Office Vacancy Rates Climbed Last Year in Area

Summary


DAYTON -- The amount of office space sitting empty in downtown Dayton and many of the suburbs climbed last year, according to a study.

Across the region, nearly 3.2 million square feet office space was empty when the study was conducted last year, according to a study by Gem Real Estate Group, a Dayton-based brokerage and research firm. This translates into a vacancy rate of 21.27 percent, compared with 18.2 percent during the prior year, the study said.

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Office Vacancy Rates Climbed Last Year in Area

While downtown Dayton's vacancy rates grew in 2008, the total amount of new vacant space coming on the marke...

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