A recent study of the Power Inn industrial market by Cassidy Turley Commercial Real Estate shows the vacancy rate of industrial buildings over 10,000 SF to be
Industrial vacancies in the Power Inn Submarket
dipped to 10% at the end of 2012.
10% for Q4 2012 - down from 12.7% one year ago. This compares with 14.3% for the Mather submarket and 22.7% for the McClellan submarket.
"This represents four straight quarters with a drop in vacancy and the lowest vacancy rate in the submarket in four years," said Cassidy Turley's Steve Perez. Average asking lease rates increased slightly, but not significantly, from $.33/SF to $.34/sf NNN. "Although these are positive signs for landlords," he said, "expect 2013 to continue to be a tenant's market, as the Power Inn submarket, being the largest in the region, still has almost 2.5 million sf of vacant space." (read more)
In Pride Industries completed its first year as The Alliance's new Clean-Up Crew. Keeping 6.2 square miles of the district clean from debris, illegal-dumping, and clearing storm drains from flooded streets.
In 2012, the 8-man Crew has removed:
·42 tons of illegally dumped debris
·573 bags of trash
·632 tires
·114 mattresses
·230 shopping carts
·180 auto parts
The Pride Industries Crew ready for action.
The Alliance and the Pride crew work closely with District 6 Patrol Officer Keith LaFlamme regarding suspicious activity and nuisances. LaFlamme said, "You and I and your Pride guys have established a new alliance that is an amazing tool to combat crime, ie: dumping, theft, vandalism, etc. I am amazed at The Alliance's ability to get things done." (read more) _____________________________________________________________
