The 24th edition of Arvest Bank’s Skyline Report for Benton and Washington counties is sure to be well-received.
That’s because the report, issued Tuesday, indicates the first consequential positive absorption in the commercial real estate market since the third quarter of 2008. A total of 387,877 SF was absorbed in the second half of 2010, according to the report.
“This quarter’s report shows some early positive signs in the commercial market for the first time in quite a while,” researcher Kathy Deck said in an accompanying news release. “While encouraging, we do still have a long way to go in working towards a more balanced commercial real estate market.”
Deck is director of the Center for Business and Economic Research at the University of Arkansas’ Walton College of Business. The CBER conducts the Skyline Report, a quarterly analysis of the latest commercial, single-family residential and multifamily residential property markets in Benton and Washington counties.
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