|
THE
SCHENK
COMPANY,
INC. |
|
|
| |
|
Columbus Office Vacancy and Rental Rates |
|
May 2007 |
|
Market |
Num of
Bldgs |
Total RSF |
Direct
Vacant |
Vacancy
Rate |
Sublease
Available |
Vacancy
w/Sublet |
Average
Rent Rate |
|
Central Business District |
102 |
10,860,845 |
2,069,202 |
19.1% |
150,788 |
20.4% |
$18.40 |
|
North |
180 |
9,913,567 |
2,078,735 |
21.0% |
40,339 |
21.4% |
$15.61 |
|
NorthEast |
146 |
6,738,267 |
945,715 |
14.0% |
99,534 |
15.5% |
$18.10 |
|
NorthWest |
346 |
10,903,604 |
1,885,785 |
17.3% |
101,446 |
18.2% |
$16.63 |
|
Outlying |
21 |
834,646 |
112,642 |
13.5% |
96,615 |
25.1% |
$16.02 |
|
SouthEast |
94 |
2,704,419 |
613,783 |
22.7% |
19,715 |
23.4% |
$14.77 |
|
SouthWest |
16 |
202,956 |
43,836 |
21.6% |
17,516 |
30.2% |
$15.27 |
|
Grand Total |
905 |
42,158,304 |
7,749,698 |
18.4% |
525,953 |
19.6% |
$16.94 |
|
| |
|
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). Average Rent 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).
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| |
|
Commercial Real
Estate Advisory Services |
|
1350 W. Fifth
Avenue Suite 224 ● Columbus, Ohio 43212
● 614-487-1972 ●
Fax: 614-635-3442 |
|
www.irepthetenant.com |
|
|