This year in the suburban office market:
- Net absorption was positive 331,551 square feet for the quarter, but negative 516,840 square feet for the year.
- From mid-year to year-end, direct availability dropped from 25.11% to 24.16%, while direct vacancy rose from 19.16% to 19.55
- Overall, the direct asking rate was $24.73 p.s.f.
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