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OFFICE VACANCY DECLINES IN MAJOR MARKETS IN Q2 2013

OFFICE VACANCY DECLINES IN MAJOR MARKETS IN Q2 2013

Miami — June 26, 2013 — Office vacancy rates declined in most major U.S. markets during Q2 2013, according to preliminary data from CBRE Group, Inc. Ten of the 13 largest markets showed declines in office vacancy, led by Boston and Houston. Industrial availability* continued to decrease in major U.S. markets as well, according to CBRE. Miami posted the largest decrease in industrial availability, dropping 100 basis points (bps), to 8.1%.