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ct;—I .., <br />ci) <br />a)''' ct LL <br />V (0 <br />Sf—) I <br />N <br />C <br />� � <br />A— F4 <br />C) <br />(1) <br />;'I F4 <br />wiw" <br />CA o <br />4,5 <br />C"mmi CD <br />C) ,m? <br />(1) <br />c\I ;'i <br />CI) (1) <br />16 <br />C1 c9 <br />a � Cl) N <br />u) '"Il <br />(7) c4.1 <br />AJ <br />=, <br />a V. N <br />. • ,_,, <br />. -1--) <br />co <br />Lll <br />g cA F4,c) c,) <br />SF Net Absorption <br />Vacancy Rate <br />cate change from previous quarter. <br />FIGURE 1: Quarterly and Annual Net Absorption vs. Vacancy <br />C.) o 0 0 0 0 0 0 0 <br />�o u'1 m N 0 <br />0 <br />c0 <br />c <br />0 <br />Du_ <br />Q <br />Z <br />MARKET OVERVIEW <br />N <br />N <br />0 <br />cNI <br />a) <br />0) <br />.0 <br />0 <br />E <br />N <br />-o <br />a) <br />0 <br />c0 <br />0 <br />E <br />co <br />-o <br />a <br />c0 <br />a) <br />a) <br />0 <br />■ <br />■ <br />N l0 Lfl - m N c-1 0 <br />O <br />E <br />0 <br />a <br />c0 <br />0 <br />CO <br />i <br />O <br />c0 <br />— Vacancy rates were 3%, a decrease of 120 basis points year -over -year. <br />c0 <br />0 <br />0 <br />0 <br />L <br />LC) <br />4- <br />0 <br />O) <br />O <br />r <br />-o <br />a) <br />cos <br />a <br />0 <br />O <br />U) <br />0 <br />a.) <br />0 <br />E <br />O) <br />CO <br />a) <br />C0 <br />0- <br />co <br />LE <br />-o <br />a) <br />a) <br />> <br />a) <br />0) <br />-o <br />co <br />vi <br />a) <br />c C0 <br />— +, <br />L <br />c a) N <br />U - 006 <br />a� <br />a) N <br />cc U Cn 7, <br />co-0 C0 6� +, a) <br />CU <br />o O N `_ i s <br />o cu <br />U E <br />00 a +_co co�+ 0 c0 c <br />3 2 z 0 <br />. <br />c a , <br />0 _ 0 E <br />c C'') N § <br />>, O <br />+' <br />o a 0 8 <br />cN(0 =44 <br />.���.�c <br />L 0 <br />a+,) C > a2 o M <br />CO = 2 a--' <br />'U :70 <br />000c 0o \ L+�' 0 4-1Do.)N(/) L a) U C <br />0 U*(7)c0 Q <br />'L <br />0 O V) N 0) N L <br />a) c0 <br />TD <br />-0 C N -0 E <br />O N cn <br />O m CO M co <br />a) w <br />CU - @ 0 ? a) <br />w <br />0 c00 a) <br />O 2 O a) }' <br />a ° o }, > a� 0 <br />cn cD m Z cn O Z Z <br />r-I <br />N <br />O <br />0 <br />O <br />00 <br />r-I <br />N <br />r-I <br />O <br />N <br />r-I <br />O <br />Vacancy Rate <br />0 <br />L.r)-I NO <br />N <br />O <br />Cr) <br />O <br />0 <br />I I I <br />O <br />Source: CBRE Research, 03 2022. <br />© 2022 CBRE, INC. <br />CBRE RESEARCH <br />• <br />