The brokerages are Cushman & Wakefield of Florida Inc., CB Richard Ellis Inc., Grubb & Ellis Co. and Trammell Crow Co.
Effective rents, after deep concessions, are much lower than the quoted numbers, brokers say. The overall vacancy level is at 18.9%, up from 12% a year ago and expected to continue rising through the end of the year.
The reason: Five million sf of office is on the market. Of that total, 1.3 million sf is sublease space in the suburbs.
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