The commercial real estate market gained momentum in 2013.
The commercial real estate market gained momentum in 2013.
Leasing activity for retail space increased last year throughout most of the Salem area, resulting in an overall vacancy rate of 11.4 percent. That compares to 13.9 percent vacancy at the start of 2013.
Apartment vacancy rates finished the year at 3.4 percent. Low vacancy rates have triggered more apartment construction in the Salem area.
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