Question 9 At the beginning of the year, the Tampa Westshore office submarket had a total of 12.8 million square feet, of which 11 million were occupied. During the year, an additional 212,000 SF was added (new construction), and 1.2 million became occupied (new leases) while 750,000 SF became vacant (leases expired and tenants moved out). What is the approximate absorption rate for this year? O 20% O 25% O 33% O 36% 10 pts O 40%

At the begirning of the year, the Tampa Westshore offee submarket had a total of 12.8 mullion square feet. of which 11 million were occupied. During the year, an additionat 212,000 SF was added (new construction). and 1.2 million became occupied (new leases) while 750.000 SF became vacant (leases expired and tenants moved out). What is the approximate absorption rate for this year? 20% 25\% 33x 36% 40%5