OFFICE VACANCY CONTINUED DECLINE IN MAJOR MARKETS IN Q3 2013

    Los Angeles – September 26, 2013 – (RealEstateRama) — Office vacancy rates continued to decline in most major U.S. markets during Q3 2013, based on preliminary data from CBRE Group, Inc. Eight of the 13 largest markets showed lower office vacancy, led by Dallas, which experienced a 100 basis points (bps) decline to 18.1%. The U.S. industrial market also continued to show improvement in Q3 2013 according to CBRE, with demand coming from third party logistic companies, the food service sector, home construction, automotive and automotive suppliers. Miami maintained its 3rd place position among the top U.S. industrial markets, with a 8.1% vacancy in Q3 2013, down 10 bps from Q2 2013.

    SHARE
    CBRE

    CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

    Contact:

    Robert W. McGrath
    Senior Director, Corporate Communications

    +1 212 9846515
    +1 800 7996523 FREE

    Previous articleAuction.com Raises $50,000 for Charity from Cheap Trick Guitar Auction
    Next articleFEMA Souris Valley Housing Mission Comes to a Close