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Given the following data, calculate the markets year-end vacancy rate. Total space at start of year: 1.12MM square feet Occupied space at start of year:

Given the following data, calculate the markets year-end vacancy rate.

Total space at start of year: 1.12MM square feet

Occupied space at start of year: 1MM square feet

Occupancy at start of year: 89.3%

During year: 200K in new supply delivered; tenants move into 200K square feet and vacate 100K square fee

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