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2020 Q3 Cleveland Office Market Report

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Activity Pauses in the Cleveland Office Market

After beginning the year on a positive note, the Cleveland office market recorded its second consecutive quarter of negative absorption. The market posted negative net absorption of more than 90,000 square feet, resulting in a 20-basis point (bps) increase in vacancy. The overall market vacancy as of the end of the third quarter equaled 12.5%.


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2020 Q3 Cleveland Office Market Report

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