Exhibit V-17
OFFICE ABSORPTION VS. COMPLETIONS
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MSA
2006-2013
500,000
1,000,000
1,500,000
2,000,000
2006-2013 Avg. Absorption:
450,000
2006-2013 Avg. Completion:
900,000
SOURCE: CoStar
(1,000,000)
(500,000)
-
2006
2007
2008
2009
2010
2011
2012
2013
Net Absorption Completions
Exhibit V-17
E4-11982.40
Printed: 3/27/2014
CITY OF CHESAPEAKE
