Vacancies for neighborhood and community centers were unchanged during the third quarter and now stand at 10.5 percent, just 60 basis points below the peak vacancy of 11.1 percent, recorded during the third quarter of 2011. This modest vacancy compression was predominantly due to weak demand with only 2.3 million sq. ft. of space absorbed this period, the slowest rate of increase in occupied stock this year. Much of the quarter’s net absorption can be attributed to new product coming ...
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