Cities and suburban markets in the Mid-Atlantic show a common trend. Generally, absorption is positive, vacancy rates are declining slowly and rents are steady or rising slightly. Large transactions tend to be renewals or relocations within the local market.

While the trend is modestly positive from an overall economic standpoint, modest is the operative word. Tenants are cautious, jobs drive activity and cost-effectiveness is a dominant theme. Class A space tends to report higher vacancy than class B space in each market, with a desire to conserve funds and reduce occupancy costs.

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