news: Newmark Knight Frank - Detroit OFFICE Market Report - 2Q09
- 10/01/09 06:41 AM
A slight reprieve was seen in the Detroit office market in the second quarter of 2009. After six consecutive quarters of negative absorption, 69,244 square feet of space was removed from the market as the vacancy rate held at 22.5% from the first quarter. The vacancy rate is up from 21.5% one year ago and has remained above 20.0% for the past three years. The average asking rental rate fell in the second quarter to $19.75/sf from $19.90/sf at the end of the first quarter, and is down 2.4% from $20.24/sf over the last year. Rents have declined 12.6% from … (0 comments)
news: Newmark Knight Frank - 5th Largest Commercial Real Estate Firm!
- 09/10/08 02:26 AM
Hey everybody! I thought this was noteworthy. According to Commercial Property News (CPN), www.cpnonline.com, Newmark Knight Frank is ranked 5th with a transaction volume in 2007 of over $47 Billion. http://www.newmarkkf.com/mediacenter/inthenews/library/cpn_2008.pdf To make things more interesting Jones Lang LaSalle gobbled up Staubach, so that sort of puts us in 4th position. Let's get ready to reenneegootiate! Regards, Jason Tucker | Associate Director Newmark Knight Frank, Inc.34975 W. Twelve Mile Road | Farmington Hills, MI 48331Phone: 248-848-4084 | Fax: 248-848-9041 | Cell: 248-431-8138e-mail: jtucker@newmarkkf.com | Website: www.newmarkkf.com … (0 comments)
Jason is personally committed to a holistic approach for assisting local and international companies with their strategic real estate needs. He provides his clients with targeted real estate market research, industry trend analysis, and logistics solutions that enable them to make well-informed, cost-effective decisions about their businesses.
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