The Vancouver Business Journal ran a story Friday exploring the present state of the commercial real estate market in Clark County. The article suggested that lease rates are decreasing and vacancy is going up, but that there are some positives. For instance, retail vacancy has increased, but it could have gone up quite a bit more. NAI NBS' Pam Lindloff, a retail specialist, and Garret Harper, who focuses on industrial leasing and sales, were interviewed for the article. You can find it here.
NAI NBS tracks vacancy and construction in Clark County for office, retail, industrial and multifamily properties. Our Second Quarter 2009 reports will be posted on this blog and on our Web site by mid-July.
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