Article

The List

By Hannah Wallace September 30, 2010

OFFICE VACANCY RATES

Manatee County Office Space Report*

 Building        Total SF         Vacant SF      % Vacant       Sublease SF 2007     2008     2009     2010

Lakewood Ranch          1,079,107          115,791 10.73% 52,086 54,283 -4,395   -6,232   10,853

University Parkway       268,695 45,918 17.09% 19,284 31,233 -3,662   -12,835 8,405


Downtown        876,221 277,808 31.71% 2,500    32,259 -53,526 -79,149 13,642 


Other   1,452,807          338,705 23.31% 17,000 75,139 28,573 -24,897 -30,785


TOTAL 3,676,830          778,222 21.17%            110,870 192,914 -33,010 -123,113            32,115


Net absorption


Sarasota County Office Space Report*

 Building        Total SF         Vacant SF      % Vacant       Sublease SF 2007     2008     2009     2010


Downtown Sarasota    2,474,747          333,095 13.46% N/A       -84,598 -98,788 -57,998 8,018  


University Parkway       1,378,165          180,679 13.11% N/A       55,499 -10,637 71,494 66,973

 

I-75 Fruitville     1,814,530          446,913 24.63% N/A       6,462    -37,724 -17,960 -57,903 

South to Clark 


Venice384,527 108,059 28.10% N/A            N/A       N/A       N/A       -23,349


North Port        345,740 105,600 30.54% N/A       N/A       30,000 35,621 23,300


Surburban/South Trail   393,532 115,222 29.28% N/A       N/A       -6,168   -3,032   -5,670


TOTAL 6,791,241          1,289,568          18.99% N/A       -22,637 -123,317            28,125 11,369

Net absorption


*Reports dated September 2010. Manatee Report includes buildings of 10,000 square feet and above. Sarasota Report includes downtown buildings of 30,000 square feet and above; all other areas are 10,000 square feet and above.

 

SOURCES: Sarasota Economic Development Corporation’s Real Estate Oversight Committee and Manatee Office Vacancy Exchange.
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