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Corpus Christi 4Q 2013 office report: BurbachCorpus Christi 4Q 2013 office report: Burbachhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=44542014-04-10T15:32:00Z2014-04-10T00:00:00Z

CORPUS CHRISTI - The local office market contained 9.727 million sf as of fourth quarter 2013, according to Burbach & Associates and CoStar Group. The overall vacancy rate increased to 10.4 percent in 4Q 2013, up from 9.1 percent in 2012.

The average quoted full-service rental rate was $14.73 per sf, up 2.4 percent from $14.39 in 2012.

Corpus Christi Office
Market Summary 4Q 2013
Market SF (000) Vacancy Rate/SF
Class A 938 13.5% $19.59
Class B 6,579 9.3% $14.52
Class C 2,210 12.4% $12.25
CBD 4,497 8.9% $14.97
South Side 2,213 9.7% $18.08
Mid-City 1,486 17.1% $13.04
West Side 658 7.2% $11.02
Total 9,727 10.4% $14.73

Source: Burbach & Associates, CoStar Group

For more stats, see Office, Retail and Industrial under Corpus Christi Market Data Sources.

Burbach & Associates Inc.
Corpus Christi
Office
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