Feb 27, 2015
Corpus Christi 4Q 2014 office report: Burbach
CORPUS CHRISTI - The local office market contained nearly 9.8 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group. The overall vacancy rate increased...
CORPUS CHRISTI – The local office market contained nearly 9.8 million sf as of fourth quarter 2014, according to Burbach & Associates and CoStar Group.
The overall vacancy rate increased to 9.9 percent in 4Q 2014 from 9.6 percent in 2Q 2014. The rental rate was $14.39 per sf, down from $14.48 at the end of 2Q 2014.
| Market | SF (000) | Vacancy | Rate/SF |
| Class A | 938 | 14.9% | $19.88 |
| Class B | 6,557 | 8.8% | $13.93 |
| Class C | 2,291 | 11.2% | $11.39 |
| CBD | 4,544 | 9.6% | $15.27 |
| South Side | 2,202 | 8.9% | $15.51 |
| Mid-City | 1,492 | 14.0% | $12.34 |
| West Side | 657 | 5.7% | $9.87 |
| Total | 9,786 | 9.9% | $14.39 |
Source: Burbach & Associates, CoStar Group
Click here for the full report.
For more stats, see Corpus Christi Market Research.
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