University Center Research Team Dr. Scott Dempwolf, Ph.D., EDA Center Director Zhi Li, Ph.D. student Kerry Li Fang, Ph.D. Student Jiemin Wu, Ph.D. student.

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University Center Research Team Dr. Scott Dempwolf, Ph.D., EDA Center Director Zhi Li, Ph.D. student Kerry Li Fang, Ph.D. Student Jiemin Wu, Ph.D. student University of Maryland, College Park U.S. Economic Development Administration University Center Dr. Marie Howland, Ph.D. June 28, 2014 Real Estate Condition in Montgomery County, Maryland

Economic Recession ( ~ ) Office Total Vacancy Rate has decreased by around 0.6% from Q to Q Sources: CoStar Group, January 7, 2014

Economic Recession ( ~ ) Office Total Vacancy Rate has decreased by around 0.6% from Q to Q4 2013

Economic Recession ( ~ )

Office Total Vacancy Rate has decreased by around 0.6% from Q to Q Economic Recession ( ~ )

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