Analysis of Performance
- This is a quarterly measure - data is available for 2Q21.
- All vacancy rates have ticked up since January 2021 as a result of the COVID pandemic, although retail vacancy rates seem to be rebounding as of June 2021 and is currently under 5%.
- Office vacancy rate is a concern at this point with the shift in workspace needs
We will continue to monitor commercial vacancy rates, especially for office space, and will work with our regional partners as we move forward.
Why Is This Important?
City Organization Impact on Performance
Medium – The activities of the Economic Health Office directly relate to users of commercial space, but actual leasing activity is also influenced by other outside factors.