Office Vacancy at 17-Year High
I read over at Calculated Risk (which got its data from Reis) that commercial office vacancies are at a seventeen-year high. I linked the Calculated Risk graph below:
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdRxzXI5hi2OVj9DkbeJK9aKB6olsuRZWwqe8SPePtBuFxDRahxXF48yHzyV1JEHsCK5NyiuiC-AzemiXqFZtzVdvJwSiZmYQSbDgN2a8n__p5kXjz6lKZmCSxLyu64AO_Vd51/s320/OfficeVacancyRateQ32010.jpg
Graphically, it looks like the rate of decline in occupancy rates has slowed and looks to be leveling out. Rents appear to be stabilizing, too.
Tuesday, October 05, 2010
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