On the ground floor of the boarded-up old office tower there’s a brightly colored mural with cartoon animals under a smiling sun and puffy white clouds. It reads, “Another day in paradise.”
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Integra Realty Resources, in its second-quarter 2013 report on real estate value trends, said Dayton had the worst central business district office vacancy rate of any of the U.S. market areas it studied. Meanwhile, Dayton’s suburban office vacancy rate was only 14 percent, below the average of 17.64 percent for the central U.S.
Here’s a list of the downtowns with the worst vacancy rates.
1. Dayton, 35 percent
2. San Antonio, 29.7 percent
3. Dallas, 27.4 percent
4. Hartford, Ct., 25 percent
5. Atlanta, 24.3 percent
6. Las Vegas, 24.2 percent
7. St. Louis, 23.4 percent
8. Detroit, 22 percent
9. Syracuse, N.Y., 21.1 percent
10. Nashville, 21 percent
SOURCE: Integra Realty Resources
View a photo gallery of vacant buildings that account for about 800,000 square feet of space in downtown Dayton at MyDaytonDailyNews.com