Savannah Office Space Vacancy Rates Drop in First Quarter of 2015
Wednesday, April 22nd, 2015
Savannah’s office and industrial markets ended the first quarter of 2015 with lower vacancy rates, helped along by absorption of existing space, according to commercial real estate information company CoStar.
The metro area’s office market ended March with a vacancy rate of 6.3 percent, down from 6.6 percent at the end of the fourth quarter and 7 percent in the third.
“It’s definitely healthier, and it’s getting healthier every quarter,” said Adam Bryant, a partner with commercial real estate firm Sperry Van Ness.
