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Office Statistics

United States | Fort Lauderdale, FL

Report | Fort Lauderdale Office Statistics - Q1 2011

Summary

Overall, the market remained challenged with another quarter of significant negative net absorption, increased vacancy and continued downward pressure on rental rates.
• County vacancy increased 65 basis points.
• Negative net absorption was 122,307 square feet largely due to law firm closures.
• Suburban market vacancy stretched beyond 20.0 percent for the first time since 2003.

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