85% heating capacity at -13°F outdoor ambient.  For more information, log on to www.mitsubishipro.com

 
11/21/2014

Framework allows users a better look at roofing's environmental impact.

11/20/2014

Study finds paper towel dispensers carry far fewer germs.

11/19/2014

Tool will help manage information during power outages.

11/18/2014

Requirements include energy, IEQ, and sustainability updates.

11/17/2014

Group of 17 properties earn energy efficiency designation.

11/14/2014

Water conservation efforts see results.

11/13/2014

Study shows sustainable investments weather the winter.

11/12/2014

Standard focuses on occupant health.

11/11/2014

EPA says cleanup will cost hundreds of thousands of dollars.

11/10/2014

Methane will be used as a fuel source.

11/07/2014

ASTM to target roofing material diversion rates. 

11/06/2014

ORNL scientists look to the future of renewable energy integration.

11/05/2014

Lawsuits unlikely to convince polluters to change opposition to legislative reform. 

11/04/2014

Green building investment jumps in 2013. 

11/03/2014

Study shows difference between reported and measured occupant behavior

10/31/2014

Report shows energy modeling as key to improving building performance

10/30/2014

Report shows healthy features and practices yield results.

10/29/2014

USGBC announces two more years to prepare for LEED v4.

10/28/2014

Current projects could replace up to 8% of the Army’s energy use.

10/27/2014

Report shows increased occupant engagement in offices with green features.

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