The LBJ Corridor Sub-Market has seen an increase in the Direct Class A vacancy from 22.4% at the end of the second quarter of 2015 to 22.8% at the end of the second quarter in 2016. Average full-service rental rates of Class A space increased per square foot, from $23.98 to $26.40 during the same timeframe.
The North Central Expressway Sub-Market has seen a remarkable decrease in the Direct Class A vacancy from 18% at the end of second quarter 2015 to 13.1% at the end of the second quarter 2016.
The Upper Tollway Sub-Market is currently a hub of office real estate activity in Dallas and has become one of the most attractive sub-markets in the D/FW Metroplex.
Stubbornly low energy prices during the first half of 2016 kept the Alberta economy moving at a sluggish pace.The slowed market kept a lid on investment activity in Calgary and prolonged the ‘wait and see’ attitude in the investment market, for major and minor players alike. Many investors continued patiently waiting on the sidelines, looking for opportunities while current owners held onto properties of consequence.
At the end of the second quarter of 2016, the industrial market Class A of Mexico City recorded an inventory of 8.3M Sq.M, with the Cuautitlan submarket which covers a larger share of that inventory (33%) followed by Toluca (20%).