Industrial
Blue Ox Expanding Warehouse
Oct 17th
Blue Ox, who is known for its towing products, are expanding their local warehousing into 40,000 square feet at 4021 N. 27th Street.
Blue Ox, headquartered in Pender, Nebraska, opened the Lincoln engineering facility in 2010 at 23rd & Fairfield to focus efforts on the design of new products and improvements to the company’s existing product line of towing products, hitches, braking systems, steering controls, carriers and fifth-wheel accessories. Blue Ox maintains its manufacturing and product support at its Pender facility.
Sally DeLair and Marc Snow, NAI FMA Realty, represented the landlord in this transaction.
Solar Panel Company Narrows Future Site to SE Nebraska
May 2nd
Rare Earth Solar, a venture company developing new solar panel technology, is looking for a site to become its headquarters for a solar panel manufacturer.
Chris Vasek, sales associate for NAI FMA Realty told the Beatrice Daily Sun, it has narrowed the scope of its future location to “somewhere in southeast Nebraska”. One location under consideration is the former Husqvarna building in Beatrice. The lawn mower company vacated the 274,000 square foot building at the end of 2010. The other sites were not disclosed at this time.
To read the full article published in the Journal Star, click here.
Rents to Rise by End of 2011
Apr 26th
The latest Cushman & Wakefield’s MarketView report delivered good news for the commercial real estate industry. According to this report, rents for all property types will rise by the end of 2011.
The report states that many of the U.S. CBD markets will see rising asking rents. Large, “24-hour” cities such as Chicago, Washington D.C., Dallas, New York, Miami and San Francisco are already experiencing rising rents. The stronger secondary markets will experience it next.
The Lincoln market remained fairly stable in regards to asking rates over the past few years. To attract new tenants, landlords were competitive by offering free rent and higher tenant improvement allowances versus dropping their asking rent.
(Source: rejournals.com)
Business Activity in U.S. Unexpectedly Accelerates
Sep 30th
Business activity in the U.S. unexpectedly accelerated in September, a sign manufacturers are still at the forefront of the recovery. To read the entire article, click here. (Source www.bloomberg.com. Picture by Jim R. Bounds.)
Commercial Real Estate Market Remains Sluggish
Aug 9th
Read the full article published by the Journal Star on Sunday, August 8th which talks about the local commercial real estate market and has inserts from NAI FMA’s recently published market report. http://journalstar.com/business/local/article_d39701ea-a18f-11df-b2ac-001cc4c03286.html
1st Half 2010 Office Market Report
Aug 4th
NAI FMA Realty recently published its 1st Half 2010 Market Report covering commercial real estate trends in Lincoln, Nebraska. The market report provides statistics and trends for the office, retail and industrial markets. Download a copy of the office market report today or download the full report, click here.
Friday’s Featured Listing – Heated Warehouse with Yard for Lease
May 14th
10,400 square foot warehouse for lease in central Lincoln at 3025 Apple Street. Warehouse is heated and includes four garage doors, office, dock, and yard space is available. $2.95/sq.ft. NNN Contact Marc Snow at 402-441-5819 for further information.
Commercial Real Estate Recovery Slated for 2011
Mar 2nd
Lawrence Yun, chief economist for the National Realtor Association believes the commercial real estate market will not see a recovery until 2011. He stated the job market is expected to grow later this year and with that the demand for office and warehouse space will improve. Furthermore, as consumer confidence increases so will the demand for retail space. To read the article in full – No Real Commercial Recovery Before 2011.
Vacancy Rates are Stabilizing
Feb 3rd
The 2nd Half 2009 Lincoln market report was released last Thursday and shows that vacancy rates are starting to stabilize. The office market had the greatest increase in the overall vacancy which jumped to 10.4 percent from 9.3 percent at the end of Jun 2009. The retail market showed only a slight increase from 8.7 percent to 8.8 percent. And industrial actually decreased from 12.1 percent in June 2009 to 12 percent at the end of the year despite having the largest amount of available space on the market. The good news out of all of this is that Lincoln is fairing better than the national average for all sectors.
On Saturday, January 30th, the Journal Star featured an article “Report: Vacancy rates stabilizing” written by Matt Olberding in the Business section of the paper summarizing the findings from the report. Thank you to Matt for giving us some press time.
NAI FMA issues a market report twice a year to provide information on how the local commercial real estate market faired during the past six months and discusses the trends we see out in the market place. All existing office, retail and industrial buildings are included except those that are government- or university-owned and occupied.
Feel free to contact us to discuss the report further or add you to our email list to receive the report directly to your inbox
OnTrac Messenger Relocating
Nov 16th
OnTrac Messenger, a courier service for letters and packages, is relocating their Lincoln location to 5600 N. 58th Street, Ste. 1. Richard Meginnis represented OnTrac Messenger on their new lease.
