Apr 10, 2014
Corpus Christi 4Q 2013 office report: Burbach
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...
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.
| 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.
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