Office vacancies jumped from 8.6 % in first - quarter 2001 to 14.7 % in first - quarter 2002, according to Reis, which tracks an inventory of approximately 3.2 billion sq. ft. (see NREI's June 2002 issue).
Not exact matches
The city's
office -
vacancy rate
jumped in the second quarter by the most since the last recession, while the amount of space available for sublease almost doubled, according to a report to be released this week by brokerage Cushman & Wakefield Inc..
According to New York - based Reis Inc.'s survey of the top 50
office markets, the
vacancy rate grew by 0.4 % to 15.7 % in the third quarter, compared with a 0.6 % increase in the second quarter and a 1 %
jump in the first quarter.