Featured Property:
419 Development Opportunity  FOR SALE - This incredible 16.15 acre development opportunity along the Rt. 419/ I-81 Corridor is available all together or separate. Commercial or residential potential. Electric Road-Rt. 419/I-81 right next to Pinkerton Chevrolet.
Call Bryan or Richard for more information. |
By the numbers
Roanoke's Normally Strong Industrial Sector Takes a Hit
What happens when you dump nearly half a million square feet of industrial space on the market? We're about to find out. The industrial market in Roanoke experienced 458,195 of negative absorption in Q1 of 2012 sending the overall vacancy rate to 13.3% The bulk of the increase in vacancy occurred in the warehouse sub-sector. However, landlords seem not to have felt the crunch. Average asking rates actually rose 7% to $2.94/s.f. Reducing your personal inventory in an environment of increasing supply requires aggressive pricing. While each property is unique, all are affected by market realities. Knowing and understanding the market, soberly accepting its realities, and quickly adapting to them is the formula for maintaining a positive cash position and preserving your investment. Trust Bryan and me to help you develop that formula. |
