Feb
09

Greenville Office Vacancy Rose in 2009, Asking Price Remained Steady

By
– GSA Business

Vacancy rates for Class A office space in Greenville rose to 22.2% in the central business district and 22.3% in the suburban market, according to a 2009 report recently released by Bentley Commercial LLC. In 2008, CBD and suburban office rates were 18.7% and 15.7%, respectively.

“While net absorption for 2009 was 8,676 square feet, the availability rate rose due to Carolina First putting 275,000 square feet of Class A space on the rental market instead of occupying the space,” the report said. “The average asking PSF (per square foot) rental rate remained steady at $14.75 PSF.”

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/news/32825-office-vacancy-rose-in-2009-asking-price-remained-steady
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