ST. PETERSBURG-The overall vacancy rate in Pinellas County stood at 23.2% for Q2 2010, a rise of 0.2% from Q1 2010 and an increase of 0.5% when compared to that of Q2 2009.
Due to the high vacancy in the market, the asking rents fell by $1.60 per square feet to $18.95 per square feet at the end of Q2 2010 from $20.55 in Q2 2009. This is reportedly the lowest asking rate since Q3 2006. For the full story, go to Florida Real Estate Journal.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
