West Los Angeles lease rates - Special Report: Real Estate
The Kruse Way office market in Lake Oswego is hurting, and it's expected to get much worse, in tandem with most other metropolitan Portland real estate markets. Kruse Way, which attracts branch offices of large corporations and fetches lease rates that are usually as high as those in Portland's Central Business District, sets the standards for suburban office markets in the metropolitan area, Mark Fitkin of CB Richard Ellis said.
Office vacancies are dropping and lease rates are soaring as Salt Lake area businesses occupy more space, according to a new report. For the three months ended Sept. 30, the office vacancy rate in Salt Lake County -- excluding sublease space -- was 10.76 percent, down from 11.25 percent in the third quarter of 2005, according to a report released Monday by Commerce CRG.
Lease rates did not increase and office space absorption was positive: 88,000 square feet in 2009--but a definite decrease over the five year average of 913,000 square feet (all business office classes.) New office space construction totaled 768,000 square feet compared to just over a million square feet in 2008. Forecast for 2010 Positive job growth should return by third quarter of 2010, according to state economists, but the office market will lag behind due to the time it takes for companies to regain confidence, hire, execute new lease agreements and move into new space.
The following Kanawha Valley Neighbors-related news and feature items were among those published in recent editions of The Charleston Gazette, Charleston Daily Mail, Saturday Gazette-Mail and Sunday Gazette-Mail: Chief asks St. Albans council to lease police vehicles St. Albans City Council members agreed to seek proposals for updating the citys fleet of police cars at their meeting Monday, May 2. Police Chief Brent Coates asked council members to look into leasing programs. City officials gave the police department money to buy three new vehicles in the new city budget, but Coates said the city could lease 10 to 20 new cars over a three-year period for about the same price of buying the brand-new vehicles. At the end of the three years, the city could determine whether to continue und...
...Dunbar has a lot of business to take care of, the mayor said, and annexation is...
Fewer empty office buildings, more retail centers and increasing lease rates are in the forecast for the state's real estate market in 2005, according to professionals at Thursday's Utah Commercial Real Estate Symposium. Office vacancies in Salt Lake County, excluding sublease space, fell for the third consecutive year in 2004 to 15.25 percent, down from 16.69 percent a year earlier, according to Salt Lake-based Commerce CRG.
... with their demise, especially commercial rates and service charge. While commercial rates are som...
Braxton Technologies is moving its headquarters into the former Chase bank building at the corner of Tejon Street and Pikes Peak Avenue, downtown's most prominent intersection. Braxton's owner, The O'Neil Group, is buying the building at 6 N. Tejon St. and plans to move the defense software company and its 80 employees from their location at 770 Wooten Road in October, when renovations to the Chase building are complete.
...Lease rates go up,' he said. "That's our goal -- to crea...
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