Jun
08

Occupancy Rate for Office Market in Columbia’s CBD Remains Stable

By
– Midlandsbiz.com

As of May 31, 2009, the occupancy rate for the office market in Columbia’s Central Business District (CBD) stood at 87.01%. This rate compares to 87.47% at year-end 2008, and 87.39% at mid-year 2008. Thus far, Columbia’s CBD has weathered the economic storm which has adversely affected many markets across the Southeast. We have long touted the stability of the Columbia office market due to the lack of any significant single market driver, and due to stable components such as state government, the University of South Carolina and Fort Jackson. However, of these three foundations in the Columbia market, two are showing signs of weakness due to state budget cuts. The corporate community in Columbia and the CBD has thus far withstood the challenges of this economy which is quite an accomplishment.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.midlandsbiz.com/news/headlines/367/
Be Sociable, Share!
    Categories : Columbia

    Comments are closed.