Sep
22

Greenville Office Market Shows 17.2% ‘Availability Rate’

By
– GSADaily

Vacant office space available from landlords, plus sublease space, is at 17.2% in Greenville, according to a recently released mid-year report from Spectrum Commercial Properties.

The vacancy rate alone in Greenville is 12.3%, below the 12.9% national rate reported by CoStar Group Inc.

“Most consider the vitality of Class A space to be the true barometer of the office market,” said the report. “The overall Class A availability rate was 20.4%, with the CBD (central business district) availability rate being 17%, while the suburban Class A availability rate was 21.7%.”

That 20.4% may be a mixed blessing for the office market with three major Class A buildings on the market that could accommodate a corporate or regional headquarters, or a major call center, the report said.

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