Buffalo Office MarketView Q4 2019

05 mar. 2020

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• The office vacancy rate for Q4 2019 decreased again to 12.0%, down from 12.5% in 2018

• Quality, amenity-filled space continues to be in high demand as employee attraction and retention is key with the current labor shortage.

• The region’s office sector achieved a record positive net absorption with nearly 705,000 sq. ft. absorbed, the largest net absorption total since 2008.