December 21, 2017 / By Dave Dickerson, President/Partner

2017 Dayton Office Market Continues to Recover

The Dayton area office market continued to show signs of further recovery in 2017 based on results from Miller-Valentine Group Realty Services’ 4th Quarter Office Survey. The vacancy rate for the overall Dayton area office market decreased to 22.78%, with notable positive absorption in most markets.

The overall market saw a positive absorption of 292,839 sqft.  The most notable improvement in absorption was found in the suburban markets, which had a combined absorption of 199,649 sqft. in 2017; however, we also saw improvement in the CBD with over 90,000 sqft. of space absorbed. Of the suburban markets, the South market showed the greatest activity, with over 185,000 sqft. absorbed. The South market also represented the area’s strongest office market with a current vacancy rate of 16.16%.  A majority of the newly occupied space was observed in the CBD market, primarily in the 111 Building with the addition of Taylor communication. The CBD market showed a net positive absorption of over 90,000 sqft. in 2017.

Notable office transactions for the Miller-Valentine Group Realty Services office team include:

Leases

Sales

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