2011 OCCUPANCY REPORT
For the Occupancy Study, Downtown Kalamazoo Inc. contacts building owners and brokers to determine the occupancy rate based on square footage of office, retail and residential space. The study is done during the summer months. It does not include institutional, undeveloped or Pfizer/MPI properties. Otherwise, it includes both owner-occupied and for-lease space.
In 2011, there was a total of 3,848,594 square feet of space in dowtown Kalamazoo, of which 307,393 was undeveloped. Retail accounts for 24.4 %, office 53%, and residential 14.7%.
| |
# Buildings |
Total Space |
Vacant Space |
Vacancy |
| Retail |
118 |
938,682 |
97,818 |
10.4% |
| Office |
100 |
2,036,256 |
265,090 |
13% |
| Residential |
39 |
566,263 |
10,263 |
1.9% |
The Occupancy Report is available to download and print.