Delta Associates is out with first-quarter market stats, and they’re looking pretty good (at least compared to the rest of the country). Here are a few that caught my eye:
- The vacancy rate for offices is at 13.2 percent—up from 11.4 percent a year ago, but still fourth-lowest in the nation. Rents were down 2.2 percent in the first quarter.
- The Class A apartment vacancy rate declined to 4.1 percent, from 4.6 a year ago. Still stellar compared to the nationwide average of 8.2 percent.
- As for condos, 630 units sold during the first quarter, which is the highest first-quarter total in three years. Sales prices declined by 6.4 percent. And there are only 5,226 unsold new units out there—the fewest since the end of 2003.
Lots more where that came from here.