THE WEST OFFICE AREA (WOA) – 2019 YE Vacancy Report

The West Office Area vacancy rate was cut in half, dropping from 12.7% to 6.0% in 2019. (-6.7%)

This was due to consistent demand all year for WOA office space. Another factor in the drop of this year’s rate is attributed to the sale of a 35,000 square foot building to an owner-user, thereby eliminating it from this year’s report. Last year, that building comprised 50% of the WOA total vacancy. As of year-end, just over 25,000 square feet of WOA space remains vacant, with 18 of the 22 buildings in the WOA being fully occupied.

Visit the Swisher Commercial website to read current and historic vacancy reports.

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