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Regional Data — continued <br />OPTICS A)$ORP[ION, CONSTRUCTION 4 VACANCY <br />5 M <br />4M <br />3M <br />211 <br />Li <br />lM 1 <br />`1 OM <br />(U_i:a] <br />(1M) <br />(2M) <br />• ABSORPTION CONSTRUCTION <br />• VACANCY <br />20% <br />1 <br />9.6 19.9 19��_ <br />18 4 ! • 16 "a <br />IS y v` S 1b-C# 15 6 Ifi.7 ki <br />12% <br />8% <br />(1.83) <br />4€. — -- 0.18 <br />09 <br />(}-00 00 _ <br />(4%) <br />(8%) <br />0.98 0 63 4s� <br />El <br />(3M) 2008 2009 2010 2011 20`. 2013 2014 201S 2016 2017 1H 18 <br />(10%) <br />Office vacancy is still the highest of the four major building sectors. New construction is typically limited <br />when vacancy is over 10%. That said, there has been some new construction of office in strong areas, <br />such as the North Loop. Vacancy trended downward from 2010 to 2016, but new construction in 2016 <br />has increased the vacancy rate in 2017 and 2018. <br />INDUSTRIAL ABSORPTION, CONSTRUCTION 3 VACANCY <br />5,;,occ CsuYvnar, ► Wikehold <br />5M <br />• ABSORPTION <br />(2.38) <br />(3M) 2008 2009 2010 2011 2012 2013 2014 J1S .016 201 IM 18 <br />Vacancy has been trending downward over the past four years. Buildings with high clear height tend to <br />have stronger demand in the current market. <br />