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Market Trend: Memphis’s Office Vacancy Increases to 12.9%
Posted by: KAIZEN Realty on 09 May, 2011 
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The Memphis office market ended the first quarter 2011 with a vacancy rate of 12.9%.The vacancy rate was up over the previous quarter, with net absorption totaling positive 22,103 square feet in the first quarter. Vacant sublease space increased in the quarter, ending the quarter at 224,074 square feet.Rental rates ended the first quarter at $15.96, a decrease over the previous quarter.A total of one building delivered to the market...
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