Leasing Activity Increases Over Last Quarters Vacancy Spike; Net Absorption Begins To Stabilize
MARKET OVERVIEW
Last quarters spike in negative net absorption presented firms who have been trying to expand their operations in the Tri-Cities office market an opportunity to do so. Kaiser Permanente, ATI Systems International and other firms are expanding their opertations and leasing activity increased to 585,600 SF for the quarter, more than double the level of leasing activity that occurred in the previous quarter.
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