Question 7 Consider a retail sub-market which has 1,100,000 total square feet with 950,000 square feet of occupied space and 150,000 square feet of vacant space at the beginning of the year. There were 975,500 square feet occupied at the end of the year. What is the absorption rate for this market? O 15% O 16% O 17% O 18% 10 pts O 19%

Consider a retail sub-market which has 1,100,000 total square feet with 950,000 square feet of occupied space and 150,000 square feet of vacant space at the beginning of the year. There were 975,500 square feet occupied at the end of the year. What is the absorption rate for this market? 15% 16% 17% 18% 19%