Could the industrial market in the European Union be an indication of the health of the industrial market here? It is a global economy after all. ProLogis European Properties, a big industrial REIT has its European industrial assets up for sale and it is only attracting low-ball bids according to the Wall Street Journal. The bids received are not pricing in any recovery in the European industrial market.
The industrial rental market continues to be challenging according to market participants. At the start of this year the Atlanta leased industrial vacancy rate was 20.6 percent. The vacancy rate was down 0.2 percent due to net absorption in the fourth quarter but for the year 2010 the vacancy rate was up one percent. Rental rates declined for the fifth consecutive quarter.
If you need assistance with your property tax assessment appeal please contact us.
The industrial rental market continues to be challenging according to market participants. At the start of this year the Atlanta leased industrial vacancy rate was 20.6 percent. The vacancy rate was down 0.2 percent due to net absorption in the fourth quarter but for the year 2010 the vacancy rate was up one percent. Rental rates declined for the fifth consecutive quarter.
If you need assistance with your property tax assessment appeal please contact us.
