Office vacancy has fluctuated OFFICE VACANCY RATE, RIVER ROAD/SANTA CLARA AREA AND <br />over the past ten years. <br />EUGENE, 2000 TO 2019 YEAR TO DATE <br />Source: Costar, Office buildings, January 2019 <br />The study area's office market <br />vacancy rate spiked to over 16 <br />18% <br />percent in 2017. However, office <br />vacancy rates in the River Road / <br />16% <br />Santa Clara area have historically <br />14% <br />tracked office vacancy rates in <br />12% <br />Eugene closely. <br />10% <br />River <br />Road/SCA <br />8% <br />vacancy <br />rate <br />o ° �`i <br />10.9% <br />4% <br />2% <br />� <br />OA 00 Cb by tir tir ti <br />yb tiA ti00 <br />�O �Oti0 �O �O �O �Otit <br />O ��O �O �O <br />River Road/Santa Clara area Vacant Percent% <br />Total <br />— Eugene Vacant Percent %Total <br />Office absorption (new space OFFICE DELIVERIES AND ABSORPTION (SQUARE FEET), RIVER <br />leased net of space vacated) ROAD/SANTA CLARA AREA, 2000 TO 2019 YEAR TO DATE <br />Source: CoStar, Office buildings, January 2019 <br />has been up and down in the <br />River Road/Santa Clara area 20,000 <br />over the last 15 years. 15,000 <br />There have been very few office <br />10,000 <br />deliveries (new construction or 5,000 <br />addition of office space to existing o ' I <br />buildings) in the River Road/Santa -5,000 <br />Clara area for the past 15 years. _10,000 <br />-15,000 <br />-20,000 <br />-25,000 <br />03 Off` O1 00 OA Ob 00 ti0 titi ti� tib ti� ti� tib tiA tib <br />rO 9O rO TO TO ('�O 9O 9O TO TO rO rO O 9O TO 11�O <br />■Deliveries SF ■ Net Absorption SF Total <br />ECONorthwest 33 <br />206 <br />