Town Vacancy Rates
| Total Vacant | % Vacant | |
|---|---|---|
|
Current Vacancy Rate (09/30/23) |
271,433 | 4.18% |
|
Retail |
192,841 | 6.52% |
|
Office |
12,732 | 1.60% |
|
Industrial |
65,860 | 2.41% |
| TOTAL EXISTING SQUARE FEET OF COMMERCIAL SPACE | |||
|---|---|---|---|
| Total SF | Retail SF | Office SF | Industrial SF |
| 6,491,392 | 2,957,189 | 796,666 | 2,737,537 |
| HISTORIC VACANCY RATES | ||||||||
|---|---|---|---|---|---|---|---|---|
| Date | Total Vacant | Retail Vacant | Office Vacant | Industrial Vacant | ||||
| 06/30/2009 | 514,172 | 8.90% | 329,255 | 10.94% | 56,837 | 9.72% | 128,080 | 5.86% |
| 09/30/2009 | 532,623 | 9.22% | 312,866 | 10.93% | 66,617 | 11.39% | 153,140 | 7.01% |
| 12/31/2009 | 552,993 | 9.57% | 283,364 | 9.41% | 53,319 | 9.12% | 216,310 | 9.90% |
| 03/31/2010 | 510,354 | 8.83% | 291,529 | 9.69% | 41,755 | 7.14% | 177,070 | 8.10% |
| 06/30/2010 | 604,299 | 10.46% | 250,259 | 8.31% | 47,625 | 8.14% | 306,415 | 14.02% |
| 09/30/2010 | 581,363 | 10.06% | 237,353 | 7.89% | 47,625 | 8.14% | 296,415 | 13.57% |
| 12/31/2010 | 630,338 | 10.91% | 249,002 | 8.27% | 45,801 | 7.83% | 335,535 | 15.36% |
| 03/31/2011 | 613,538 | 11.22% | 261,802 | 8.70% | 47,201 | 8.07% | 339,535 | 15.54% |
| 06/30/2011 | 528,066 | 8.70% | 248,160 | 8.23% | 44,426 | 7.60% | 235,480 | 10.78% |
| 09/30/2011 | 525,066 | 8.65% | 245,160 | 8.13% | 44,426 | 7.60% | 235,480 | 10.71% |
| 12/31/2011 | 444,877 | 7.33% | 243,372 | 8.07% | 49,816 | 8.52% | 151,689 | 6.90% |
| 03/31/2012 | 393,098 | 6.48% | 247,679 | 8.22% | 37,530 | 6.42% | 107,889 | 4.37% |
| 06/30/2012 | 484,700 | 7.99% | 271,504 | 9.00% | 96,238 | 16.45% | 116,958 | 4.74% |
| 09/30/2012 | 432,657 | 7.13% | 227,495 | 7.54% | 89,483 | 15.30% | 115,679 | 4.69% |
| 12/31/2012 | 384,942 | 6.34% | 192,980 | 6.40% | 100,483 | 17.18% | 91,479 | 3.71% |
| 03/31/2013 | 387,828 | 6.39% | 178,780 | 5.93% | 104,983 | 17.95% | 104,065 | 4.22% |
| 06/30/2013 | 275,187 | 4.53% | 122,871 | 4.07% | 105,658 | 18.06% | 46,658 | 1.89% |
| 09/30/2013 | 232,437 | 3.83% | 127,561 | 4.23% | 57,108 | 9.76% | 47,768 | 1.94% |
| 12/31/2013 | 223,512 | 3.66% | 118,636 | 3.93% | 57,108 | 9.76% | 47,768 | 1.94% |
|
03/31/2014 |
213,780 | 3.52% | 108,904 | 3.61% | 57,108 | 9.76% | 47,768 | 1.94% |
|
06/30/2014 |
217,984 | 3.59% | 132,848 | 4.41% | 58,268 | 9.96% | 26,868 | 1.09% |
|
09/30/2014 |
206,762 | 3.38% | 125,541 | 4.16% | 50,760 | 8.68% | 30,461 | 1.23% |
|
12/30/2014 |
221,772 | 3.63% | 129,648 | 4.30% | 50,760 | 8.68% | 38,387 | 1.56% |
| 03/31/2015 | 246,013 | 4.02% | 158,141 | 5.24% | 49,485 | 8.46% | 38,387 | 1.56% |
| 06/30/2015 | 228,225 | 3.73% | 127,934 | 4.24% | 46,355 | 7.93% | 53,936 | 2.19% |
| 09/30/2015 | 275,700 | 3.20% | 203,394 | 6.88% | 18,370 | 2.91% | 53,936 | 2.19% |
| 12/31/2015 | 365,576 | 5.87% | 196,988 | 6.70% | 44,013 | 5.52% | 125,474 | 5.07% |
| 3/31/2016 | 372,972 | 6.01% | 197,668 | 6.73% | 42,210 | 5.30% | 133,094 | 5.38% |
| 6/30/2016 | 362,643 | 5.84% | 172,034 | 5.86% | 53,481 | 6.71% | 137,128 | 5.55% |
| 9/30/2016 | 255,163 | 4.10% | 179,216 | 6.06% | 50,131 | 6.29% | 25,816 | 1.04% |
| 12/31/2017 | 333,800 | 5.36% | 207,844 | 7.03% | 52,827 | 6.63% | 73,129 | 2.96% |
| 3/31/2017 | 241,512 | 3.88% | 188,021 | 6.36% | 23,088 | 2.90% | 32,503 | 1.31% |
| 6/30/2017 | 275,403 | 4.42% | 211,221 | 7.14% | 31,982 | 4.01% | 32,200 | 1.30% |
| 9/30/2017 | 281,155 | 4.52% | 166,651 | 5.64% | 89,404 | 11.22% | 27,200 | 1.10% |
| 12/31/2017 | 175,423 | 2.32% | 102,964 | 3.48% | 26,451 | 3.32% | 46,008 | 1.86% |
| 3/31/2018 | 230,403 | 3.70% | 157,846 | 5.34% | 24,807 | 3.11% | 47,750 | 1.93% |
| 6/30/2018 | 231,687 | 3.72% | 165,863 | 5.61% | 18,074 | 2.27% | 47,750 | 1.93% |
| 9/30/2018 | 184,265 | 2.96% | 121,537 | 4.11% | 21,285 | 2.67% | 41,443 | 1.68% |
| 12/31/2018 | 207,389 | 3.33% | 136,153 | 4.60% | 36,441 | 4.57% | 34,795 | 1.41% |
| 3/31/2019 | 207,282 | 3.33% | 150,142 | 5.08% | 31,340 | 3.93% | 25,800 |
1.04% |
| 6/30/2019 | 192,904 | 3.10% | 140,002 | 4.73% | 31,602 | 3.97% | 21,300 |
0.86% |
| 9/30/2019 | 216,642 | 3.48% | 141,895 | 4.80% | 32,847 | 4.12% | 41,900 |
1.63% |
| 12/31/2019 | 216,005 | 3.42% | 140,935 | 4.77% | 33,170 | 4.16% | 41,900 |
1.63% |
| 6/30/2020 | 279,526 | 4.35% | 193,304 | 6.54% | 35,322 | 4.43% | 50,900 |
1.90% |
| 12/31/2020 | 412,515 | 6.41% | 322,551 | 10.91% | 40,564 | 5.09% | 49,400 |
1.84% |
| 3/31/2021 | 479,891 | 7.46% | 256,866 | 8.69% | 31.263 | 3.92% | 191,762 |
7.16% |
| 06/30/2021 | 469,056 | 7.29% | 240,816 | 8.14% | 36,478 | 4.58% | 191,762 |
7.16% |
| 09/30/2021 | 282,258 | 4.39% | 218,561 | 7.39% | 25,297 | 3.18% | 38,400 |
1.43% |
| 12/31/2021 | 293,643 | 4.57% | 256,717 | 8.68% | 13,526 | 1.70% | 23,400 |
0.87% |
| 03/31/2022 | 220,346 | 3.43% | 182,310 | 6.16% | 14,636 | 1.84% | 23,400 |
0.87% |
| 09/30/2022 | 260,569 | 4.05% | 184,511 | 6.24% | 23,106 | 2.90% | 52,952 | 1.98% |
| 12/31/2022 | 257,316 | 3.96% | 190,716 | 6.45% | 17,106 | 2.15% | 49,494 | 1.81% |
| 3/31/2023 | 225,316 | 3.47% | 213,546 | 7.22% | 6,770 | 0.85% | 5,000 | 0.18% |
| 06/30/2023 | 238,251 | 3.67% | 219,681 | 7.43% | 13,570 | 1.70% | 5,000 | 0.18% |
| 09/30/2023 | 271,501 | 4.18% | 254,031 | 8.59% | 13,870 | 1.74% | 3,600 | 0.13% |
| 12/31/2023 | 261,806 | 4.03% | 223,036 | 7.54% | 20,170 | 2.53% | 18,600 | 0.68% |
| 03/31/2024 | 271,433 | 4.18% | 192,841 | 6.52% | 12,732 | 1.60% | 65,860 | 2.41% |
