NBS Financial has released its Second Quarter 2012
quarterly reports for office, industrial, retail and multifamily
commercial real estate, as well as its economic report.
Office vacancy rose slightly during Second Quarter,
to 13.71 percent in central city, 22.76 percent in the suburbs, and
16.62 percent in Vancouver.
Retail vacancy rose slightly to 6.91 percent, with a
significant increase in vacancy in Central City as the Yamhill
Marketplace former Bally Total Fitness became available. Grocery stores,
including Wal-Mart, continue to expand throughout the metro area.
Industrial vacancy fell slightly to 14.19 percent
during Second Quarter, with a significant drop in vacancy in Vancouver
due to Canfield Transfer’s 62,798 sf lease at Columbia Business Center,
and some other sizable leases.
The multifamily market continued to improve, with
vacancy down to 2.6 percent during Second Quarter and rental rates
rising. Though the single-family housing market is finally seeing some
sustained recovery, the apartment market will remain healthy, with
strong demand for the roughly 6,000 units under construction in the
metro area.
Full reports are available at http://www.nbsfinancial.com/research.html.
