TENANT DEMAND MIXED; AIRPORT, WEST COUNTY SHOW GAINS Demand for office space was mixed in the first quarter as the strong market momentum that closed out 2024 failed to carry over early into the new year. Countywide net absorption in Q1 was negative 86,671 SF on tenant contraction in three of the county’s five submarkets that total 117 million SF. The weakness pushed up the overall vacancy rate slightly to 14.68%. The vacancy rate…
