And while companies continued to move in and out of space, this quarter showed a positive net absorption of 205,716 square feet.

But leasing activity does not provide any clues about net absorption, which is the year-to-year growth of space occupied by tenants.

Such figures, representing true net absorption of space by the office market, are not systematically tracked in New York City.

As a result, there's been a slowdown in the net absorption of space, which is leading to higher vacancies and more modest rent growth.

Otherwise there is net absorption and the power of the wave is reduced during passage through the medium.

In the same period last year, the net absorption was 307,000 square feet.

Therefore, transitions from the lower to the higher level are more probable than the reverse, which is why there is a net absorption of energy.

This will be a prosperous year with positive net absorption.

This leaves the office market with 100,000 square feet more space available than was occupied, a phenomenon called net negative absorption.

Furthermore, 1991 was the only year with net negative absorption.