June has been a relatively stable month across the board, with vacancy rates remaining very low. The small number of vacates in the month of June have largely been early termination of leases.
Furthermore, most of our properties have been tenanted with minimal vacancy time. We believe this to be a result of 2 main factors:
- Our targeted marketing strategy that identifies the best time to start advertising for tenants (see our June newsletter).
- Our owner clients’ realistic expectations in adjusting prices to meet the market where necessary.
STATISTICS FOR JUNE:
Northside: Total of 21 properties leased
Southside: Total of 22 properties leased
Office Vacancy Rate: 1.16%
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