Wednesday, January 28, 2015
Virginia Attorney General Mark Herring
RICHMOND (January 28, 2015)–The Commonwealth of Virginia today led 22 states and the District of Columbia in filing an amicus brief defending the sustainability of America’s healthcare system and the right of millions of low- and moderate-income Americans, including hundreds of thousands of Virginians, to premium-assistance tax credits when they purchase health insurance on a federally-facilitated exchange. At stake is the ability of more than 177,000 Virginians to keep an annual average of $3,048 in financial assistance they are already receiving, and the ability of hundreds of thousands of future customers to access the same financial assi
Poe & Cronk Real Estate Group released the results of its 26th annual office market survey today reporting that both rental rates and occupancy edged upward in 2012.
The overall occupancy rate at the end of 2012 was up to 90% from 88% at the end of 2011. The 90% occupancy rate for the Roanoke Market is well ahead of the national average, 80.7%, as reported by the National Association of REALTORS ®.
The most substantial gain was seen in the South Suburban Business District which increased 2% despite the addition of 25,715 square feet to the surveyed inventory. Occupancy and rental rates were up slightly in the Central Business District as well.
“The occupancy of the Central Business District benefited from the deletion of over 118,000 square feet from the inventory”, said Richard Wellford of Poe & Cronk Real Estate Group. “Two notable properties, The Shenandoah Building and The Crystal Tower, are being converted to residential use. That reduction in supply has helped move downtown rental rates up ever so slightly.”
Poe & Cronk developed Roanoke’s Original Office Market Survey in 1987 and has conducted it annually using consistent criteria and methods of reporting. This year’s survey incorporates data covering more than 100 non-governmental office buildings measuring 10,000 square feet or more.