 
          Appendix  |  317
        
        
          
            
              Exhibit V-26
            
          
        
        
          
            INDUSTRIAL ABSORPTION VS. COMPLETIONS
          
        
        
          
            VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MSA
          
        
        
          
            2006-2013
          
        
        
          0
        
        
          500,000
        
        
          1,000,000
        
        
          1,500,000
        
        
          2,000,000
        
        
          2,500,000
        
        
          3,000,000
        
        
          
            2006-2013 Avg. Absorption:
          
        
        
          -4,000
        
        
          
            2006-2013 Avg. Completion:
          
        
        
          1,000,000
        
        
          SOURCE:  CoStar
        
        
          -1,500,000
        
        
          -1,000,000
        
        
          -500,000
        
        
          2006
        
        
          2007
        
        
          2008
        
        
          2009
        
        
          2010
        
        
          2011
        
        
          2012
        
        
          2013
        
        
          Absorption Completions
        
        
          
            Exhibit V-26
          
        
        
          E4-11982.40
        
        
          Printed: 3/27/2014
        
        
          CITY OF CHESAPEAKE