Monday, January 15, 2007

office vacancy

From Worcester Regional Research Bureau report on downtown office occupancy. It seems that Worcester pretty well matches other cities in the region. However, there is room for improvement, and CitiSquare will probably rejuvenate much of downtown.

However, as much of District 4 falls into downtown, it would be important to have a comprehensive business plan for retaining and filling the gaps noted below:

Downtown Worcester Office Occupancy: 2006 Survey
September, 2006
Center for Community Performance Measurement
The Research Bureau Office Occupancy: 2006
" the amount of space currently vacant could potentially support almost 2,500 additional workers in the downtown area. This fact highlights the importance of continued job creation and business expansion efforts in the City."

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