M-NCPPC: Office Space Vacancy Rates & Inventory By Subarea

Office/Flex Space Vacancy Rates & Inventory By Subarea

Montgomery County Office/Flex Space Vacancy Rates by Subarea 1st Qtr
Area	2000	2001	2002	2003	2004
Bethesda/Chevy Chase	4.5%	6.5%	13.8%	14.3%	14.4%
North Bethesda/Potomac	3.1%	4.9%	9.3%	10.7%	11.0%
Kensington/Wheaton	5.2%	5.4%	5.7%	5.4%	7.1%
Gaithersburg	7.3%	9.6%	6.6%	7.7%	10.7%
Germantown	3.1%	10.1%	25.8%	29.2%	30.3%
Rockville	5.9%	6.9%	10.2%	9.5%	10.7%
North Rockville	7.5%	4.5%	9.6%	13.0%	12.2%
Silver Spring	14.7%	11.7%	12.9%	10.5%	10.5%
North Silver Spring/ US 29	5.7%	7.7%	7.6%	8.3%	6.3%
Outlying Montgomery County - East	7.1%	10.8%	13.4%	5.3%	4.9%
Outlying Montgomery County - West	1.2%	2.2%	63.3%	15.5%	5.9%

Source: Costar Realty Information Group.

Montgomery County Office/Flex Space Inventory by Subarea 1st Qtr
Area	2000	2001	2002	2003	2004
Bethesda/Chevy Chase	10,171,830	10,504,689	11,454,772	11,454,772	11,496,318
North Bethesda/Potomac	10,793,109	10,793,109	10,793,109	10,870,309	10,742,737
Kensington/Wheaton	1,693,174	1,693,174	1,693,174	1,693,174	1,954,207
Gaithersburg	8,961,576	9,299,979	9,374,859	9,528,499	9,990,102
Germantown	2,314,181	2,724,601	2,938,882	3,405,774	3,572,649
Rockville	8,324,278	8,410,762	8,981,148	9,208,887	9,444,172
North Rockville	11,077,242	11,653,958	12,039,060	12,849,408	13,130,011
Silver Spring	6,786,768	6,786,768	6,786,768	7,386,768	7,046,502
North Silver Spring/ US 29	4,192,601	4,264,101	4,335,601	4,365,386	4,433,203
Outlying Montgomery County - East	450,334	466,334	504,289	708,289	553,407
Outlying Montgomery County - West	126,120	126,120	332,520	332,520	756,863

Source: Costar Realty Information Group.