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Richmond office vacancy is 10 percent at end of first quarter

Apr 21, 2015

Posted on Virginia Business

The Richmond office market ended the first quarter with a vacancy rate of 10 percent, up slightly from the previous quarter, according to a market report from Commonwealth Commercial Inc.

Rental rates among all classes ended the quarter at $17.53 per square foot, representing a 2.3 percent increase in rates from the end of the fourth quarter in 2014, the report said.

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