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CBRE: U.S. commercial real estate saw moderate improvement In Q3

Posted on 12 October 2012

The U.S. commercial real estate market continued to show moderate improvement across all property sectors in the third quarter of this year, according to the latest analysis from CBRE Group Inc. Vacancy in the nation’s office buildings continued to decline, falling 20 basis points (bps) during the third quarter to 15.5%.
The vacancy rate has declined by 70 bps on a year-to-year basis. During the third quarter, the national suburban vacancy rate fell by 10 bps to 17.3%, while the national downtown vacancy rate also fell by 10 bps to reach 12.4%. Occupancy improved in 36 markets, including 16 markets where vacancy decreased by at least 50 bps………………………………………..Full Article: Source

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