The Upstate’s Retail Market Experienced Little Change
The Upstate’s retail market did not experience much change in market conditions in the first quarter of 2017. The vacancy rate held at 4.9% from last quarter to the current quarter. Net absorption was down 5,697 square feet, and vacant sublease space increased by 6,506 square feet. Rental rates increased from fourth quarter 2016 levels, ending at $10.51 per square foot per year. Four retail buildings with 54,160 square feet of retail space were supplied to the market in this quarter, with 184,483 still under construction.
Author:Arthur Hampton Phone: 864-838-5712 Dated: April 10th 2017 Views: 621 About Arthur: ...
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TODAY'S Q & A IS WITH TERESA JONES, A REALTOR® SPECIALIZING IN LUXURY
""Being out of state for the entire process of this sale, I was worried how difficult it was going to be to sell my property. After it was all over with, I can honestly say that Brad went way above and beyond the call of duty and made the whole thing feel almost effortless. Any issues that did come up, Brad took control and handled them so I didn't have to lift a finger. I rate his professionalism and work ethic a 10/10"."