You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

In brief


REAL ESTATE

Industrial real estate market firming up

The Dayton-area industrial real estate market may be firming up, according to a new report from commercial real estate firm Cassidy Turley.

According to the firm’s “industrial market snapshot” for the third quarter of 2013, a combination of leasing/sale activity combined with finished construction projects led to more than 450,000 square feet of positive absorption.

So far this year, the Dayton market has seen more than 1.1 million square feet of positive absorption.

Positive absorption happens when previously vacant space became occupied by a tenant business.

Nearly 500,000 square feet of newly built industrial space was completed in the third quarter, the report said. So far this year, there have been 1.15 million square feet of new industrial space completed.

More than 625,000 square feet of industrial space is currently under construction across the Dayton market, with more being planned, Cassidy Turley said.

Vacancies are down in bulk warehouse and flex office/warehouse categories while vacancies are up in the freestanding building category, the firm said.

The Dayton market’s overall industrial vacancy rate in the third quarter is 15.9 percent, a 0.5 percent increase over the second quarter vacancy rate, the report said. THOMAS GNAU

SURVEY

“Made in Dayton” blog taking survey

The website www.madeindaytonblog.com is surveying Dayton-area manufacturers to find out how many job openings they have and what employee skills they need.

This year’s survey is being conducted with Dayton Area Chamber of Commerce, the Dayton Region Manufacturers Association, BusinessFirst!, and Sinclair Community College’s Workforce Development Division, Steve Staub, of Vandalia’s Staub Manufacturing Solutions, said in a post.

The survey asks how many jobs are open, what types of openings are out there and what the jobs pay.

For more information or to take the survey, go to madeindaytonblog.com. THOMAS GNAU

EARNINGS

Chipotle net income climbs

Chipotle says its profit rose 15 percent in the third quarter as more customers flocked to its restaurants for burritos, tacos and bowls.

The Denver-based company said sales at restaurants open at least a year, a key metric, rose 6.2 percent in the period, driven by higher customer traffic. The sales jump follows a 4.8 percent increase a year ago.

For the quarter, Chipotle Mexican Grill Inc. earned $83.4 million, or $2.66 per share. That’s up from $72.3 million, or $2.27 per share, a year ago. Analysts expected $2.78 per share. ASSOCIATED PRESS

Revenue rose 18 percent to $826.9 million, topping the $820.3 million analysts expected.


Reader Comments ...


Next Up in Business

Days by the pool: Is it worth the cost?
Days by the pool: Is it worth the cost?

Every year as summer approaches, families think about adding pools to their backyards. Before your kids talk you into installing one, you should consider the financial implications. Better Business Bureau advises you: Do your research before installing your own pool. Ask yourself why you want a pool Consider these questions: Why do you want a pool?...
Chipotle investigating credit card data breach
Chipotle investigating credit card data breach

Chipotle Mexican Grill is investigating a data breach in its payment processing system, after reporting a sharp increase in sales. The fast-casual restaurant said it recently detected unauthorized activity on its network that supports the payment system. Chipotle said the transactions occurred between March 24 and April 18, and the company believes...
RETAIL APOCALYPSE: More than 8,600 stores could close in 2017
RETAIL APOCALYPSE: More than 8,600 stores could close in 2017

More than 8,600 stores could close in 2017, a record estimate of closures compared to recent years. A new research report from brokerage firm Credit Suisse estimated that more than 8,600 stores will close this year, up from the 2,065 that closed last year and the 5,077 store closures in 2015. Major retailers across the country have taken a hit...
WATCH: Amazon’s new shopping concept means never waiting in lines
WATCH: Amazon’s new shopping concept means never waiting in lines

Amazon is launching a new kind of brick-and-mortar store that means never having to wait in a line again. The new concept Amazon Go will give consumers “the world’s most advanced shopping technology so you never have to wait in line,” according to the online retail giant. Some industry experts are calling the concept the future of...
No more cookies: Kroger’s offering free piece of fruit for kids
No more cookies: Kroger’s offering free piece of fruit for kids

Kroger is promoting healthy living through a new initiative that gives kids free fruit to munch on while their parents do the grocery shopping. The Cincinnati-based grocery retailer piloted its “Free Fruit for Kids” program in several stores starting last year. Parents can grab a piece of fruit for their children to eat from the produce...
More Stories