Rental rates barely moved—up just $0.03 this quarter, staying mostly steady overall.
Vacancy holds steady at 20.3% thanks to less construction and office conversions.
No new office buildings delivered in a year; inventory shrinks through conversions.
Negative net absorption continues for 14 quarters, driven by many small office downsizes.
Class A rents rose to $59.95/SF, while Class B rents dropped slightly this quarter.
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