THE SOUTH OFFICE AREA (SOA) – 2019 YE Vacancy Report

The SOA vacancy rate dropped for the second consecutive year, decreasing from 9.7% to 6.3%. (-3.4%)

Three SOA buildings had significant office leasing success, due in part to the relocations from the NOA mentioned aforehand. Continued demand decreased the available space in the SOA from 337,000 square feet in 2018 to just over 200,000 square feet. Only four SOA buildings have contiguous blocks of space measuring over 20,000 square feet.

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