Commonweal Development Releases Area Commercial Real Estate Report
Posted: March 1, 2019
Total retail, office, and industrial space all increased in 2018 from the previous year's report. The vacancy rate for retail space, at 11.66%, represents a decline from 2017 with major new retail centers opening in 2018 including Mills Fleet Farm, Hobby Lobby, HomeGoods, and Gander Outdoors. Office and industrial unit vacancy rates increased somewhat (increasing 0.52% and 0.38%, respectively). However, Eau Claire's industrial vacancy of 2.23% is still well below the total U.S. vacancy rate of 4.9% (as of 2018 Q3).
The full report is attached and can also be accessed at Commonweal's website.