You are the owner of a 50,000 square foot office building in a
market that is currently 17% vacant. The overall market currently
totals 2.6 million square feet, but a new building with 75,000
square feet is expected to come on line in one year, replacing two
smaller buildings which had totaled 35,000 square feet. The market
is relatively strong, with net annual absorption totaling 85,000
square feet per year. A large tenant has just moved out of your
building...