It predicts metrowide occupancy will fall to about 93% by year'send, as jobs losses continue with an estimated 51,000 cuts in 2009and 2,230 units are expected to come online. Despite this, thereport projects asking rents will climb nearly 2% this year.

Ralph DePasquale with Hendricks & Partners says he doesn'texpect significant losses to occupancy this year and that themarket has already seen the bottom.

"Overall the market is operational and holding up fairly well,"he tells GlobeSt.com. "Landlords saw some effects from job losses,but last fall we really saw the numbers drop from mid- to low-90sin occupancy. That's about where we still are right now overall,and I think it should hover right around there going into the restof 2009. It's all going to be related to jobs as the drivingfactor, but what we see is things being fairly stable from thispoint forward."

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