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LOS ANGELES—The office market experienced a small boom at the end of the year with the 1.1 million square feet of positive absorption—making it the strongest quarter in 2015, according to the 4Q15 office report from Newmark Grubb Knight Frank. As a result, the vacancy rate dropped to 14.5%. However, while this was the strongest market in the quarter in the year, the net absorption rate fell 10.7% below the 2014 total. Still, the quarter showed a surge leading into the next year, and analysts are optimistic.

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