Commercial real estate sale values and lease rates are impacted by “supply and demand” much like other commodities. The vacancy data for a market can also have an effect on plans for new commercial development, options for small businesses to expand into larger office footprints and financial feasibility for entrepreneurs looking for small office space. Both the sale and leasing market can benefit from this knowledge.
For instance, the best reliable source for office and flex space vacancy data rates in the Ann Arbor Area can be found in the annual Swisher Commercial Vacancy Report. The year-end reports include the breakdown of vacancy rates by sub-market, and charts the vacancy trends over the last 27 years. It provides the most precise insights into the Ann Arbor office and flex commercial real estate market. – Bart Wise, Associate Broker