Lincoln retail, office vacancies appear to stabilize, report finds | Local Business News
“Pent-up demand from tenants in the small- to- mid-sized range were the retail market drivers in the first half, with many leases signed by tenants in the 1,500- to 2,000-square-foot range,” NAI FMA sales associate Sally DeLair said in the report.
While the retail market is holding steady, the office market actually has improved somewhat.
NAI FMA’s report showed the office vacancy rate was 9.2% as of June 30, still well above the 8.3% rate from a year ago but lower than the 9.6% vacancy rate at the end of 2020.
Lincoln’s Husker Headquarters has new owner
Office vacancy soared in the second half of last year as many companies kept most or all of their workers home due to the pandemic. Some of those workers started coming back in the spring and early summer as COVID-19 cases started to decline sharply and vaccinations ramped up, but some companies halted or reversed plans to bring…
