Monthly Archives: August 2012

Southpace Brokers complete more than $20 million of transactions in July

By Bryan Holt, CCIM, Southpace Principal Some may say business slows down in the summer, but things definitely heated up this year for our brokers. They completed 23 transactions for a combined total of more than $20 million in the … Continue reading

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Positive Absorption and Lower Vacancy for Retail in Birmingham

By David Ashford, CCIM, Director of Southpace Retail Division The overall retail market saw a 204,000-square-foot positive absorption in the second quarter of 2012. The vacancy rate is 11.1%, which is down from 11.8% in the first quarter. This can … Continue reading

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Most Birmingham Office Markets Hold Strong

By Blake Crowe, CCIM, Director of Southpace Office Division In the second quarter of 2012, the Birmingham office market saw only one significant swing in vacancy rates of our six submarkets. The Oxmoor market had a 10% decline in it’s … Continue reading

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Slight Improvement in the Second Quarter 2012 Industrial Market

By Rich Vanchina, CCIM, SIOR While none of the deals that have happened this year are exciting by themselves, it’s a pretty fair amount of market activity when combined. Deals are getting done to take available space off the market. … Continue reading

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Done Deals

Summer has continued to be busy for our brokers at Southpace. Here are just a few of the deals they have wrapped up in the last few weeks. Greg Despinakis negotiated the sale of approximately one acre of land at Grandview … Continue reading

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