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2019 Q4 Cleveland Office Market Report

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After posting a small loss during the first half of 2019, the Cleveland office market witnessed accelerated activity through the second half resulting in positive net absorption of 436,703 square feet for the year. Class A properties accounted for 65% of this total. The overall market vacancy rate decreased by 70 basis points (bps) from the end of 2018 to its current level of 12.6%.

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2019 Q4 Cleveland Office Market Report

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