According to Cushman & Wakefield, the national trend in the first quarter for commercial real estate has vacancies rising from 9.7 to 9.9 percent. The average US commercial rent increased to $37.69 by the end of the 1st quarter.
Bellevue, again, has continued to lead the pack with the lowest vacancy rate in the country.
Top US Cities – Vacancy Rates
1. Bellevue – 5.7%
2. New York – 6.1%
3. Washington D.C. – 7.3%
4. Boston – 7.4%
