You are the owner of a 50,000 square foot office building in a market that is currently 17% vacant. The overall market currently totals 2.6 million square feet, but a new building with 75,000 square feet is expected to come on line in one year, replacing two smaller buildings which had totaled 35,000 square feet. The market is relatively strong, with net annual absorption totaling 85,000 square feet per year. A large tenant has just moved out of your building however, and your vacancy is currently 35%. (1) What is the projected market vacancy after one year. (2) What fraction of the annual absorption would you have to achieve in order to fill your building? (3) What fraction would you need to achieve "fair share" (the same vacancy as the overall market)?