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<br />Nagell Appraisal Incorporated | 952.544.8966 Page 17 <br /> <br />Regional Data – continued <br /> <br /> <br />Office vacancy is still the highest of the four major building sectors. New construction is typically limited <br />when vacancy is over 10%. Vacancy trended downward from 2010 to 2015, but new construction in 2016 <br />has increased the vacancy rate. <br /> <br /> <br /> <br />Vacancy has been trending downward over the past three years. Buildings with high clear height tend to <br />have stronger demand in the current market.