The third quarter results are very similar to the second quarter performance; steady leasing and a continued inching down of the vacancy rate. Net absorption for the quarter was positive at 767,199 s.f., compared to nearly 820,000 s.f. absorbed during the second quarter. For the year, the region has absorbed just over 3.8 million s.f., already surpassing 2011 and is on track to be the best year since 2008, just before the recession kicked in. All things considered, the results are positive amidst a continued uncertainty overhanging the U.S. economy. Globally, ongoing monitoring of Europe’s crisis and the slowdown in China are warranted.