In the 69-building service center category, the vacancy levelhas dropped to 16.4% from 18 % in the second quarter. But withprojected annual net absorption of only 200,000 sf, it will takesix years to absorb the 1.1 million sf available in this southOrlando market, says Lyle N. Nelsen, Rebman's corporate andindustrial specialist.

"That's a big challenge," Nelsen says, especially sincethird-quarter net absorption totaled only 41,434 sf. Only seven outof the 69 centers monitored quarterly by Rebman reported negativeabsorption.

"Twenty centers reported a gain, leaving 42 centers remainingthe same as last quarter," the broker says. "This, again, reflectsa slow-moving market."

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