Greater Central Rents Record Largest Quarterly Drop in Seven Years Amid Weak dDemand
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Greater Central Rents Record Largest Quarterly Drop in Seven Years Amid Weak dDemand

Grade A office rents in Greater Central softened significantly in Q3 against a backdrop of weak leasing demand in core areas and a continuing trend of MNCs relocating to non-core areas. A slew of pre-leasing transactions agreed well before the social unrest commenced, contributed to an overall positive absorption, but in general, tenants held off committing to relocations or expansion in the face of growing economic and social instability.

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