2018 | The Rear-View Mirror

  • The vacancy rate dropped from 8.1% to 7.9% at the end of the fourth quarter of 2018, although that was still at the highest level since the end of 2013. Class A vacancy decreased during the fourth quarter to 10.8%, but was up by almost six percentage points for the year. This was mainly a result of the large Bank of America vacancy at 1 Fleet Way. Class B vacancy has been slowly trending downward, ending the year at 6.5%.

2019 | The Year Ahead

  • According to Moody’s Analytics, Scranton-Wilkes Barre-Hazleton’s economy will continue to grow but at an “unremarkable pace”. The sector with the highest potential for employment growth, Transportation and Warehousing, will not directly benefit the office market.