Search
 

Report Details Positive Outlook for County Office Market

PALM BEACH COUNTY, FL-Average asking rates should rise this year in the county, following increased leasing, positive absorption, positive economic indicators and falling vacancy rates, a newly released report by CB Richard Ellis states.

By Melissa Bogdany | Updated on March 08, 2004

PALM BEACH COUNTY, FL-Favorable market conditions that tenants have been experiencing in the county are likely to change as average asking rates are expected to increase this year, according to CB Richard Ellis’ 2004 office market outlook for the county.

Typically, average asking rates lag changes in the economy by three to six months, the report states. And thus, recent positive economic indicators, increased leasing activity, positive absorption and dropping vacancy rates likely will mean higher asking rates to come, the report adds.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.