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Has commercial real estate bottomed?

Posted on 08 January 2013

U.S. office space isn’t a very sexy economic indicator, but it’s an important one. We live in a service-driven economy, and commercial real estate vacancies are a very good indicator of whether employers are growing and businesses are starting up … or conversely, whether they are closing up shop.
Unfortunately, the latest numbers show office vacancies remain stubbornly high. According to fourth-quarter numbers from Reis, a commercial real estate research firm, the vacancy rate remains stubbornly high at 17.1%. That’s down from a peak of 17.6% in Q3 and Q4 of 2010, but hardly much improved — especially considering the 12.6% rate in 2007 before the financial crisis………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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