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| Newmark’s latest office market report had some gloomy data on leasing activity, espe- cially for Cleveland’s central business district, while noting some potential positives and negatives going forward (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw less leasing activity locally since 2009.
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