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Office/Flex Space Vacancy Rates & Inventory by Subarea
Montgomery County
Vacancy Rates
Inventory (in square feet)
Montgomery County Office/Flex Space Vacancy Rates by Subarea
(1st Qtr)
| Year |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Bethesda/Chevy Chase |
4.5% |
6.5% |
13.8% |
14.3% |
14.4% |
12.2% |
7.7% |
| North Bethesda/Potomac |
3.1% |
4.9% |
9.3% |
10.7% |
11.0% |
10.1% |
8.7% |
| Kensington/Wheaton |
5.2% |
5.4% |
5.7% |
5.4% |
7.1% |
6.3% |
5.1% |
| Gaithersburg |
7.3% |
9.6% |
6.6% |
7.7% |
10.7% |
9.5% |
9.6% |
| Germantown |
3.1% |
10.1% |
25.8% |
29.2% |
30.3% |
19.0% |
11.1% |
| Rockville |
5.9% |
6.9% |
10.2% |
9.5% |
10.7% |
9.2% |
7.6% |
| North Rockville |
7.5% |
4.5% |
9.6% |
13.0% |
12.2% |
10.3% |
9.1% |
| Silver Spring |
14.7% |
11.7% |
12.9% |
10.5% |
10.5% |
7.7% |
4.2% |
| North Silver Spring/ US 29 |
5.7% |
7.7% |
7.6% |
8.3% |
6.3% |
7.7% |
4.9% |
| Outlying Montgomery County - East |
7.1% |
10.8% |
13.4% |
5.3% |
4.9% |
1.7% |
9.8% |
| Outlying Montgomery County - West |
8.3% |
9.9% |
12.0% |
19.3% |
2.5% |
2.2% |
5.8% |
| Source: CoStar Realty Information, Inc. |
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Montgomery County Office/Flex Space Inventory by Subarea
(1st Qtr)
| Area |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
| Bethesda/Chevy Chase |
10,171,830 |
10,504,689 |
11,454,772 |
11,454,772 |
11,496,318 |
11,324,956 |
11,324,956 |
| North Bethesda/Potomac |
10,793,109 |
10,793,109 |
10,793,109 |
10,870,309 |
10,742,737 |
10,405,978 |
10,405,978 |
| Kensington/Wheaton |
1,693,174 |
1,693,174 |
1,693,174 |
1,693,174 |
1,954,207 |
1,941,391 |
1,954,207 |
| Gaithersburg |
8,961,576 |
9,299,979 |
9,374,859 |
9,528,499 |
9,990,102 |
9,990,203 |
9,990,203 |
| Germantown |
2,314,181 |
2,724,601 |
2,938,882 |
3,405,774 |
3,572,649 |
3,784,629 |
3,784,629 |
| Rockville |
8,324,278 |
8,410,762 |
8,981,148 |
9,208,887 |
9,444,172 |
9,132,963 |
9,132,963 |
| North Rockville |
11,077,242 |
11,653,958 |
12,039,060 |
12,849,408 |
13,130,011 |
14,455,599 |
14,509,599 |
| Silver Spring |
6,786,768 |
6,786,768 |
6,786,768 |
7,386,768 |
7,046,502 |
7,148,608 |
7,148,608 |
| North Silver Spring/ US 29 |
4,192,601 |
4,264,101 |
4,335,601 |
4,365,386 |
4,433,203 |
4,647,193 |
4,647,193 |
| Outlying Montgomery County - East |
450,334 |
466,334 |
504,289 |
708,289 |
553,407 |
543,651 |
543,651 |
| Outlying Montgomery County - West |
101,831 |
101,831 |
101,831 |
101,831 |
756,863 |
761,839 |
791,968 |
| Source: CoStar Realty Information, Inc. |
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