PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Cassidy Turley Commercial Real Estate

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Dayton Office Market Sees Positive Absorption for Third Consecutive Year - Cassidy Turley is a commercial real estate services provider with a track record of delivering expected results for global clients - CassidyTurley.com
Dayton Office Market Sees Positive Absorption for Third Consecutive Year

 

NewswireToday - /newswire/ - Washington, DC, United States, 2014/01/16 - Cassidy Turley is a commercial real estate services provider with a track record of delivering expected results for global clients - CassidyTurley.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Cassidy Turley, a commercial real estate services provider in the U.S., announced today that a strong fourth quarter in the Dayton regional real estate market brought the year to a positive close. More than 181,326 square feet of space was absorbed in the fourth quarter, bringing total absorption to 224,480 square feet for the year.

“This is the third straight year the Dayton office market has seen positive absorption,” said James Flick, Director of Research for Cassidy Turley’s Cincinnati and Dayton offices. “It has helped push the vacancy rate below the six-year historical average.”

Q4 2013 Dayton Office Market Snapshot Highlights:

Quick Summary: With area businesses absorbing 181,326 square feet of previously unoccupied space in the fourth quarter of 2013, the overall vacancy rate in the Dayton office market stood at 24.79%.

Growth Areas: Submarkets that served as the strongest drivers of demand in the fourth quarter of 2013 were the South, with 93,933 square feet of positive net absorption; the Central Business District, with 83,782 square feet; and the North, with 19,720 square feet.

Asking Rents: The average asking rental rate held firm at $14.45 per square foot, hopefully indicating that most prices have stabilized as the health of the market continues to improve. However, the average Class A asking rental rate decreased by 1.1% to $18.14 per square foot. As the market continues to gain momentum, Class A rents also will stabilize.

2014 Outlook: The South submarket will continue to be a destination location in the region in 2014 and beyond, and therefore, will draw area businesses to it. Development at Austin Landing, along I-75 in Miami Township, is not slowing down. In fact, developers have changed their plans to accommodate more office space based on the velocity of deals. Gone are the 14-screen cinema and ice rink, and in is another 200,000 square feet of planned office space. The development landed a number of new office tenants of note in 2013 including: Merrill Lynch (12,000 square feet), Eubel Brady & Suttman Asset Management (9,000 square feet), and ThyssenKrupp Materials NA (6,000 square feet). And while the Central Business District experienced a solid 2013, a number of companies have committed to leaving downtown in 2014. Historically the primary beneficiary of exiting businesses is the South submarket. Examples include: Merrill Lynch, which is vacating 16,000 square feet in the Kettering Tower in favor of 12,000 square feet at Austin Landing and Thorson, Switala, Mondock & Snead LLP, which is relocating from 5,000 square feet at 130 W. Second Street to Miami Township in March 2014.

About Cassidy Turley

Cassidy Turley (cassidyturley.com) is a commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services including capital markets, tenant representation, corporate services, project leasing, property management, project and development services and research and consulting. Cassidy Turley enhances its global service delivery outside of North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Cassidy Turley Commercial Real Estate

 
 

PREMIUM Article / Social Media:

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


Dayton Office Market Sees Positive Absorption for Third Consecutive Year

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: CassidyTurley.com 
202-463-2100 cassidyturley08[.]gmail.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Cassidy Turley Commercial Real Estate securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Cassidy Turley Commercial Real Estate / Company Profile


Read Real Estate/Property Management Most Recent Related Newswires:

Cassidy Turley Acquires Synergy Commercial Advisors
Demand for Office Space Rebounds in Q2 According to Cassidy Turley
Marc Fischer Joins Cassidy Turley as Senior Vice President
Forty-Two Cassidy Turley-Managed Properties Cross the Finish Line in EPA’s ENERGY STAR® National Building Competition
Demand for Office Space Remains Steady in Most Metros
Kevin C. Hughes Joins Cassidy Turley Executive Team
Cassidy Turley - EPA Names Cassidy Turley 2014 ENERGY STAR Partner of the Year
Cassidy Turley - IAOP® Names Cassidy Turley A Leader on 2014 Global Outsourcing 100® List
SnapRates Mobile-based Site Introduced by Cassidy Turley
MEPT Sells Milestone Business Park to Matan Companies for $128.4 Million
Office Vacancy Continues to Decline Across the U.S. According to Cassidy Turley
Dayton Office Market Sees Positive Absorption for Third Consecutive Year

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)