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1225. Commercial Office Space--Overview for Selected Market Areas

[As of mid-October. 3,491,274 represents 3,491,274,000] Data based on responses from individuals knowledgeable in the local markets]

 
1998 1999
Net Net
Inventory Vacant space Vacancy Construction absorption 1 Inventory Vacant space Vacancy Construction absorption 1
MARKET AREAS (1,000 (1,000 rate (1,000 (1,000 (1,000 (1,000 rate (1,000 (1,000
sq. ft.) sq. ft.) (percent) sq. ft.) sq. ft.) sq. ft.) sq. ft.) (percent) sq. ft.) sq. ft.)
 
    United States, all market areas 3,491,274 305,624 8.8 119,764 111,526 3,459,729 308,762 8.9 139,856 116,112
Albany, NY 14,654 994 6.8 424 (NA) 14,517 886 6.1 696 -30
Albuquerque, NM 10,801 1,072 9.9 525 733 11,181 1,171 10.5 463 487
Allentown, PA 7,581 1,067 14.1 233 1,057 8,576 695 8.1 220 -57
Annapolis, MD 2,428 201 8.3 44 -172 2,653 98 3.7 0 231
Atlanta, GA 71,423 6,505 9.1 4,220 (NA) 107,335 12,190 11.4 6,062 5,341
Austin, TX 22,021 1,102 5.0 684 790 22,798 1,497 6.6 1,650 322
Baltimore, MD 39,001 4,559 11.7 450 245 39,539 3,856 9.8 1,445 2,532
Baton Rouge, LA 3,461 170 4.9 30 0 3,491 206 5.9 30 -6
Birmingham, AL 16,858 1,008 6.0 449 496 20,096 2,003 10.0 62 133
Boise, ID 10,108 689 6.8 537 51 5,928 683 11.5 283 989
Boston, MA 106,855 6,023 5.6 5,354 901 114,310 8,080 7.1 12,589 3,508
Bridgeport/Stratford, CT 7,619 844 11.1 351 437 7,792 1,282 16.5 0 -265
Bristol, VA 710 65 9.2 22 (NA) (NA) (NA) (NA) (NA) (NA)
Buffalo, NY 8,286 961 11.6 278 638 8,564 1,231 14.4 208 9
Charleston, SC 3,728 314 8.4 250 193 3,916 344 8.8 385 149
Charlotte, NC 24,541 1,610 6.6 2,837 1,721 27,730 2,447 8.8 4,400 1,882
Chattanooga, TN 4,219 231 5.5 0 60 4,257 239 5.6 85 47
Chicago, IL 148,604 17,517 11.8 2,814 3,848 148,717 17,271 11.6 4,234 -1,924
Cincinnati, OH 32,284 2,832 8.8 520 4,542 32,285 3,095 9.6 532 337
Cleveland, OH 36,144 4,396 12.2 650 1,491 36,379 3,900 10.7 899 731
Colorado Springs, CO 17,388 1,040 6.0 751 1,478 18,100 944 5.2 1,452 1,060
Columbia, SC 9,955 839 8.4 305 360 10,470 863 8.2 515 491
Columbus, OH 30,134 993 3.3 2,120 1,429 31,312 1,422 4.5 2,090 749
Contra Costa, CA 16,351 1,134 6.9 1,438 714 20,383 1,329 6.5 1,624 49
Corpus Christi, CA 2,789 534 19.2 (NA) -5 2,789 507 18.2 0 27
Dallas, TX 134,864 17,629 13.1 12,171 7,007 148,102 25,791 17.4 6,320 5,139
Dayton, OH 12,103 1,940 16.0 18 147 11,961 1,685 14.1 (NA) 264
Denver, CO 63,708 6,476 10.2 2,200 5,213 70,689 4,044 5.7 3,261 7,658
Des Moines, IA 9,228 884 9.6 88 168 9,228 852 9.2 15 31
Detroit, MI 72,876 4,221 5.8 870 1,472 74,776 3,415 4.6 805 2,706
El Paso, TX 6,850 864 12.6 120 175 7,173 942 13.1 (NA) 244
Fargo, ND 3,184 183 5.8 267 248 3,567 297 8.3 69 269
Fort Lauderdale, FL 15,293 1,596 10.4 1,258 1,219 31,285 2,081 6.7 777 1,084
Fort Wayne, IN 5,506 382 6.9 0 85 5,549 401 7.2 68 24
Fort Worth, TX 18,433 2,195 11.9 365 41 18,572 2,355 12.7 393 78
Fresno, CA 13,168 1,437 10.9 156 353 14,051 1,629 11.6 303 691
Gainesville, FL 2,165 88 4.1 46 61 2,285 74 3.2 228 135
Gary-Hammond-East Chicago, IN 3,248 180 5.5 55 94 3,383 187 5.5 90 127
Grand Rapids, MI 10,190 959 9.4 415 447 10,605 977 9.2 320 396
Greensboro, NC 14,181 1,859 13.1 423 369 14,351 1,939 13.5 565 91
Greenville, SC 5,014 585 11.7 325 474 5,985 1,058 17.7 347 497
Harrisburg, PA 35,300 841 2.4 230 816 35,630 1,300 3.6 240 -129
Hartford, CT 20,689 4,261 21 0 (NA) 21,767 4,160 19.1 0 1,179
Honolulu, Hawaii (NA) (NA) (NA) (NA) (NA) 11,737 1,677 14.3 0 -123
Houston, TX 103,619 7,268 7.0 3,369 3,053 107,620 9,231 8.6 5,360 2,758
Indianapolis, IN 19,759 2,318 11.7 791 600 21,506 2,049 9.5 308 1,261
Jacksonville, FL 22,669 2,291 10.1 1,760 1,695 15,005 1,522 10.1 1,170 1,438
Jackson, MS 17,452 485 2.8 136 972 17,632 755 4.3 220 -90
Kansas City, KS 44,646 2,999 6.7 2,872 570 47,364 2,760 5.8 2,420 2,956
Knoxville, TN 9,715 870 9.0 170 80 6,886 887 12.9 94 416
Lansing, MI 6,870 533 7.8 (NA) 863 7,378 424 5.8 1,098 617
Las Vegas, NV 13,936 1,625 11.7 950 1,777 15,562 1,878 12.1 1,092 1,132
Little Rock, AR 10,380 918 8.8 240 238 10,540 819 7.8 347 259
Los Angeles-Central, CA 27,836 5,120 18.4 (NA) -380 27,378 5,242 19.1 (NA) 785
Los Angeles-East, CA 2,740 247 9.0 40 117 1,840 147 8.0 60 18
Los Angeles-Inland Empire, CA 6,241 1,131 18.1 117 90 6,604 1,209 18.3 0 285
Los Angeles-Orange County, CA 53,810 4,611 8.6 1,201 3,167 54,378 4,193 7.7 3,058 -272
Los Angeles-San Fernando Valley, CA 31,601 3,792 12.0 600 494 32,076 3,464 10.8 425 803
Los Angeles-San Gabriel, CA 12,267 1,840 15.0 (NA) 1,195 (NA) (NA) (NA) (NA) (NA)
Los Angeles-South Bay, CA 29,707 5,494 18.5 377 997 29,898 4,520 15.1 82 1,097
Los Angeles-West, CA 46,829 3,893 8.3 951 1,753 40,427 3,319 8.2 650 797
Louisville, KY 14,196 1,841 13.0 450 424 14,636 1,840 12.6 225 341
Marin County, CA 5,494 339 6.2 15 109 5,599 193 3.4 105 146
Medford, OR 6,014 463 7.7 200 459 6,462 531 8.2 300 380
Melbourne, FL 4,211 592 14.1 44 89 4,397 592 13.5 60 186
Memphis, TN 20,432 1,436 7.0 846 77 17,374 1,313 7.6 2,240 (NA)
Miami, FL 28,729 2,758 9.6 1,296 973 30,626 3,155 10.3 1,429 1,175
Milwaukee, WI 25,577 2,555 10.0 165 451 25,900 2,630 10.2 550 245
Minneapolis/St. Paul, MN 48,058 2,974 6.2 3,238 1,159 49,315 4,028 8.2 4,888 202
Mobile, AL 3,363 450 13.4 46 180 3,577 527 14.7 90 107
Monroe, LA 4,929 47 1.0 220 80 4,994 104 2.1 359 8
Nashua, NH 1,891 229 12.1 106 -58 1,997 142 7.1 105 193
Nashville, TN 15,401 996 6.5 2,319 543 20,620 2,102 10.2 1,891 -1,842
New Haven, CT 12,500 2,060 16.5 290 300 13,900 2,115 15.2 390 360
New Jersey-Central 62,469 6,924 11.1 4,301 3,193 66,645 7,163 10.7 1,595 3,937
New Jersey-Northern 63,887 11,466 17.9 2,086 3,691 71,724 10,998 15.3 3,845 8,304
New Jersey-Southern 15,606 1,618 10.4 571 1,817 16,177 1,575 9.7 (NA) 4,810
New Orleans, LA 17,822 2,814 15.8 (NA) 140 (NA) (NA) (NA) (NA) (NA)
New York-Brooklyn/Queens, NY 68,576 5,500 8.0 (NA) -1,219 68,576 3,300 4.8 (NA) 2,200
New York-Long Island, NY 37,355 3,298 8.8 720 1,213 37,820 2,652 7.0 1,122 1,111
New York-Manhattan, NY 336,006 24,290 7.2 1,478 11,724 340,010 24,060 7.1 3,293 4,234
Norfolk, VA 18,008 1,008 5.6 721 1,492 18,829 1,291 6.9 129 537
Oakland, CA 15,190 3,209 21.1 275 (NA) 24,071 1,538 6.4 550 (NA)
Oklahoma City, OK 14,025 2,324 16.6 (NA) -43 (NA) (NA) (NA) (NA) (NA)
Omaha, NE 14,627 995 6.8 360 183 8,806 535 6.1 805 285
Orlando, FL 24,405 1,907 7.8 1,610 105 21,397 2,294 10.7 2,421 1,928
Philadelphia, PA 85,517 7,542 8.8 1,112 1,892 87,728 9,153 10.4 777 1,597
Phoenix, AZ 25,949 1,907 7.3 1,356 2,760 27,494 2,516 9.1 2,182 936
Pittsburgh, PA 33,602 4,107 12.2 241 -634 34,078 4,111 12.1 755 -265
Portland, ME 6,530 276 4.2 300 134 6,557 253 3.9 85 50
Portland, OR 18,556 1,399 7.5 2,098 802 17,563 1,327 7.6 1,230 683
Providence, RI 9,140 946 10.4 45 656 9,319 922 9.9 0 204
Quad Cities, IA/IL 2,962 158 5.3 60 (NA) 2,980 163 5.5 30 13
Raleigh, NC 22,642 1,235 5.5 2,311 2,112 24,748 1,766 7.1 2,194 1,792
Reno, NV 4,163 325 7.8 280 149 4,560 515 11.3 50 217
Richmond, VA 19,349 1,645 8.5 242 398 20,065 1,842 9.2 630 519
Roanoke, VA 2,797 333 11.9 39 51 (NA) (NA) (NA) (NA) (NA)
Rochester, NY 13,443 1,490 11.1 477 301 14,043 1,749 12.5 (NA) 340
Sacramento, CA 26,877 2,220 8.3 2,701 719 29,080 2,427 8.3 2,304 1,786
Saint Louis, MO 35,913 3,392 9.4 1,356 1,656 38,562 3,987 10.3 1,281 2,054
San Antonio, TX 16,833 1,956 11.6 446 47 17,261 2,109 12.2 680 274
San Diego, CA 59,708 4,368 7.3 462 2,010 61,768 4,614 7.5 2,370 2,589
San Francisco, CA 52,146 2,902 5.6 1,043 1,239 53,764 1,948 3.6 1,547 2,572
San Jose, CA 16,217 845 5.2 470 547 17,507 995 5.7 990 2,716
San Mateo, CA 18,385 446 2.4 705 -326 19,125 320 1.7 1,530 866
Savannah, GA 2,246 86 3.9 42 179 2,276 102 4.5 0 15
Seattle, WA 24,870 1,042 4.2 1,779 149 26,164 665 2.5 2,890 1,671
Shreveport, LA 3,621 879 24.3 (NA) 27 3,605 861 23.9 (NA) -53
Sioux City, IA 1,458 34 2.3 40 110 1,718 73 4.2 0 221
Sioux Falls, SD 1,838 206 11.2 21 100 1,911 177 9.3 214 102
Sonoma County, CA 4,736 509 10.7 91 254 9,514 762 8.0 440 248
South Bend, IN 2,916 252 8.6 140 237 3,089 393 12.7 79 32
Spokane, WA 4,853 348 7.2 (NA) 76 (NA) (NA) (NA) (NA) 15
Springfield, MA 3,400 265 7.8 (NA) 70 4,427 455 10.3 50 97
Stamford, CT 25,464 1,802 7.1 0 1,003 25,464 1,743 6.8 0 153
Syracuse, NY 9,211 1,427 15.5 0 249 9,361 1,270 13.6 0 157
Tampa, FL 22,161 2,048 9.2 1,078 810 23,054 1,864 8.1 1,275 1,077
Toledo, OH 6,674 1,265 18.9 107 131 6,928 1,295 18.7 213 196
Tucson, AZ 6,350 614 9.7 197 -108 6,569 430 6.5 250 403
Tulsa, OK 14,929 1,283 8.6 0 954 15,129 2,102 13.9 884 -619
Ventura/Oxnard, CA 9,375 1,225 13.1 200 260 9,600 1,000 10.4 570 450
Visalia, CA 2,750 127 4.6 15 106 2,905 54 1.9 150 228
Washington, DC 241,024 11,862 4.9 11,893 3,199 88,811 3,943 4.4 4,346 2,097
Washington, DC-Northern VA 107,876 3,680 3.4 7,472 2,601 116,771 3,901 3.3 10,165 6,810
Washington, DC-Suburban MD 63,550 4,938 7.8 1,243 1,564 65,942 4,807 7.3 2,845 1,131
West Palm Beach, FL 8,946 1,020 11.4 340 859 9,238 893 9.7 321 402
Wichita, KS 6,001 997 16.6 (NA) 24 7,735 1,646 21.3 (NA) 1,086
Wilmington, DE 11,002 1,103 10.0 113 407 11,373 1,089 9.6 0 981
Youngstown, OH 2,500 315 12.6 25 -5 2,585 320 12.4 25 5


NA Not available.
1 Net change in occupied stock.

Source: Society of Industrial and Office REALTORS, Washington DC, Comparative Statistics of Industrial and Office Real Estate Markets, annual (copyright).

http://www.sior.com/index.htm



https://allcountries.org/uscensus/1225_commercial_office_space_overview_for_selected.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.