|
|
|
Year-End 2007 Industrial Market Report
|
|
|
Number of Buildings
|
Total Size
|
Square Footage Availabile
|
Vacancy Rate
|
Absorbed
|
Under Construction
|
Completed Construction
|
|
CECIL
|
|
BULK
|
11
|
3,108,420
|
665,000
|
21.39%
|
473,020
|
0
|
600,000
|
|
TOTAL:
|
11
|
3,108,420
|
665,000
|
21.39%
|
473,020
|
0
|
600,000
|
|
CORRIDOR
|
|
BULK
|
145
|
24,081,650
|
3,869,917
|
16.07%
|
–464,772
|
300,498
|
499,974
|
|
FLEX
|
118
|
4,801,429
|
473,181
|
9.86%
|
178,571
|
0
|
221,228
|
|
OFFICE / WAREHOUSE
|
131
|
7,708,493
|
716,458
|
9.29%
|
203,301
|
0
|
332,145
|
|
TOTAL:
|
394
|
36,591,572
|
5,059,556
|
13.83%
|
–82,900
|
300,498
|
1,053,347
|
|
EAST
|
|
BULK
|
99
|
13,264,254
|
1,761,260
|
13%
|
700,457
|
673,803
|
561,400
|
|
FLEX
|
16
|
606,114
|
146,679
|
24.20%
|
53,981
|
0
|
32,990
|
|
OFFICE / WAREHOUSE
|
42
|
2,345,919
|
95,820
|
4.08%
|
149,702
|
84,880
|
0
|
|
TOTAL:
|
157
|
16,216,287
|
2,003,759
|
12.36%
|
904,140
|
758,683
|
594,390
|
|
HARFORD CO.
|
|
BULK
|
28
|
7,290,241
|
2,059,198
|
28.25%
|
776,160
|
0
|
74,000
|
|
FLEX
|
16
|
662,820
|
44,670
|
6.74%
|
–4,450
|
0
|
0
|
|
OFFICE / WAREHOUSE
|
16
|
836,015
|
10,400
|
1.24%
|
46,600
|
0
|
0
|
|
TOTAL:
|
60
|
8,789,076
|
2,114,268
|
24.06%
|
818,310
|
0
|
74,000
|
|
NORTH
|
|
BULK
|
26
|
1,592,792
|
302,190
|
18.97%
|
–77,098
|
0
|
0
|
|
FLEX
|
62
|
2,945,190
|
349,163
|
11.86%
|
13,245
|
0
|
0
|
|
OFFICE / WAREHOUSE
|
10
|
427,200
|
60,500
|
14.16%
|
104,945
|
0
|
0
|
|
TOTAL:
|
98
|
4,965,182
|
711,853
|
14.34%
|
41,092
|
0
|
0
|
|
SOUTHWEST
|
|
BULK
|
109
|
13,070,664
|
1,468,089
|
11.23%
|
–461,934
|
604,209
|
0
|
|
FLEX
|
43
|
1,849,873
|
170,934
|
9.24%
|
86,897
|
0
|
69,000
|
|
OFFICE / WAREHOUSE
|
41
|
2,801,622
|
334,863
|
11.95%
|
171,685
|
0
|
0
|
|
TOTAL:
|
193
|
17,722,159
|
1,973,886
|
11.14%
|
–203,352
|
604,209
|
69,000
|
|
WEST
|
|
BULK
|
22
|
2,687,341
|
324,622
|
12.08%
|
–35,920
|
0
|
0
|
|
FLEX
|
80
|
3,642,393
|
473,157
|
12.99%
|
3,910
|
0
|
25,875
|
|
OFFICE / WAREHOUSE
|
23
|
1,843,498
|
258,076
|
14.00%
|
25,245
|
70,000
|
41,238
|
|
TOTAL:
|
125
|
8,173,232
|
1,055,855
|
12.92%
|
–6,765
|
70,000
|
67,113
|
|
MARKET TOTALS:
|
|
BULK
|
440
|
65,095,362
|
|