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Old 04-23-2012, 09:31 AM
 
Location: Greenville, SC
11,058 posts, read 21,993,703 times
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Greenville had one of the largest drops of office vacancy rate in the country: Reis: Greenville Office Market Among Five Winners :: SCREnews
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Old 04-23-2012, 09:51 AM
 
Location: Dallas, TX
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Now, THAT'S a positive economic sign!
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Old 04-23-2012, 01:04 PM
 
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You know .... there has been a constant drumbeat of positive business/economic news involving Greenville and surrounding areas. Considering this has been in the middle of a flat economy, this has to bode well economically for the area in the next 3-5 years. Ironically, my initial positive feelings are slowing shifting to a more foreboding sense .......... that our little corner of paradise has been 'outed' and we will begin to see explosive/uncontrolled growth in the near future (think Powdersville). Excellent economic news but I wonder about it's impact on the valuable quality of life that we all currently enjoy.
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Old 04-23-2012, 06:41 PM
 
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Quote:
Originally Posted by g-man430 View Post
Greenville had one of the largest drops of office vacancy rate in the country: Reis: Greenville Office Market Among Five Winners :: SCREnews
Was the drop a result of TD taking the campus off of the market? Or, was that never up for lease? I am surprised that the market is still at 19.9%.
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Old 04-23-2012, 06:45 PM
 
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Quote:
Originally Posted by GSP101 View Post
Was the drop a result of TD taking the campus off of the market? Or, was that never up for lease? I am surprised that the market is still at 19.9%.
Or, perhaps the drop is a result of new businesses moving in. Just a thought.
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Old 04-23-2012, 07:28 PM
 
Location: Greenville, SC
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Quote:
Originally Posted by GSP101 View Post
Was the drop a result of TD taking the campus off of the market? Or, was that never up for lease? I am surprised that the market is still at 19.9%.
That I believe along with a good amount of leasing going on within the CBD from companies like CertusBank and Windstream. The CBD office vacancy rate is much lower than in the suburbs at least when it comes to Class A space.

Last edited by g-man430; 04-23-2012 at 07:48 PM..
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Old 04-23-2012, 07:40 PM
 
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Quote:
Originally Posted by g-man430 View Post
That I believe along with a good amount of leasing going on within the CBD from companies like CertusBank and Windstream. The CBD office vacancy rate is much lower than in the suburbs.
Thanks. What is keeping the rate at 19.9? Are there submarkets with a high vacancy rate?
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Old 04-23-2012, 07:46 PM
 
Location: Greenville, SC
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Quote:
Originally Posted by GSP101 View Post
Thanks. What is keeping the rate at 19.9? Are there submarkets with a high vacancy rate?
The suburbs along with Class B and C office space in the CBD. Class A in CBD is fairly low though. Page 2 here shows it all for Q4 2011: http://dsg.colliers.com/document.aspx?report=2384.pdf Q1 2012 isn't released yet.

It's pretty funny to think that one lease could make Class C vacancy rate in the CBD go from over 20% to 0% as long as it's all one space.
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Old 04-23-2012, 09:51 PM
 
3,200 posts, read 4,135,065 times
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Quote:
Originally Posted by g-man430 View Post
The suburbs along with Class B and C office space in the CBD. Class A in CBD is fairly low though. Page 2 here shows it all for Q4 2011: http://dsg.colliers.com/document.aspx?report=2384.pdf Q1 2012 isn't released yet.

It's pretty funny to think that one lease could make Class C vacancy rate in the CBD go from over 20% to 0% as long as it's all one space.
Good info......getting class B&C occupied would help alot. Greenville is not alone, class C space in Columbia keeps the vacancy rate high. The same space classification is also hard to lease in the SouthPark area.
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Old 04-24-2012, 07:51 AM
 
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What class is the Landmark building?
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