Market data from the past three years clearly show that our commercial real estate market has reflected the stability of the Anchorage economy, despite the problems of the national economy. They also show that new construction drives up the vacancy rate for older buildings.
Anchorage?s economy has demonstrated amazing stability over the past two decades. We had uninterrupted job growth of 1 to 2 percent a year for 20 straight years until the national recession hit in 2009. While the national economy suffered greatly, Anchorage experienced only a slight decline in 2009, held steady in 2010 and resumed growing in 2011.
The office and retail buildings constructed here over the past 10 years have the newest designs and operating systems, and that has allowed them to out-compete the older buildings. Even though the new buildings? lease rates are higher, they are more functional for and attractive to tenants, so they gain tenants at the expense of older buildings. Because of this, vacancies shown in the data are concentrated in older buildings.
At Gay Realty Watch, we look for news to share with you about the gay real estate market ? both lgbt real estate news and news specific to gay and lesbian real estate meccas.
Authored By Chris Stephens ? See the Full Story at the Anchorage Daily News
Click here for gay realtors, mortgage lenders, and other real estate professionals in Alaska.
If you have a gay real estate story that you?d like to share with us, contact us at info@gayrealtynetwork.com
Source: http://gayrealtynetwork.com/blog/2012/10/anchorages-commercial-real-estate-market-stable.html
Medal Count 2012 Olympics victoria beckham London 2012 rhythmic gymnastics Meteor Shower August 2012 jessie j jessie j Tyrann Mathieu
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন