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The Birmingham Industrial Market experienced 60,677 sf of positive absorption in the first quarter of 2013, a significant change from the negative 111,117 sf of negative absorption that occurred in the fourth quarter of 2012. The direct occupancy rate increased slightly to 83.6%, up from 83.1%. The overall occupancy rate, which factors in available sublease space, was 80.3% at the end of the first quarter of 2013.
Source : Cushman & Wakefield
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