2016 Year-End Vacancy Report

For a detailed breakdown

Thank you for downloading, sign up now to stay current in 2017!

ANN ARBOR OFFICE/FLEX MARKET

As of December 31st 2016, the total market vacancy rate for office and flex space is 8.7%, a fraction higher than the 8.5% vacancy rate one year ago.

FLEX

In the past year, flex vacancy rates decreased from 12.5% to 6.5%. (-6.0%)

OFFICE

The office vacancy rate increased from 7.1% to 9.4%. (+2.3%)

TOTAL VACANCY RATE PER YEAR

––– Office

––– Flex

––– Total

STATISTICAL SUMMARY
Area # Blds Gross sf Vacant sf YE 2016 Vac % YE 2015 Vac % % Chg.
OFFICE
Downtown 63 1,659,744 34,193 2.1% 2.1% 0.0%
North 36 2,582,444 79,121 3.1% 3.5% -0.4%
East 35 637,974 105,801 16.6% 18.7% -2.1%
CGMA 10 501,543 31,957 6.4% 7.0% -0.6%
South 70 3,438,314 557,768 16.2% 10.3% 5.9%
West 21 446,795 62,151 13.9% 4.2% 9.7%
Total 235 9,266,814 870,991 9.4% 7.1% -2.3%
FLEX
South 49 2,407,866 134,847 5.6% 13.1% -7.5%
West 17 516,508 54,876 10.6% 9.7% 0.9%
Total 66 2,924,374 189,723 6.5% 12.5% -6.0%
TOTAL
Downtown 63 1,659,744 34,193 2.1% 2.1% 0.0%
North 36 2,582,444 79,121 3.1% 3.5% -0.4%
East 35 637,974 105,801 16.6% 18.7% -2.1%
CGMA 10 501,543 31,957 6.4% 7.0% -0.6%
South 119 5,846,180 692,615 11.8% 11.5% 0.3%
West 38 963,303 117,027 12.1% 7.1% 5.0%
Total 301 12,191,188 1,060,714 8.7% 8.5% -0.2%