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U.S. Office rebound to be delayed by ‘shadow’ space, Rosen says

Posted on 23 November 2010

From Bloomberg: The U.S. office sector will be the slowest to recover as companies work through empty space and technology reduces their need for square footage, said Kenneth Rosen, a University of California, Berkeley, professor.
Unoccupied “shadow inventory” makes up 5 percent of total business leases, and that space will be filled before firms sign new rental agreements, Rosen, chairman of Berkeley’s Fisher Center for Real Estate and Urban Economics, said at a conference in San Francisco……………………………………….Full Article: Source

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