Since the first quarter of 2003, more than 860,000 sf of class Aspace has been absorbed. Class B and class C properties experienced536,000 sf of negative absorption during that time.
The overall vacancy rate for all classes of space is currently20.6%, including 1.4 million sf of sublease space. The amount oflisted sublease space increased 190,000 sf during the secondquarter, but it is down 19% from this time last year.
Overall vacancy has remained essentially unchanged over the pastyear inching up 0.2% from the second quarter of 2004. Centralbusiness district vacancy dropped 0.2% to 23.0% during the yearwhile suburban vacancy increased 0.6% to 18.6%.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
