Lost in Space

Excess real estate is a growing financial burden. But some companies are creatively filling their vacancies.

Russ Banham is a contributing editor for CFO.

Urban Decay

Where are the largest real estate vacancies?
Source: CoStar Group Inc.

Existing Inventory
Total Vacant Space
Region
# Bldgs.
Total S.F.
Rank
Vacant S.F.
Vac. %
New York City
3,170
485,638,581
1
50,455,123
10.4
Los Angeles
9,505
362,983,809
2
48,520,139
13.4
Washington, D.C.
5,034
352,067,574
3
42,640,140
12.1
Chicago
6,300
326,294,027
4
55,072,998
16.9
San Francisco
8,288
296,555,945
5
45,458,718
15.3

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