Office space absorption will likely increase in the second half of 2013, writes Karen L. Nickerson, vice president and senior credit officer of Moody's Investors Service. This will bode well for office REITs, which remain well capitalized. "Rated office REITs raised a total of $5.3 billion in 2012 consisting of $2.4 billion in unsecured debt, $1.3 billion in preferred equity, and $1.6 billion in common equity," Nickerson notes.

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