Featured Property:
User-Investor Building on Brambleton
FOR SALE - Two retail buildings on 1/2 acre lot. Three Tenant spaces in all. Two of the the three are currently leased. One building is a leased auto garage. The second building, split into two spaces, is home to Brambleton Frame Shop and one 3500 SF vacant space. The vacant space has a rear drive in door, warehouse area and retail floor. This property is located on Brambleton Ave next to Brambleton Imports and across from Luigi's restaurant.
Call Bryan or Richard for more information.
|
Market Report
Roanoke Industrial Market Rebounds
Just a few months ago, I questioned how Roanoke's Industrial  market would respond after nearly 400,000 square feet of inventory was dumped on the market. The answer is ..... very positively.
In fact, over the past two quarters, the negative absorption created in Q1 has been completely erased and quoted rental rates are up 7% over this time last year. The overall industrial vacancy rate is reported as being 11.5%, but the availability of flex space seems particularly tight at 6.0% vacancy.
So, it appears as if Roanoke's Industrial Market has bottomed out and is trending up. If the economy, and specifically manufacturing, picks up as expected in the coming months, industrial real estate will be a lucrative part of any investment portfolio.
source: www.costar.com
|
