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2022 Q4 Northeastern PA Office Report

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Key Market Trends

  • Vacancy decreased from 8.3% at the end of 2Q to 7.7%.
  • Both Class A and Class B buildings had low, but positive absorption for the quarter and annually.
  • The weighted average asking rent dipped to $20.16 full service.
  • Investment activity dropped off in the 4th quarter.

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2022 Q4 Northeastern PA Office Report

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