Net absorption during the first quarter was negative 34,000 sq. ft. compared with positive absorption of 5 million sq.
ft. during the same period last year.
Continued steady job gains have led to positive performance in the office sector, even though total absorption was 28 million sq. ft. in the first two quarters of the year, down from 38 million sq.
ft. during the same period last year, according to Marcus & Millichap data.
Not exact matches
There was 8.1 million sq.
ft. of new construction starts
during the first half of 2000, compared with 7.9 million sq.
ft. over the
same period last year.
Revenue per sq.
ft. at U.S. stores stayed flat with revenue reported
during the
same period last year, at $ 854.