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The market currently has $250 million sf of space. Last year the market experienced a 10% vacancy rate. This year the vacancy rate is 11.5%.

The market currently has $250 million sf of space. Last year the market experienced a 10% vacancy rate. This year the vacancy rate is 11.5%. Last year there was $3 million sf of space removed from the market but 8,375,000 sf of new construction. Given this information, how much absorption was there last year.

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