The Cumberland office market ended the third quarter 2010 with a vacancy rate of 19.26%. This vacancy rate represented a 0.13 percentage point increase over the previous quarter, when it was 19.13%.  The increase in vacancy occurred in a quarter where Cumberland saw negative 32,480 square feet in net absorption and no new deliveries. Quoted rental rates ended the third quarter 2010 at $18.60 per square foot, up from $18.50 per square foot in the second quarter 2010. At the end of the quarter, there was nothing under construction in the Cumberland office market.

Class A projects in Cumberland reported a third quarter 2010 vacancy rate of 17.18%, up from the 17.12% reported at the end of second quarter. Net absorptionwithin the class A sector totaled negative 8,300 square feet for the quarter, and no new deliveries were reported. Quoted rental rates for available space within the class A sector averaged $20.53 at the end of the quarter, down from the $20.56 that was reported in the second quarter. There was nothing under construction in the class A market at the end of third quarter.