The industrial vacancy rate in the Hampton Roads market area increased to 9.3% at the end of the first quarter 2012. The vacancy rate was 9.0% at the end of the fourth quarter 2011, 9.0% at the end of the third quarter 2011, and 8.8% at the end of the second quarter 2011.
Flex projects reported a vacancy rate of 13.9% at the end of the first quarter 2012, 13.5% at the end of the fourth quarter 2011, 13.1% at the end of the third quarter 2011, and 12.8% at
the end of the second quarter 2011.
Warehouse projects reported a vacancy rate of 8.6% at the end of the first quarter 2012, 8.3% at the end of fourth quarter 2011, 8.3% at the end of the third quarter 2011, and 8.2% at the end of the second quarter 2011.
The information in this news report is based on CoStar’s First Quarter 2012 Market Report, a 40-plus page comprehensive research report available to CoStar subscribers. To learn more about quarterly research reports and other benefits available to CoStar subscribers, please call 1-877-694-2177.