Pinnacle Area Still Growing
New Construction Draws More People
Posted: February 11, 2013 at 5 a.m.
New stores and amenities are helping the Pinnacle Hills area become a self-sustaining community.
At A Glance
There is nearly 2 million square feet of office space in Rogers, said Tom Reed, a partner in Streetsmart Data Services. That includes Class A and B space and does not include strip malls or owner-occupied space.
Class A retail sites are the newest, in the best locations and demand the highest prices.
Reed said the city’s office vacancy rate for Class A properties is almost 13.5 percent; Class B is over 25 percent.
Rogers has 2.25 million square feet of Class A and B retail space.
Reed said the vacancy rate of Class A is just over 6 percent. Much of the city’s Class A retail space is in Pinnacle Hills.
Class B retail vacancy rate is between 16 and 17 percent.
He said there is 475,000 square feet of strip center space in Rogers.
Source: Staff Report
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