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Many U.S. office markets to improve in 2013, accelerating in 2014

Posted on 28 November 2012

The office vacancy rate will continue to decline in 2013 and more so in 2014, according to the CBRE Group. The rate will fall to 14.9% next year and 13.8% in 2014, according to the commercial real estate brokerage firm.
“The way I’d characterize the office market recovery is ’slow and steady,’” says Arthur Jones, senior managing economist at CBRE Econometric Advisors in Boston. “The level of office-using employment is only 2.4% below the pre-recession peak in 2008,” he says………………………………………..Full Article: Source

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