OFFICE MARKET SURVEY

2009 Office Market Survey

The Office Market Survey is an annual publication produced by Burns Commercial Properties in September. The Survey assesses the total Class A, B and C office space availability and occupancy in Tyler, TX. Companies interested in acquiring office space will find the survey an excellent tool for comparative research of lease rates and options. The survey can be downloaded by clicking the "download pdf" button below or can be viewed at the Burns Commercial Properties website.

OVERVIEW

After three years in which the occupancy rate for office space in Tyler increased, the annual Burns Commercial Properties Office Market Survey indicates that the trend has been reversed.

The Survey, which was completed in September, found that the slowdown in the national economy has had a negative effect on the Tyler commercial real estate market.

The results of the fifty two building survey show that the occupancy rate dropped from 90.2% to 86.5%, while the vacant square footage increased by 84,248 square feet, up to a total vacancy of 293,539 square feet.  The average rental rate was virtually unchanged at $13.44 per rentable square foot, based on a gross lease scenario.

File Format (Size) PDF (177 KB)