Market Report

2017 Semi-Annual Office Report

The overall vacancy rate at the end of the 2nd quarter of 2017 was at 11.4%, as compared to 13.9% at the end of 2016. Year to date absorption for 2017 comes to 53,218 SF. The average lease rate rose over the first half of the year to $20.68 from $20.25 at the end of 2016. 

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