The percentage of vacant Class A office space in the Central Business District dropped from 16.41% in the 2nd Quarter of 2007 to 6.32% in the 3rd Quarter of 2007. This brings Class A office occupancy to 86.83% for the 3rd Quarter of 2007.
The percentage of vacant Class B office space in the CBD dropped from 10.13% in the 2nd Quarter of 2007 to 0.10% in the 3rd Quarter of 2007. This brings Class B office occupancy to 90.71% for the 3rd Quarter of 2007.
OFFICE MARKET STATISTICS FOR 3RD QUARTER, 2007 PROVIDED BY SOUTHPACE PROPERTIES
|
Building Name |
Class |
Year Built |
# of Floors |
Total Sq/Ft |
Current Vacancy Sq/Ft |
Previous Vacancy Rate |
Current Occupancy |
Occupancy Rate |
|
2 North 20th Street |
A |
1968/1998 |
17 |
208,337 |
40,000 |
0.29% |
168,337 |
80.80% |
|
Colonial Plaza |
A |
1982 |
12 |
170,850 |
26,138 |
17.46% |
144,712 |
84.70% |
|
Concord Center |
A |
2002 |
11 |
152,222 |
64,022 |
42.70% |
88,200 |
57.94% |
|
Daniel Building |
A |
1970 |
19 |
305,899 |
0 |
0.00% |
305,899 |
100.00% |
|
Financial Center |
A |
1982 |
17 |
311,201 |
30,000 |
14.46% |
281,201 |
90.36% |
|
Medical Forum Building |
A |
1992 |
10 |
205,000 |
10,500 |
0.13% |
194,500 |
94.88% |
|
One Federal Place |
A |
2002 |
11 |
300,403 |
36,201 |
0.12% |
264,202 |
87.95% |
|
Park Place Tower |
A |
1981 |
15 |
278,000 |
52,820 |
0.30% |
225,180 |
81.00% |
|
Regions Bank Building |
A |
1974 |
18 |
190,000 |
0 |
0.00% |
190,000 |
100.00% |
|
Regions (AmSouth)Tower |
A |
1972 |
30 |
435,351 |
0 |
0.00% |
435,351 |
100.00% |
|
Regions-Harbert Plaza |
A |
1990 |
32 |
569,845 |
0 |
0.03% |
569,845 |
100.00% |
|
Wachovia Tower |
A |
1986 |
32 |
511,000 |
182,503 |
0.36% |
328,497 |
64.29% |
|
|
|
|
Totals |
3,638,108 |
442,184 |
6.32% |
3,195,924 |
86.83% |
|
|
|
|
|
|
|
|
|
|
|
Building Name |
Class |
Year Built |
# of Floors |
Total Sq/Ft |
Current Vacancy Sq/Ft |
Previous Vacancy Rate |
Current Occupancy |
Occupancy Rate |
|
Avon Building |
B |
1985 |
2 |
24,000 |
0 |
0.04% |
24,000 |
100.00% |
|
Dr. Pepper Bldg. |
B |
1990 |
3 |
29,850 |
0 |
0.00% |
29,850 |
100.00% |
|
Farley Building |
B |
1986 |
9 |
35,096 |
4,000 |
0.11% |
31,096 |
88.60% |
|
Frank Nelson Building |
B |
1910 |
10 |
110,000 |
6,000 |
0.09% |
104,000 |
94.55% |
|
Ideal Building |
B |
1986 |