Source: Team NEO
Vacancy rates in Richland County are generally declining, indicating increased commercial activity. The percent of unoccupied office space decreased over 2014-2015 to 7.8%, while the percent of unoccupied industrial space decreased to 3.7%.
Commercial vacancy rates measure the percent of leasable and available commercial space within Richland County. The graph above captures both industrial and office vacancy rates.
Commercial vacancy rates measure economic capacity and activity. Decision makers can view commercial vacancy rates to make decisions regarding the need for additional commercial space or the need to fill existing vacant spaces.
Green: Year-over-year decrease of greater than .5%
Yellow: Year-over-year ± .5%
Red: Year-over-year increase of .5%
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