|
| Vacancy Rate |
| CBD Office |
10/07 |
2/08 |
10/08 |
2/09 |
| Class A |
|
|
|
|
| Surveyed Sq. Ft. |
1,003,545 (8) |
956,355 (7) |
1,081,086 (9) |
1,092,178 (9) |
| Vacant Sq. Ft. |
138,647 |
131,006 |
78,492 |
104,879 |
| Vacant % |
13.82% |
13.70% |
7.26% |
9.60% |
| Ave rental rate (per sq. ft.) |
$18.62 |
$18.31 |
$18.67 |
$18.94 |
| Avg recent rental* |
$20.28 |
$20.31 |
$24.58 |
$24.59 |
| Class B |
|
|
|
|
| Surveyed Sq. Ft. |
1,617,698 (37) |
1,621,301 (39) |
1,531,899 (38) |
1,551,045 (39) |
| Vacant Sq. Ft. |
210,070 |
206,091 |
290,693 |
298,030 |
| Vacant % |
12.99% |
12.71% |
18.98% |
19.21% |
| Ave rental rate* |
$15.73 |
$15.78 |
$15.74 |
$15.60 |
| Avg recent rental rate* |
$15.87 |
$16.30 |
$15.85 |
$15.88 |
| Class C |
|
|
|
|
| Surveyed Sq. Ft. |
118,704 (7) |
176,002 (9) |
176,002 (9) |
176,002 (9) |
| Vacant Sq. Ft. |
10,523 |
9,750 |
7,741 |
15,420 |
| Vacant % |
8.86% |
5.54% |
4.40% |
8.76% |
| Ave rental rate* |
$13.11 |
$11.72 |
$11.72 |
$11.71 |
| Avg recent rental rate* |
$13.11 |
$12.09 |
$12.09 |
$12.03 |
| Total |
|
|
|
|
|
2,739,947 (52) |
2,753,658 (55) |
2,788,987 (56) |
2,819,225 (57) |
|
359,240 |
346,847 |
376,926 |
418, 329 |
|
13.11% |
12.60% |
13.51% |
14.84% |
Source: 2/07, 10/07, and 2/08: Auble, Jolicoeur and Gentry (509-747-0999). The Real Estate Report Spring 2009
Note: Parenthesis denotes no. of buildings surveyed.
*per square ft.
|
