This year's spring edition of the MacRo Report is now available for download. Here are some sneak peaks at the articles included in this issue.
Featured Property: 5301 Buckeystown Pike
Located in one of the most highly visible and sough-after commercial centers in Frederick County, this four-story, 80,000 square foot buildling boasts retail frontage on the street leve, with Class A office suites comprising the remaining three stories.
Read more about this issue's featured property by clicking the link below to download the Spring 2015 MacRo Report:
Wherefore Art Thou, ARTO?
The Farm Bureau promoted the Agriculture Rights Transfer Option ("ARTO") as a way for farmers to pull case out of their land without having to develop or sell the farm. Whie land preservation programs accomplish the same goal, the number of farms applying to these programs far outstrips the amount of funds available. The main differences with ARTO are that the transaction is within the private sector (not constrained by government budgets) and, more controversially, the development rights are transferred elsewhere in the county, not "extinguished".
So where does ARTO stand now? Read more about this and other issues in our area by downloading your copy of the MacRo report by clicking the button below:
Real Estate: What's In & What's Out?
Here we are in the 15th year of the new century, half a decade out of the major recession, with unemployment at a pre-recession level, gas prices at six-year lows and retail sales at their strongest in 10 years.
All is good, right? Well, let's start with a rview of some commercial real estate data:
CoStar showed 60 office properties representing over 8.7 million square feet of office space. Within that group, there is over 1.1 million square feet of office space advertised for lease.
From that information, you'll see an office market with a vacancy rate just north of 10%. Considering the national average is a little less than 20%, with a healthy market being less than 20% with a healthy marketing being in the mid-teens, one could conclude that Frederick's office market is pretty healthy.
What does this mean for real estate in Frederick, MD? Continue reading in this month's MacRo Report:
We hope that you've enjoyed these articles as well as the other information found in the MacRo Report Blog. Read the full articles by downloading your copy of the Spring Edition today by clicking the button below. From all of us at MacRo Commercial Real Estate, thank you for downloading. Feel free to share with your friends and neighbors.Fill this box with the closing section of the blog article