The List: Office Vacancy Rates

By Beau Denton June 30, 2012

Office Vacancy Rates in Sarasota and Manatee*Sarasota County                          June 2012       Jan. 2006          Feb. 2009

Downtown Sarasota                       12.76%           2.87%              11.06%

LWR & University Pkwy                  14.72%           6.23%              17.96%

1-75 at Fruitville Road,

South to Clark Road                       26.57%           4.70%               21.32%

Venice                                           24.74%           18.95%              22.03%

North Port                                     45.93%            18.95%              35.13%

Suburban & S. Trail                      30.46%            12.14%              26.65%

Average vacancy rate                  20.51%               5.95%              17.82%


Manatee County                      June 2012           Dec. 2006          Nov. 2009

Lakewood Ranch                      8.98%                   4.07%               14.75%

University Pkwy other               8.36%                    N/A                   28.43%

Downtown Bradenton               36%                     12.67%                32.60%

Other-Suburban                       20.70%                 8.70%                   25.39%

Average vacancy rate             20.04%                  19.67%                 23.92%


*Includes 10,000-square-foot and above buildings and parks. Data is provided by commercial agents and property owners. Venice and North Port numbers are best estimates.

Source: Janet K. Robinson, commercial director for Sarasota/Manatee/Charlotte region, Coldwell Banker Commercial; Brian Kennelly, president, LWR Commercial Realty; Manatee EDC


Extra! Extra!Architects In The News

Molto Bene!

Sarasota architects Jerry Sparkman and Todd Sweet of TOTeMS Architecture are among only 30 architectural firms invited to exhibit at the 2012 Venice Architectural Biennale, part of a major biannual international art exhibition that attracts many of the most talented artists and performers from around the world. Their exhibit, in the 15th century Palazzo Bembo on Venice’s Grande Canal, will incorporate two tons of Siesta Key sand. The Venice Biennale ( runs from Aug. 29 through Nov. 25.

Young and Beautiful

Michael Halflants and John Pichette of Halflants + Pichette Design/Build received the American Institute of Architects 2012 National Young Architect Award. The award is given to individuals who have shown exceptional leadership and made significant contributions to the profession in an early stage of their architectural career. The award was presented in Washington, D.C., at the National AIA convention.

In Print

The first book by Carl Abbott, In/Formed by the Land: The Architecture of Carl Abbott, will be published by international architecture publisher Oro this fall. Abbott's work is currently on exhibit at Ringling College's Selby Gallery.

Filed under
Show Comments