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U.S. Office Market Forecast to Bottom in 2010

Published Friday, October 30, 2009

The U.S. office market vacancy rate is expected to hit 18.6% in 2010. That would be close to, but would not surpass the historic high of 19.3% set in 1990, according to analysis from CBRE Econometric Advisors. Vacancy is expected to moderate as demand increases in 2011. "While there are signs of improvement in the economy, it is unlikely that the job market will bounce back in such a way that commercial real estate fundamentals will quickly turn around," said Arthur Jones, Senior Economist, CBRE Econometric Advisors in a statement. "The bottom may be coming into sight ...

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