Skyline Signals Healthy Leasing
by October 24, 2005 12:00 am 76 views
The third-quarter information from the Arvest Bank-commissioned Skyline Report will officially be released on Oct. 25. But here’s an advanced heads-up to Business Journal readers who check out Whispers with their Monday morning coffee:
The third quarter was the best so far as far as the “office/retail” category goes. Across Northwest Arkansas for 3Q, office/retail showed a positive absorption rate, meaning the amount of square footage that was leased was greater than the square footage that became available during the quarter.
The category showed a growing deficit for the last year with 3Q 2004 (-1,500 SF), 4Q 2004 (-7,123 SF), 1Q 2005 (-10,024 SF) and 2Q 2005 (-121,394 SF). So what was beginning to look like a glut in the market is showing signs of improvement.
Look for detailed information and absorption rates for each city in the market with the official release.