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Dayton office market recovering
Updated: Friday, 13 Jul 2012, 7:35 AM EDT
Published : Friday, 13 Jul 2012, 7:35 AM EDT
DAYTON, Ohio (DAYTON BUSINESS JOURNAL) - Dayton Business Journal: The Dayton region is seeing improvement in its office space vacancy, but still lags behind the national average.
The Dayton-area office market vacancy dropped 1.7 percent — from January through the end of June — to 26.1 percent, according to Cassidy Turley’s Office Market Snapshot for Dayton in the first half of 2012. This is the first time in three years the area’s vacancy rate has dropped below 27 percent. The downtown area, which has the highest vacancy, saw the greatest improvement, dropping 2.6 percent to 34.4 percent.
The report cited the improving local unemployment rate — down 1.8 percent from last year to 7.3 percent in the second quarter — as a possible reason for activity in the office market.
Read more at: http://www.bizjournals.com/dayton/news/2012/07/12/report-dayton-office-market-shows.html
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