Office Market Vacancy and Lease Rates (Q1)
Downtown Financial Inventory (sq. ft.) Vacancy (sq. ft.) Vacancy Rate (%) Average Lease Rates ($/sq. ft.)
  2017 2018 2017 2018 2017 2018 2017 2018
Class AAA 1,785,500 1,785,000 290,245 185,582 16.3 10.4 36.00 35.00
Class A 7,912,176 7,659,444 1,561874 1,514,206 19.7 19.8 21.25 22.25
Class B 2,015,681 1,988,921 291,226 210,371 14.4 10.6 16.50 15.25
Class C 1,088,773 1,078,675 32,491 66,391 3.0 6.2 14.00 15.25
Downtown overall1 18,700,993 18,121,583 2,852,225 2,602,090 15.3 14.4 17.50 20.75
Suburban overall2 13,253,299 13,199,933 1,966,007 2,101840 14.8 15.9 17.00 16.50
Source: AvisonYoung
1. Includes Government buildings that are not shown
2. Data for suburban office space is not shown

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