May
06

Colliers: Columbia Industrial Vacancy at 8.1%

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The Columbia-area industrial real estate market tightened in the first quarter as total vacancy rate fell to 8.08%, Colliers International reported.

And it appears there’ll be further tightening during the remainder of the year, the commercial real estate firm said in its first-quarter market study.

“Both lease and purchase transactions are on the rise and are expected to continue through 2013 with decreased vacancy rates, positive absorption and stabilizing rents,” the report said.

Colliers expects more investment in industrial buildings in the upcoming months as buyers take advantage of low interest rates.

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