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Market Insight Snapshots

Insights Markets

04/01/2022

Q1 2022 Eastside Market Snapshot

The first quarter of 2022 saw a slowdown in leasing activity from the spike in Omicron COVID cases, which further delayed corporate America’s plan to return employees to the office. From a statistical and transactional perspective, Q1 2022 was inconsequential. Vacancy rates trended slightly higher, rental rates treaded water (after strong increases through 2021), and large tenant activity paused. That…

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