The Burlington Free Press reports that a new report by Allen & Brooks, a South Burlington-based real estate analysis firm, has found that the "vacancy rate for Chittenden County office space has hit a record high" at 10.4 percent. This means that "708,000 square feet of office space sits idle in Chittenden County." Six months ago, 7.4 percent of office space was vacant. "The vacancy level is well above the 15-year average of 6.4 percent -- mostly because of underused space in Burlington's suburbs and departures of companies like Qimonda, the report said. The office vacancy rate in the city's suburbs is 12.7 percent, a record high." The report also concluded that this rate will continue to rise.

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