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Question 8 10 pts At the beginning of the year, the Tampa CBD office submarket had a total of 9 million square feet, of which

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Question 8 10 pts At the beginning of the year, the Tampa CBD office submarket had a total of 9 million square feet, of which 8 million were occupied. During the year, an additional 393,000 SF was added (new construction), and 1.2 million became occupied (new leases) while 840,000 SF became vacant (leases expired and tenants moved out). What is the approximate vacancy rate at the beginning of the year? 10% 11% 12% 14% 17%

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