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Real Estate


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April 22, 2004

PREP

Pacific Real Estate Partners' Scott Carter reports the number of vacant South End industrial spaces over 100,000 square feet decreased 20 percent since the end of 2003. It was the third consecutive decrease in as many quarters, according to Carter, who issues a quarterly report called Valley Watch. In South King and Pierce counties, there were 33 users actively seeking spaces of at least 50,000 square feet. Together, that demand totals nearly 5.4 million feet. The median asking shell rental rate dropped 1.4 percent during the quarter.




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