Download cities skylines for android4/26/2023 ![]() The vacancy rate for commercial real estate for both the first and second halves of 2020 had been 10.8%, and this is the first report since the second half of 2017 where the vacancy rate has been below 10%.Īrvest says more than half of the total net positive absorption came from the warehouse submarket where 558,572 square feet of space was absorbed, while no new properties were added. ![]() (KNWA/KFTA) - Arvest Bank today released Skyline Reports on commercial real estate in Northwest Arkansas for the first half of 2021.Īccording to Arvest, during the first half of 2021, the overall vacancy rate for commercial real estate dropped to 8.9% as 1,153,353 square feet of space was absorbed.Īrvest said combined with 246,735 square feet of new space being added, the market saw net positive absorption of 906,618 square feet, which was the largest amount of net positive absorption in almost a decade.
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