Category Archives: Industrial Space

Sign of the times: vacant industrial space

Vacant industrial space in Knoxville and Knox County increased in 2009, due in large part to the closing of several manufacturing plants, according to Metropolitan Planning Commission’s 2009 Industrial Space Inventory released today.

Vacancy rates for industrial space rose to 14.1 percent in the fourth quarter of 2009, up from a vacancy rate of 11.1 percent in the fourth quarter of 2007, MPC reported.

From 2007-2009, a total of more than 1.1 million square feet of industrial space was vacated. That number will grow this year as about 315,000 square feet of space are expected to become vacant with the closing of two manufacturers, MPC reported.

Continue reading