Jul
02

Columbia Office Occupancy Rate Drops

By
– Columbia Regional Business Report

The Columbia office market occupancy rate dropped 2% in the second quarter of 2009 compared to the same period in 2008 with an addition 145,614 square feet coming available, according to Colliers Keenan commercial real estate company.

The occupancy rate fell from 84.72% at year-end 2008 to 82.02% at mid-year 2009 for all classes of office space combined. Although the U.S. entered into a recession nearly 18 months ago, the Columbia office market started to feel the negative impact in the real estate sector during the first six months of 2009.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.columbiabusinessreport.com/news/28408-columbia-office-occupancy-rate-drops?rss=0
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