Market Report

2016 Semi-Annual Office Report

The overall vacancy rate at the end of the first half of 2016 was at 13.2%, as compared to 14.7% at the end of 2015. Total absorption for 2016 thus far came to 32,209 SF. The average lease rate stayed respectively the same at $19.98, as compared to $20.08 at the end of 2015. 

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