Commercial Market <br />This section provides an overview of the commercial real estate market trends in and around <br />the River Road/Santa Clara area. We examine both office and retail comparing rents, vacancy, <br />and absorption within the River Road/Santa Clara area to the rest of the City of Eugene and <br />Eugene -Springfield region. <br />Office <br />There is little available data on office rents and vacancy rates specific to the River Road/Santa <br />Clara Area. This summary draws on the data that is available, but the small number of <br />buildings that are captured make the data more variable and less robust than the city-wide data. <br />In general, office rents in River OFFICE GROSS RENT PER SQUARE FOOT, RIVER ROAD/SANTA <br />Road/Santa Clara are lower CLARA AREA AND EUGENE, 2000 TO 2019 YEAR TO DATE <br />Source: Costar, Office buildings, January 2019 <br />than the average city-wide. $25.00 <br />Office rents per square foot have <br />remained relatively flat in River <br />Road/Santa Clara from 2006 to <br />2018 but have climbed slightly. In <br />2018, office rents in River <br />Road/Santa Clara were $14.28 <br />per square foot. <br />$20.00 <br />$15.00 <br />River <br />Road/SCA <br />$10.00 rent per sq. <br />ft. $14.28 <br />$5.00 <br />$0.00 <br />O'1 Ocb Oo, yp yy y`1 �� tit ti� tico 1\ ti00 <br />rO1O�OT 1O�O�O�OTOT TOrO <br />River Road/Santa Clara area Office Base Rent Direct <br />— — Eugene Office Base Rent Direct <br />ECONorthwest 32 <br />205 <br />