Vacancy rates as of the end of Q2 of 2017.

Quarter 2 2017

Vacancy rates as of the end of Q2 of 2017.

19,2%

Class A

16,6%

Class B

9,5%

Class B-

14,2%

Average

Lower new construction or the lack thereof
has been driving down the vacancy rate and
restoring the balance between supply and demand.
As of Q2 2017 vacancy rates have dropped by
1.5 points on average across all building classes
with the largest drop taking place in Class B+
offices where it reached 2.8 points.