Third-quarter 2000 office vacancies under 8 percent

February 01, 2001 |

Despite the amount of new office construction during the past six years, the market continued to be extremely tight last fall. The overall national office vacancy rate fell from 9.5 percent during third quarter 1999 to 7.7 percent during the same three months of 2000, according to data from the most recent survey conducted by commercial brokerage and research firm CB Richard Ellis. The level of vacancies in office buildings in the third quarter of 2000 was a slight 0.2 percent lower than during the second. The third-quarter vacancy rate for downtown office space was 6.2 percent, while the suburban rate was 8.6 percent.

 

Add new comment

Your Information
Your Comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Refresh Type the characters you see in this picture. Type the characters you see in the picture; if you can't read them, submit the form and a new image will be generated. Not case sensitive.  Switch to audio verification.
Overlay Init