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Office Vacancy and Rental Rates
Region Num of
Bldgs
Total RSF Direct
Vacant
Vacancy
Rate
Sublease
Available
Vacancy
w/Sublet
Future
Available
Average
Rent Rate
Cincinnati 1,195 54,295,173 7,596,214 13.99% 316,481 14.57% 86,463 $17.22
Columbus 1,061 48,785,848 7,745,095 15.88% 145,211 16.17% 538,414 $17.24
Denver 1,336 97,951,603 18,600,195 18.99% 906,505 19.91% 302,597 $21.18
Portland 1,163 54,814,948 6,993,892 12.76% 267,435 13.25% 74,465 $20.99
Seattle 2,432 120,673,046 17,774,378 14.73% 1,676,833 16.12% 1,942,982 $27.18
Spokane 345 10,314,987 1,587,186 15.39% 15,251 15.54% 3,796 $16.99
Mpls./St. Paul 513 52,748,613 9,042,732 17.14% 12,000 17.17% 932,730 $18.53

Notes - Statistics are based on existing buildings that are available for lease (and do not include owner occupied buildings, government buildings or buildings that are under construction or proposed). Future Available includes buildings that are under construction. Average Rent (Asking) Rates are calculated on a full-serviced lease basis, using a weighted average (the bigger the building, the more impact it has on the average). Data is current as of July 24, 2017.


Industrial/Flex Vacancy and Shell Rates
Region Num of
Bldgs
Total
Sq.Ft.
Direct
Vacant
Vacancy
Rate
Sublease
Available
Vacancy
w/Sublet
Future
Available
Average
Shell Rate
Cincinnati 1,485 102,111,693 18,591,995 18.21% 1,199,596 19.38% 196,799 $3.80
Columbus 1,105 105,359,546 15,836,620 15.03% 564,706 15.57% 306,490 $2.79
Denver 1,081 57,928,393 12,586,216 21.73% 707,126 22.95% 309,958 $4.91
Mpls./St. Paul 760 62,483,458 15,434,242 24.70% 31,600 24.75% 63,450 $4.37
Portland 1,824 85,708,127 14,997,492 17.50% 946,641 18.60% 789,645 $7.78
Seattle 3,021 148,722,886 20,434,126 13.74% 1,310,407 14.62% 1,224,504 $5.56
Spokane 193 8,992,226 2,128,988 23.68% 111,448 24.92% 3,000 $9.47

Notes - Statistics are based on existing buildings that are available for lease (and do not include owner occupied buildings, government buildings or buildings that are under construction or proposed). Future Available includes buildings that are under construction. Average Shell Rates are calculated on a net lease basis, using a weighted average (the bigger the property, the more impact it has on the average). Data is current as of July 23, 2017.


Retail Vacancy and Rental Rates
Region Num of
Bldgs
Total
Sq.Ft.
Direct
Vacant
Vacancy
Rate
Sublease
Available
Vacancy
w/Sublet
Future
Available
Average
Rent Rate
Cincinnati 613 27,300,127 2,297,279 8.41% 112,484 8.83% 7,336 $15.18
Columbus 602 41,971,800 3,273,872 7.80% 3,000 7.81% 119,527 $13.84
Denver 256 9,213,044 1,226,548 13.31% 3,292 13.35% 7,082 $15.53
Portland 972 36,458,375 1,736,493 4.76% 18,629 4.81% 118,895 $19.09
Seattle 2,347 60,361,956 5,535,752 9.17% 99,213 9.34% 510,634 $23.01
Spokane 177 4,647,514 910,107 19.58% 12,888 19.86% 22,100 $13.73

Notes - Statistics are based on existing buildings that are available for lease (and do not include owner occupied buildings, government buildings or buildings that are under construction or proposed). Future Available includes buildings that are under construction. Average Rent (Asking) Rates are calculated on a net lease basis, using a weighted average (the bigger the property, the more impact it has on the average). Data is current as of July 23, 2017.



 

 
 

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