Does Market Data Reveal That There Is A Rising Occupancy Rate Throughout The Country?
A press release studying the recent increase in the rates of occupancy across the country. The data herein has been gathered in order to rate the performance of the country and how this is having a bearing on the estate agents and realtors.
One expert said that the resilience by realtors across the office market was as a result of their means to generate new policies and draw in new companies.
Financial real estate advisor Morgan Cox said, "It is vital that nowadays brokers change the way they do business. If they didn't do this or advertise their commercial offices correctly then no one would be interested in leasing."
He said that this could explain why other sector still have unoccupied stores and warehouses, as the right kind of industry has not been addressed in the commercial ad campaign.
Increased rates are now becoming common, even as high as 30 per cent however, according new statistics the new average is just 12.4 percent. Although, the measures to work out these statistics are not yet available to the public.
However, a number of important businesses have migrated but as they have moved within the same country their relocation has not sent the final statistics out of whack. The data only applies to relevant properties where the tenant isn't running the business any longer. Under these circumstances, the statistics are relatively low.
Property consultant Steven Jones of Move Today, said, "Setting up a new office space during last year's economic climate was a brave move but one that upped the occupancy rate. Although, for many businesses it was a success and for the country it meant vacancy rates stayed low."
In spite of this move seeming to be quite risky it seems to have been a fruitful one and now we can see signs of life returning to the country as a whole.
Paul Jackson, a consultant at ABC Finance said, "The country is resilient and responds well to change. It acts in unexpected ways. As a result leasing, for example Jacksonville office space, has shown to be successful. Not only has it helped to stabilise the market but it has allowed us to buck the national trends."
He added, "It is well-known that on our path to recovery we have struggled, but things are most definitely looking up as we are all trying to work together to keep space occupied."
It has been suspected that the latest data for vacancy rates could show prominent signs of improvement as the nation turns a corner and it could even indicate a new sense of hope. Because of this many are anticipating an increase in the new companies starting up over the year.
Moving Steady estate agent Michael Williams has said, "We have been highly impressed that the retail and commercial sector is exceeding all expectations during the recession. It really has been above and beyond what was expected. We now think there will be more signs of growth as businesses start to benefit from renewed confidence in the market and new leases are taken up."
But the last thought is whether these patterns are going to hold true and can be relied on to make long term predictions. Only when this becomes apparent can we know whether companies will be putting their money into the lease of new office space or boosting their human resources.
Tag Words: real estate, commercial property, jacksonville, executive suites, jacksonville office space
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