GARNER ’ S COMMERCIAL REAL ESTATE
STEADY DEMAND BRINGS NEW SPACE
The commercial real estate market continued to show strength throughout the past year . In particular , the industrial and industrial-flex markets grew significantly with the announcement of the Beacon Commerce Park on Jones Sausage Road , the continued buildout of the Garner Business Park 70 , and the construction of several industrial-flex spaces by Wigeon Capital and Mason Properties . Vacancy rates in all classes appeared stable and lease rates have continued to rise .
20 %
Quarterly Vacancy Rates , 2011-2021
15 %
10 %
5 %
2011
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Industrial |
Flex |
Retail |
Office |
$ 25
Quarterly Lease Rates , 2011-2021
$ 20
$ 15
$ 10
$ 5
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021