A new report reveals a number of positive trends in Roanoke’s commercial real estate market.
The firm Cushman & Wakefield | Thalhimer noted in its second-quarter report on the Roanoke area that its “economy is near full employment” with a 3.3 percent jobless rate in May.
The region’s office vacancy rate fell nearly 2 percentage points over 12 months, from 8.7 percent in the second quarter of 2017 to 6.8 percent in the same quarter this year.
The average office rental rate asked rose 2.9 percent, from $15.06 to $15.50 per square foot.
