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Vacancy continues to tighten, prompting rents to reach new heights

  • ​Market wide vacancy has trended downward year to year, squeezing the amount of quality product in the market and pushing rents higher.

  • From 2015 to 2017 there has been a 29% drop in quality available space market wide. However, QTD 2018 ticked slightly higher than 2017 levels, and should continue to do so as pieces of the 3.3 million square feet in the pipeline continues to deliver during the year.​

Source: JLL Research ​

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