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Photo of Spencer Levy “Despite the slight rise in vacancy, we see the new supply as healthy overall,” says Levy.

LOS ANGELES—The fourth quarter saw an average increase of 10 basis points in the US office market, CBRE said Thursday, with vacancies up 10 bps year over year to 13%. It represented the first annual increase nationally since 2010.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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