May 4, 2016 / By Dave Dickerson, President/Partner

Dayton Office Market Continues to Recover 2015

The Dayton office market continued to show signs of recovery in 2015, based on results from Miller-Valentine Group Realty Services’ 4th Quarter Office Survey. The vacancy rate for the overall Dayton office market decreased to 25.25%, with notable positive absorption in all markets.

2015 Office Market Report ResultsThe overall market saw a positive absorption of 152,442 sqft., particularly in the suburban markets, which had a combined absorption of 131,964 sqft. in 2015. For the second consecutive year, the East market showed the greatest activity, with over 78,000 sqft. absorbed in 2015. The CBD market showed a positive absorption of 20,478 sqft. Its Class A sector recorded over 45,000 sqft. of new space leased, offsetting the negative absorption seen in its Class B/C sector.

The North market continued to represent the area’s strongest office market with a current vacancy rate below 20%, almost back to its pre-recession rate. The CBD market remains the area’s softest market due to the high vacancy in its Class B/C sector, which is currently over 41% vacant.

Notable office deals for the Miller-Valentine Group Realty Services office team of Steve Ireland and Aaron Savino include:

LEASES

SALES

 

Download the Dayton Regional 2015 Office Market Summary →

Read Dayton Business Journal’s Analysis of our 2015 Office Market Study →