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Real Estate

May 1, 2000

UPDATE Sacramento

By John McCloud An exceptionally high level of construction activity has driven office vacancy levels in the Sacramento area back up after three years of decline, but local real estate professionals seem unfazed.

By John McCloud

An exceptionally high level of construction activity has driven office vacancy levels in the Sacramento area back up after three years of decline, but local real estate professionals seem unfazed.
Though according to Grubb & Ellis, the market ended the year with the vacancy rate up more than two points to 10.7 percent and net absorption of barely 1.1 million square feet, brokers are confident the 1.5 million square feet of new space remaining f...

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