Archive for November, 2009

« Older Entries

Weekly Market Insights

Monday, November 30th, 2009
11-30-09Industrial Vacancy vs. Warehouse Rent*

November 30, 2009
The drivers of demand for industrial space are beginning to firm: global trade, freight transportation, manufacturing activity and retail sales all seem to have hit bottom and either leveled out or posted slight gains recently. But the pending recovery is not yet strong enough to reverse the slide in occupier demand for industrial space. Expect the leasing market to soften further in 2010 with the vacancy rate hitting a peak of 11.4 percent by year end, a percentage point above its 2009-Q3 reading. The asking rental rate for warehouse/distribution space is projected to fall another 5 percent in 2010. In 2011, the vacancy rate should begin a slow descent while rent may slide another 2 percent due to the lingering excess of available space. The signs of improvement are there, but the recovery will be slow.
Source: Grubb & Ellis

Posted in Weekly Market Insights | Comments Closed

Commercial Real Estate for Lease or Sale – Bozeman, Big Sky & Livingston, Montana

Monday, November 23rd, 2009
Please Contact:
Cam Holt 406.209.0127 or Ryan Springer 406.579.5586
Grubb & Ellis | Montana Commercial, LLC
Please Click on Picture below for All Listings of
Office – Retail – Land – Multi-Family – Industrial – Hospitality – Investment
 
Office - Retail - Land - Multi-Family - Industrial - Hospitality - Investment for Lease or Sale - Bozeman, Big Sky & Livingston, Montana
 
 
 

Posted in PDF Flyers | Comments Closed

Weekly Market Insights

Monday, November 23rd, 2009

11-23-09

Cost of Thanksgiving Dinner Ingredients for 10

November 23, 2009

 

 
Holiday shoppers keeping an eye on their food budgets will be pleased to know that the cost of the ingredients for a Thanksgiving dinner for 10 declined by 3.8 percent this year to $42.91 according to the American Farm Bureau Federation. Black Friday shoppers will find even bigger markdowns in the world of commercial real estate. Renting a square foot of office space for a year will cost $26.57, a discount of 3.9 percent from the third quarter of last year, while landlords have marked down a square foot of industrial space by 6.8 percent to $5.35. Those are the asking rents, equivalent to the sticker price on a new car. Shoppers willing to haggle should be able to secure bigger markdowns. So far this year, effective rents for office and industrial space, which include periods of free rent and above-standard tenant improvement allowances, have fallen by 12.2 and 6.8 percent, respectively, from the same period in 2008. Want to build your own building? The Bureau of Labor Statistics reports that non-residential construction costs have declined by 5.9 percent from a year ago, with steep discounts for land also available. The most impressive bargains are in the big-ticket category of building acquisitions where sales prices have declined by 37 percent from a year ago as reported by the Moody’s / Real Commercial Property Price Index. These statistics are averages. There are considerable variations by product type and by geography.
Source: American Farm Bureau Federation

Bob Bach is our Senior Vice President, Chief Economist

  • You are currently browsing the Grubb & Ellis Montana Commercial, LLC blog archives for November, 2009.

  • Pages

  • Archives

  • Categories