Montgomery Planning: Research & Technology Center - Office/Flex Space Vacancy Rates & Inventory

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Office/Flex Space Vacancy Rates & Inventory

Montgomery County

Vacancy Rates
2006
Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr
Montgomery County	8.6%	8.4%	8.6%
Metro Area	9.3%	9.5%	9.6%
2005
Montgomery County	10.8%	10.8%	9.7%	8.9%
Metro Area	10.8%	10.6%	10.1%	9.5%
2004
Montgomery County	12.0%	12.0%	11.3%	10.8%
Metro Area	12.4%	12.0%	11.6%	11.2%
2003
Montgomery County	11.6%	11.6%	12.1%	11.9%
Metro Area	13.1%	13.1%	13.1%	12.5%
2002
Montgomery County	10.9%	11.3%	11.5%	11.8%
Metro Area	12.2%	12.6%	12.3%	13.3%
2001
Montgomery County	7.2%	8.1%	9.1%	10.4%
Metro Area	7.3%	9.3%	10.3%	11.3%
2000
Montgomery County	6.3%	5.9%	6.7%	6.8%
Metro Area	6.1%	5.5%	7.0%	6.7%
Source: CoStar Realty Information, Inc.

Inventory (in square feet)
2006
Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr
Montgomery County	75,347,399	75,829,399	75,971,133
Metro Area	429,621,867	433,153,821	435,652,520
2005
Montgomery County	75,222,076	75,276,076	75,276,076	75,276,076
Metro Area	422,812,014	424,911,415	429,076,942	427,482,984
2004
Montgomery County	74,086,965	74,228,965	74,686,656	74,912,092
Metro Area	413,195,998	414,189,193	418,367,435	419,631,354
2003
Montgomery County	72,867,726	73,047,060	73,210,935	73,793,449
Metro Area	415,111,556	416,045,823	416,045,823	412,387,764
2002
Montgomery County	70,265,122	71,154,697	71,284,697	72,209,226
Metro Area	405,597,517	408,301,728	410,037,452	413,560,468
2001
Montgomery County	67,728,170	67,918,746	69,059,985	69,967,027
Metro Area	386,417,418	392,085,843	396,385,426	400,517,069
2000
Montgomery County	65,645,320	65,982,289	66,709,335	67,446,226
Metro Area	373,734,674	375,880,452	379,651,304	383,604,616
Source: CoStar Realty Information, Inc.