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United States | Hampton Roads, VA

Report | Hampton Roads Office Insight - Q3 2016

Summary

Class A direct asking rents rose for the second straight quarter as direct vacancy rates within the class dropped to 10 percent. While Class B also saw vacancy rates shrink, rents did not rise in conjunction like we saw in the Class A market.

Across the market, occupiers continue to reduce the size of their footprint, regarding of their financial situation, as technology reduces the amount of employees needed in the office at one time.​

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