Louisville CBD Class A Office Space Absorption notes

 

  • (1) Inventory includes BOMA class A buildings. Additional leasable buildings not in Commercial Kentucky, Inc. inventory, office condos, office suites, owner-occupied buildings and single purpose medical office buildings NOT included.
  • (2) "New Space" defined as net addition to leasable inventory, including chan ges of use as well as new construction/rehabilitation and demolition.
  • (3) Although the Humana Building initially contained leasable office space as published in previous data, the facility was not included in absorption calculations for the purposes of strict consistancy. The building achieved 100% occupancy by owner in just a short time, thus changing the building status to "owner-occupied".
  • (4) Humana Building (406,157 sq. ft.) formerly listed as owner-occupied, has been added to leasable inventory and appears as "New Space".
  • (5) Riverview Square (109,000 sq.ft.) formerly listed as leasable, has been added to owner-occupied inventory.
  • (6) Riverview Square was added to the leasable inventory.
  • (7) Riverview Square was moved to the owner-occupied inventory.
  • (8) Doe-Anderson Building has been reclassified as class B.

Analysis by Louisville Central Area, Inc., using data obtained from Commercial Kentucky, Inc.; inventory based on Commercial Kentucky, Inc. definitions of market characteristics. A complete list of buildings from which this table is derived is available from LCA on request.