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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]
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1998
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1999
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Net
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Net
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Inventory
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Vacant space
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Vacancy
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Construction
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absorption 1
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Inventory
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Vacant space
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Vacancy
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Construction
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absorption 1
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MARKET AREAS
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(1,000
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(1,000
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rate
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(1,000
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(1,000
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(1,000
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(1,000
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rate
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(1,000
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(1,000
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sq. ft.)
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sq. ft.)
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(percent)
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sq. ft.)
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sq. ft.)
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sq. ft.)
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sq. ft.)
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(percent)
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sq. ft.)
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sq. ft.)
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United States, all market areas
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3,491,274
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305,624
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8.8
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119,764
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111,526
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3,459,729
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308,762
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8.9
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139,856
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116,112
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Albany, NY
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14,654
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994
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6.8
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424
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(NA)
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14,517
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886
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6.1
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696
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-30
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Albuquerque, NM
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10,801
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1,072
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9.9
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525
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733
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11,181
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1,171
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10.5
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463
|
487
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Allentown, PA
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7,581
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1,067
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14.1
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233
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1,057
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8,576
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695
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8.1
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220
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-57
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Annapolis, MD
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2,428
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201
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8.3
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44
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-172
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2,653
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98
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3.7
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0
|
231
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Atlanta, GA
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71,423
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6,505
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9.1
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4,220
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(NA)
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107,335
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12,190
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11.4
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6,062
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5,341
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Austin, TX
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22,021
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1,102
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5.0
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684
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790
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22,798
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1,497
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6.6
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1,650
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322
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Baltimore, MD
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39,001
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4,559
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11.7
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450
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245
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39,539
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3,856
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9.8
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1,445
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2,532
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Baton Rouge, LA
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3,461
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170
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4.9
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30
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0
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3,491
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206
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5.9
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30
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-6
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Birmingham, AL
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16,858
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1,008
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6.0
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449
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496
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20,096
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2,003
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10.0
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62
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133
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Boise, ID
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10,108
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689
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6.8
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537
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51
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5,928
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683
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11.5
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283
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989
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Boston, MA
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106,855
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6,023
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5.6
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5,354
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901
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114,310
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8,080
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7.1
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12,589
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3,508
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Bridgeport/Stratford, CT
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7,619
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844
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11.1
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351
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437
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7,792
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1,282
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16.5
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0
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-265
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Bristol, VA
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710
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65
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9.2
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22
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(NA)
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(NA)
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(NA)
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(NA)
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(NA)
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(NA)
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Buffalo, NY
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8,286
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961
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11.6
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278
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638
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8,564
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1,231
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14.4
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208
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9
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Charleston, SC
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3,728
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314
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8.4
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250
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193
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3,916
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344
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8.8
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385
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149
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Charlotte, NC
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24,541
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1,610
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6.6
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2,837
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1,721
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27,730
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2,447
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8.8
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4,400
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1,882
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Chattanooga, TN
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4,219
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231
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5.5
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0
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60
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4,257
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239
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5.6
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85
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47
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Chicago, IL
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148,604
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17,517
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11.8
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2,814
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3,848
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148,717
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17,271
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11.6
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4,234
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-1,924
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Cincinnati, OH
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32,284
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2,832
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8.8
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520
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4,542
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32,285
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3,095
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9.6
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532
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337
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Cleveland, OH
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36,144
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4,396
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12.2
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650
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1,491
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36,379
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3,900
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10.7
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899
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731
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Colorado Springs, CO
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17,388
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1,040
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6.0
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751
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1,478
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18,100
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944
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5.2
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1,452
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1,060
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Columbia, SC
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9,955
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839
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8.4
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305
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360
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10,470
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863
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8.2
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515
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491
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Columbus, OH
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30,134
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993
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3.3
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2,120
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1,429
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31,312
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1,422
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4.5
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2,090
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749
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Contra Costa, CA
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16,351
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1,134
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6.9
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1,438
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714
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20,383
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1,329
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6.5
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1,624
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49
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Corpus Christi, CA
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2,789
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534
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19.2
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(NA)
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-5
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2,789
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507
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18.2
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0
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27
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Dallas, TX
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134,864
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17,629
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13.1
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12,171
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7,007
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148,102
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25,791
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17.4
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6,320
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5,139
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Dayton, OH
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12,103
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1,940
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16.0
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18
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147
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11,961
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1,685
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14.1
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(NA)
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264
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Denver, CO
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63,708
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6,476
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10.2
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2,200
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5,213
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70,689
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4,044
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5.7
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3,261
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7,658
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Des Moines, IA
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9,228
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884
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9.6
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88
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168
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9,228
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852
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9.2
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15
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31
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Detroit, MI
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72,876
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4,221
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5.8
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870
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1,472
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74,776
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3,415
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4.6
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805
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2,706
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El Paso, TX
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6,850
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864
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12.6
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120
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175
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7,173
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942
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13.1
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(NA)
|
244
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Fargo, ND
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3,184
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183
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5.8
|
267
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248
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3,567
|
297
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8.3
|
69
|
269
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Fort Lauderdale, FL
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15,293
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1,596
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10.4
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1,258
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1,219
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31,285
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2,081
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6.7
|
777
|
1,084
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Fort Wayne, IN
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5,506
|
382
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6.9
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0
|
85
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5,549
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401
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7.2
|
68
|
24
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Fort Worth, TX
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18,433
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2,195
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11.9
|
365
|
41
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18,572
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2,355
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12.7
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393
|
78
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Fresno, CA
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13,168
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1,437
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10.9
|
156
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353
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14,051
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1,629
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11.6
|
303
|
691
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Gainesville, FL
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2,165
|
88
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4.1
|
46
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61
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2,285
|
74
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3.2
|
228
|
135
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Gary-Hammond-East Chicago, IN
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3,248
|
180
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5.5
|
55
|
94
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3,383
|
187
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5.5
|
90
|
127
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Grand Rapids, MI
|
10,190
|
959
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9.4
|
415
|
447
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10,605
|
977
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9.2
|
320
|
396
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Greensboro, NC
|
14,181
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1,859
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13.1
|
423
|
369
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14,351
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1,939
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13.5
|
565
|
91
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Greenville, SC
|
5,014
|
585
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11.7
|
325
|
474
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5,985
|
1,058
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17.7
|
347
|
497
|
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Harrisburg, PA
|
35,300
|
841
|
2.4
|
230
|
816
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35,630
|
1,300
|
3.6
|
240
|
-129
|
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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
|
| |