Featured Property:
Multi-Purpose Assembly Building
FOR SALE -18,000+ square feet of public assembly space situated on 7 acres of land loacted on US 460 just west of the Salem line. Perfect for church, (existing use), school or club. Main multi-purpose room (sanctuary) includes a full-size basketball court and retractable goals, a stage, seating for 500 and an adjacent full-service kitchen with pass-through window. The Classroom section includes 7 classrooms and two larger youth rooms. Built in 1994, the facility appears to be ADA compliant and modern in every respect. The current church has out-grown the space and is building a larger facility nearby. The land is currently zoned R-1(s), but is designated in the community plan for up-zoning. More Pictures. Call Bryan or Richard for more information. |
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Industrial Market Responds
Absorption Up in 2nd Quarter
A few months ago in this column I asked how the Roanoke Industrial market would respond to the additional inventory that had been dumped (over 400,000 square feet) in the first quarter of 2012.
It seems that the early results are positive. Total Net Absorption in Q2 was 173,000 square feet which represents 40% of the additional vacancy that hit the marketplace in Q1. This lowered Roanoke's overall industrial vacancy rate from 13.4% to 12.8%. This all occurred without a corresponding increase in rent rates. In fact quoted rates for Q2 were up an average of $0.04 per s.f.
Here are the Top 5 Industrial leases so far this year.
source www.costar.com
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