THE DOWNTOWN OFFICE AREA (DOA)
2019 YE Vacancy Report
The DOA vacancy rate decreased from 6.8% to 5.7% in 2019. (-1.1%)
There were eleven downtown office buildings reporting a higher vacancy rate than in 2018, and four buildings reporting a lower vacancy rate, with no fluctuation in the remaining buildings. Swisher Commercial brokers are reporting steady leasing activity in the DOA, with interest being stronger in the second half of the year. The DOA continues to be attractive to technology and software companies that want to improve their ability to attract and retain tech talent for their workforce by locating amidst the amenities available in downtown Ann Arbor.