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ST. LOUIS-According to Cassidy Turley, there’s been improvement in the national office market in the second quarter, with nearly all the metrics used to gauge the health of the sector showing as the numbers as stabilizing or mild signs of recovery. However, the company believes that looking beyond the numbers shows a case of haves vs. have-nots, with the major markets of New York City, Boston and Washington, DC hogging all the demand, and not much going on in the rest of the country.

According to the company’s Q2 office trends report, vacancy remains flat at 16.9%, and average rents fell slightly to $21.56. Absorption should continue, as there’s only about 33 million square feet in the development pipeline, as compared to almost double that at 61 million square feet delivered in 2008, said the company.

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