Market Report

2016 Year-End Office Report

The overall vacancy rate at the year-end of 2016 was at 13.9%, as compared to 14.7% at the end of 2015. Total absorption for 2016 came to 27,146 SF. The average lease rate rose slightly from mid-year at $19.98 to $20.25, as compared to $20.08 at the end of 2015. 

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