Vacant office space

This extract draws data from CoStar Suites’ digital platform and database. The extracted data summarizes North Carolina’s office real estate markets by county. CoStar Suites data is collected from commercial real estate brokers. The data is voluntary, but generally comprehensive. When extracting data from CoStar Suites, the following filters were used: 1. Office properties (as opposed to other categories of commercial real estate, such as warehousing properties) 2. Properties for lease (as opposed to for sale) 3. Where the space use was explicitly for office uses (as opposed to office properties that have been repurposed for another use) 4. Counties as the sole geographic distinction (as opposed to metropolitan areas or custom sub-market geographies) 5. Only spaces that consist of more than 5,000 square feet Commercial properties that do not meet the above five criteria are not included in the dataset. Sixty-eight of North Carolina’s 100 counties have vacant office space meeting these criteria. CoStar Suites data is collected from CoStar Group’s field researchers, interviews with developers and other real estate professionals, as well as sales records provided by commercial real estate brokers. The data is voluntary, but comprehensive. The raw data is obtained as a .rtf file, which we extracted into a .csv file. QTD data is data representing a quarter that is not complete yet, calculated at the end of each month. The lowest spatial resolution of the data extract is the county level.