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- Rents continue to push higher despite cooling absorption.
- Average overall rents are highest ever.
- An expanding economy and advancing workplace efficiencies have given rise to a tightening of parking capacity.
- Total Vacancy: 17.5%
- Average Lease Rates: $25.60
- Net Absorption: 213,902 square feet
- Construction: 1,643,643 square feet
- New Completions: 172,906 square feet
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