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The narrative this quarter surrounds the development pipeline and its continuous activity and growth. Following the crash of oil prices in late 2014, demand in the market subsided leading to a significant slowdown in development. This led to the current market situation, where very few large blocks of space are available. Presently, there are only twelve 50,000 square foot blocks of space and nineteen 120,000 square foot and greater options, for lease on the market.
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