Victor Whitman is chief reporter at Scotsman Guide Media.
Reach him at (800) 297-6061 or email@example.com.
Senior vice president, Real Capital Analytics
“Bottom line, with some local
exceptions, I see continued tight
vacancies in the small-cap CRE
[commercial real estate] market
and upward pressure on rents for
at least the remainder of the year.”
Principal, Box wood Means
“A lot of money was flowing [into U.S.
commercial properties] from overseas.
Everything was great, and then the
Vacancy rates have remained well below record
levels for smaller commercial properties across the
major asset classes, Box wood Means reported.
The aggregate national vacancy rate for properties
under 50,000 square feet was 4. 4 percent this past
first quarter, 1.9 percentage points below the
Source: Boxwood Means *For properties under 50,000 square feet
Small Commercial Property Vacancy Rates
Scotsman Guide News
as of Q1 2018*
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Chicago topped the list of U.S. cities for
positive net absorption of retail space in
the first quarter of 2018. Retailers absorbed
852,540 square feet of space in the Windy
City during the period, more than doubling
absorption compared with first-quarter 2017.
Chicago tops lists for
retail space absorption
Retail-Space Net Absorption, Top Cities as of Q1 2018
Source: Cushman & Wakefield