Commercial Vacancy Rates

Desired Result:  Below Target

 
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Analysis of Performance

NOTE: Data for this reporting period is not yet available from third-party sources. Commercial vacancy data is pending release from local market providers. Q1 2026 Commercial Vacancy data will be updated in accordance with the Q2 2026 reporting deadline, pending timely data release.


Commercial vacancy trends were mixed during the second quarter of 2026. Office and industrial vacancy rates increased modestly compared to Q1, while retail vacancy declined by more than one percentage point. Despite the quarter-over-quarter increases in office and industrial space, vacancy rates across all three sectors remain within ranges generally associated with healthy commercial markets, with retail showing particularly strong absorption during the quarter.



Metric Definition
Percentage of vacant, leasable commercial space within the city. This is divided into three categories: Industrial, Office, and Retail. The category with the worst vacancy rate is displayed and that is the value compared to our target.
Why Is This Important?
Commercial property use provides a measure of economic activity and economic capacity. As the vacancy rate drops additional commercial space may be necessary to capture economic activity.
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.
Benchmark Information
This metric contains no benchmark data because the purpose of this metric is to track economic trends within Fort Collins over time. The internal focus of this metric limits the value of benchmarks; historical comparisons to the City's past performance are more meaningful for this metric.