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Market Trend: Inland Empire’s Office Vacancy Decreases to 12.3%

The Inland Empire Office market ended the third quarter 2013 with a vacancy rate of 12.3%.

The vacancy rate was down over the previous quarter, with net absorption totaling positive 482,133 square feet in the third quarter. That compares to positive 376,367 square feet in the second quarter 2013. Vacant sublease space decreased in the quarter, ending the quarter at 44,964 square feet.

Tenants moving into large blocks of space in 2013 include…

via Inland Empire Commercial Real Estate News From CoStar Group