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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.
The Buls Hodge team was accurate, dedicated, and professional in fulfilling our company's real estate needs. We couldn't have asked for a better firm to represent us in such a critical decision in our company's expansion.