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Suppose a certain market has 1 million sf of currently

Question: Suppose a certain market has 1 million SF of currently vacant space, 2 million SF of space under construction, and annual absorption of 1.5 million SF. What is the months supply in this market? If the average project takes two years to complete, would you say this market is oversupplied, meaning that there is no need to pursue any new development projects?

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