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- Lower vacancy rates and higher rental rates have defined transit hub markets when compared to the suburban New Jersey office market for the past several years.
- The transit hub vacancy rate climbed to 19.2 percent at year-end 2016 but remained significantly lower than the 26.4 percent vacancy rate reported in the suburban office market.
- The long-term outlook for transit hub markets remains positive as workforce and client drivers fuel demand for office space in these strategic areas.
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