“The I-287 corridor office submarket is recognized as one of the most improved office submarkets in the state due to the tightening availability rate, inflation of rents and the ongoing repurposing of office buildings for alternative uses in Piscataway,” says Colliers' Jacklene Chesler.
The overall Atlanta shopping center vacancy rate dropped to almost half in over five years, from 9.9 percent at the end of the first-quarter 2013 to 5.7 percent at the end of first-quarter 2018, says NKF Research.
GlobeSt.com caught up with numerous attendees and panelists at the recent event here in Las Vegas, where panelists say that while there are some challenges in the retail space, there are more opportunities.
The sale included 166 of 179 units from the seller, six units from third parties and an agreement for the seller to construct an additional 63 units on the property for the purchaser.