Docstoc

B2

Document Sample
B2 Powered By Docstoc
					                                                                         Table B-2.
                                                              Trends in Nonresidential Vacancy

Type                                             1997        1998       1999        2000       2001       2002       2003        2004       2005    2006   2007*
High Density Office                              0.0%        0.0%       0.0%        0.0%      13.0%      13.0%      13.0%       13.0%      12.4%   12.4%    6.0%
Low Density Office                               2.1%        4.8%       7.8%        9.7%      16.9%      17.4%      13.6%        9.0%       7.9%    9.7%   15.7%
Retail                                          13.5%       13.3%      10.1%        9.5%      10.0%       8.0%       6.2%        3.0%       3.0%    2.0%    2.7%
Other                                           10.8%       10.6%       8.1%        7.0%       8.0%       7.0%       6.8%        8.0%       5.6%    5.0%    5.0%
Flex/Light Industrial                            5.4%        5.2%       1.9%        5.4%      18.9%      21.4%      19.2%       15.9%      15.1%   13.3%   14.2%
Heavy Industrial                                   NA          NA         NA          NA         NA         NA         NA          NA         NA      NA      NA
Note: Vacancy rates are calculated for all commercial space, including owner-occupied.
The commercial real estate industry typically reports vacancy rates for "available" space which is generally rental space.
*Through 3rd quarter
Source: Costar Realty Information, Inc. (10-1-2007) adjusted by category for office and flex/industrial (Base data from Growth Summary).




                                                             2007 Fiscal Impact Committee Guidelines                                                               Page B-2.