Xceligent has released their Market Trends Q1/2015 report for commercial office space. The news is positive with a great first quarter and 125,539 SF positive absorption. Vacancy rates have also dropped from 14.02% to 13.28%.
Vacancy rates are on the low end for Class-A properties 8.6%, Class-B sit at 14.9% and Class-C stands at 19.4%. The market is rebounding and continues to grow at modest but steady levels as businesses recover from the recession.