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THE WOODLANDS - With the realization that the price of oil will remain lower for longer, businesses are trying to cut rents, consolidate workforces and downsize to balance the books.
In The Woodlands, the high-end office market is hovering below a 10 percent vacancy rate or 1.1 million sf of space, which is in contrast to the area's five-year vacancy rate average of 6.9 percent.
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