Real Estate/Development
Mar. 16, 2017
Office absorption outpacing new construction
The report predicts 1.3 million square feet of space will be absorbed in the county this year, which would lead to a vacancy rate of 12.5 percent by the end of 2017.
The report predicts 1.3 million square feet of space will be absorbed in the county this year, which would lead to a vacancy rate of 12.5 percent by the end of 2017. The vacancy rate at the end of 2016 was 13.5 percent.
"A steady rise in office-using jobs led by IT, biotech and medical sectors keeps absorption high,...
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