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Market Analysis <br /> <br />CBRE VALUATION & ADVISORY SERVICES 17 © 2025 CBRE, INC <br /> <br /> <br />Submarket occupancy is projected to be 95.0% at the end of the current year, which represents no change <br />from the previous year’s submarket occupancy of 95.0%. Submarket occupancy for next year is projected <br />to be 95.4%, reflecting an increase from the current year. <br /> <br /> <br />Net absorption in the submarket is projected to be negative 2,647 square feet at the end of the current year, <br />reflecting an improvement from the previous year’s net absorption of negative 81,862 square feet. Net <br />  <br />  <br />City Council 17 – 33 2/17/2026