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Vacancy Rates

Tuesday, January 29, 2013

Gaithersburg Retail Vacancy Numbers Trending Downward

The city's retail vacancy percentage for Q4 of 2012 is the lowest since 2008.

As Americans continue to struggle with the economy, local businesses may not be booming. But recent statistics show signs of Gaithersburg returning to pre-recession numbers. The city of Gaithersburg's retail vacancy numbers have shrunk to their lowest percentage since the recession, Gaithersburg Economic Development Director Tom Lonergan said, based on a report of around 300 retail properties from around the city. The report includes both shopping centers and freestanding retail sites, he said. "I'm pleased with the way things are trending right now," Lonergan said. "Obviously there are some spaces that their vacancies are more notiecable and we look forward to getting new tenants in there sooner than later." The numbers represent "the …

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Gaithersburg Business Property Vacancy Rates Lowest Since Recession (in Gaithersburg Patch)

JoAnn Schimke

10:31 am on Tuesday, January 29, 2013

The Diamond Square Shopping Center is experiencing a lot of vacancies. When we first moved here, it was the shopping center to go to. Sad to see the deterioration at this shopping center. :(   more ›

Wednesday, November 28, 2012

Real Estate Market Remains Strong in DC Area

Office and apartment vacancy rates are lower than national averages, and the residential real estate market is strong.

Office and apartment vacancy rates in the Washington, DC, area are both lower than national averages, Washington Business Journal reported. Nationwide, the office vacancy rate for the final quarter of 2012 is 15.7 percent, according to the National Association of Realtors, the Business Journal reported: The office vacancy rate in the District is 9.4 percent. In both the Virginia and Maryland suburbs it is 14.7 percent. Apartment vacancy rates in the Washington area remain among the lowest in the nation, at 3.5 percent in Northern Virginia and 3.7 percent in the Maryland suburbs. The residential real estate market also is strong, said Donna Evers, broker and president of Evers & Co. Real Estate. This past October, there was a "28 percent …

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