Category Archives: Office

CB Richard Ellis Office Market Survey Q2 2008


Creative Commons License photo credit: Joshua Davis (jdavis.info)

CB Richard Ellis – Albany has released the Office Market Survey for the second quarter of 2008. The survey reports increased office vacancy throughout the Capital Region during the second quarter, while lease rates remained relatively flat. The vacancy rate for all office classes across the region stood at 11.2 percent, up from 10.4 percent in fall 2007.  Nationally, the second quarter office vacancy rate was 13.6 percent.

The vacancy rate across all office classes in downtown Albany increased from 10.7 percent (fall 2007) to 12.7 percent. Downtown Schenectady had the lowest city office vacancy rate, 5.6 percent.

The survey was reported in the Times-Union and Business Review newspapers.

CB Richard Ellis Office Market Report Q2 2007

Charlotte Skyline Sunset
Creative Commons License photo credit: James Willamor

CB Richard Ellis -Albany has released their Office Market Report for the second quarter of 2007. The report shows overall office vacancy down from 10.12% to 9.17%, net absorption and construction down, and lease rates steady over the last year.

Read the entire report at www.CBRE.com.