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DETROIT—Battered by the recession, municipal bankruptcy, and its share of a statewide plague of job losses, few metropolitan areas in the US have suffered as much as Detroit. The office market, however, has recently shown some sign of healing. The office vacancy rate fell to 24.9% during the third quarter of 2013, a level not seen since the fourth quarter of 2009, according to the latest Newmark Grubb Knight Frank market report. Slightly more than 354,000-square-feet was absorbed during the quarter, pushing year-to-date total positive absorption to about 1.1-million-square-feet. The trend reverses a slide that began in early 2007 in both the CBD and suburbs.

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