Lease rates per square foot are on the rise, jumping from $13.88 - TopicsExpress



          

Lease rates per square foot are on the rise, jumping from $13.88 to $14.22 over the study’s span, while the majority of other cities remained even or decreased. The new mix of companies being drawn to the area have contributed to rental rates rising over 13 percent in recent years. The city of Troy released its own report indicating the total dollar value of construction in 2013 rose by 10.5 percent over 2012, totaling at $50,974,752. This figure increased for the second consecutive year. “The totals for the past two years are remarkable,” said Mayor Lou Rosamilia. “Almost $100,000,000 in construction is an incredible amount and indicative of the interest investors have in Troy. Even more remarkable is the fact that the number has been contributed to by so many people and such a broad spectrum of projects.” Click on link in comment below for entire article...
Posted on: Wed, 05 Mar 2014 12:39:58 +0000

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