Also in the Los Angeles South Bay
submarket, the company acquired a two-property portfolio for USD 6.
NYSE: REXR) has acquired two 100% leased industrial properties in Southern California infill
submarkets, the company said.
East Brooklyn continued to dominate price growth in the borough, remaining the only
submarket across Manhattan and Brooklyn to experience double-digit annual price growth at 10.
Murray Strang, head of investment and agency at Cluttons UAE said, "Firms continue to be attracted to this free-zone
submarket because of the high quality of buildings and the presence of other high profile occupiers in the area.
Among urban core
submarkets analyzed by Axiometrics, the Gold Coast/River North
submarket in the Chicago-Naperville-Joliet, 111.
The office/warehouse
submarket saw the largest decrease in vacancy rates from 28.
For example, local telephone service accounted for $65 billion and it represented the largest
submarket, or 16 percent of the overall industry.
Smith, First Potomac's chief investment officer, stated, "These properties are excellent additions to our portfolio in the Greenbrier/Crossways
submarket, one of our best-performing
submarkets.
Miami is a key market for Clarion Partners, as demonstrated by this renewal and our recent acquisition of Westpointe Business Park, also in the Airport
submarket.
8 percent)
submarkets continued to tighten, as the low single-digit vacancy rates may be a signal that additional speculative and build-to-suit activity is on the horizon in the coming quarters.
MARKETS HIGHEST VACANCY SUBMARKETS LOW VACANCY
SUBMARKET METRO METROS VACANCY VACANCY Downtown Los Angeles 11.
It is generally accepted that the Plaza District is Manhattan's best office
submarket, and historically, its Class A rents back that up.
