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Demand for office space is predicted to rebound for the remainder of this year, causing landlords to stand firm on asking rents as new stock comes online, pushing rates upward.

A new report from Transwestern shows that tour activity is up across most major markets, though “notable deal volume” has not yet materialized. The vacancy rate remains at 12.6% nationally, with net absorption at 22.9 million square feet in Q2.  But annual asking rents are up 1.9% year-over-year, signaling what many believe will be a return to normal sooner than later.

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