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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 |
1,159 |
53,511,527 |
7,315,062 |
13.67% |
239,618 |
14.12% |
107,985 |
$17.21 |
| Columbus |
1,016 |
47,305,704 |
7,744,888 |
16.37% |
230,693 |
16.86% |
423,771 |
$17.07 |
| Denver |
1,331 |
97,634,426 |
16,494,733 |
16.89% |
689,680 |
17.60% |
2,444,012 |
$21.17 |
| Portland |
1,163 |
54,814,948 |
6,801,009 |
12.41% |
267,435 |
12.90% |
282,971 |
$20.99 |
| Seattle |
2,364 |
119,861,297 |
17,188,224 |
14.34% |
2,195,170 |
16.17% |
2,820,321 |
$26.23 |
| Spokane |
328 |
10,125,559 |
1,761,284 |
17.39% |
13,619 |
17.53% |
6,235 |
$17.09 |
| Mpls./St. Paul |
512 |
52,636,213 |
9,094,208 |
17.28% |
0 |
17.28% |
930,240 |
$18.54 |
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 May 17, 2012.
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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 |
1,438 |
100,051,502 |
17,743,212 |
17.73% |
1,354,596 |
19.09% |
345,682 |
$3.76 |
| Columbus |
1,009 |
98,933,793 |
18,402,835 |
18.60% |
1,019,396 |
19.63% |
547,855 |
$3.42 |
| Denver |
1,078 |
57,594,611 |
12,336,942 |
21.42% |
707,126 |
22.65% |
351,823 |
$4.95 |
| Mpls./St. Paul |
760 |
62,483,458 |
15,460,066 |
24.74% |
31,600 |
24.79% |
60,000 |
$4.37 |
| Portland |
1,824 |
85,708,127 |
14,968,939 |
17.47% |
946,641 |
18.57% |
818,198 |
$7.78 |
| Seattle |
2,925 |
145,219,644 |
21,500,369 |
14.81% |
2,414,552 |
16.47% |
3,500,394 |
$5.57 |
| Spokane |
185 |
8,755,806 |
2,052,117 |
23.44% |
72,000 |
24.26% |
3,000 |
$10.08 |
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 May 13, 2012.
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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 |
568 |
26,231,724 |
2,024,733 |
7.72% |
44,680 |
7.89% |
20,560 |
$15.21 |
| Columbus |
569 |
41,130,540 |
3,206,272 |
7.80% |
195 |
7.80% |
121,458 |
$13.84 |
| Denver |
255 |
9,188,711 |
1,218,461 |
13.26% |
6,032 |
13.33% |
22,455 |
$15.70 |
| Portland |
972 |
36,458,375 |
1,735,298 |
4.76% |
18,629 |
4.81% |
120,740 |
$19.09 |
| Seattle |
2,290 |
58,921,774 |
5,477,389 |
9.30% |
152,893 |
9.56% |
527,005 |
$22.98 |
| Spokane |
172 |
4,426,396 |
872,970 |
19.72% |
11,444 |
19.98% |
32,827 |
$13.86 |
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 May 13, 2012.
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