Thursday, February 3, 2011

Good News About the Region - VACANCY RATES, SHOPPING, WATER

Information provided by David McDonald Author of "Saving America's Cities"

DAYTON REGION OFFICE BUILDING VACANCY RATES

The office building vacancy rate for the Dayton Region (10.88%) is less than it is in Cincinnati (20.69%), Columbus (19.89%), Cleveland (12.48%), Indianapolis (20.93%), Louisville (18.15%), Atlanta (16.76%), Pittsburgh (11.09%), and Charlotte (19.07%). Our Region is stronger than many people think!


DAYTON REGION SHOPPING

The Dayton Region has two world-class shopping malls that I would estimate to be in the top 15%, success wise, of all malls in the US. There is only one mall in all of the Cincinnati Region that is as good as either Dayton Mall or The Mall at Fairfield Commons. That mall is Kenwood, and it is approximately 10% better than either of our malls, but then the parking at Kenwood is terrible, and we have two excellent malls compared to Cincinnati’s one. Our lifestyle center, The Green, beats anything Cincinnati has to offer.


DAYTON REGION WATER

Everyone probably knows that we sit on top of one of the largest aquifers in the US. You might not know that the upper Midwest (including the Dayton Region) contains between 16% and 18% of all the fresh water in the world.

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