Jul
27

Industrial Vacancy Rate Continues Rise in Greenville-Spartanburg

By
– GSA Business

Vacancy rates for industrial real estate in the Greenville-Spartanburg market continue to rise rapidly and likely will top 13% by the end of this year, Grubb & EllisThe Furman Co. predicts in their second-quarter report.

The forecast also states:

— It’s a great time to lock in long-term leases, but tenants are likely to remain more interested in short-term deals due to market conditions.

— Continuing uncertain credit markets will make property owners wary of making costly improvements for tenants.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/news/28735-industrial-vacancy-rate-continues-rise-in-greenville-spartanburg
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