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State of the Central Texas Commercial Real Estate Market
The Central Texas office market ended the third quarter of 2008 with a vacancy rate of approximately of 12.6 percent versus 11.6 percent at the end of the second quarter. Nationally, office vacancy rates are running a little under 12 percent, meaning Austin is approximately 0.6 to 0.7 percent higher than the national average. Subleases are on the upswing.
Your professional assistance allowed us to structure a lease providing us an environment for service to our clients. Our service-oriented business will continue to growth. Our continued success will surely call for your assistance in the near term.