The national office vacancy rate dr...

The national office vacancy rate dropp 06% in the winter quarter to 154% Developer did not react immediately to this large decline as they boost office construction spending solely 1.3% (barely exceeding inflation) during the quarter, according to CB Richard Ellis.

Office vacancy rates at the beginning of spring remained too high in greatest in quantity markets to support a pickup in speculative building. However, sturdy absorption of vacant space is anticipated in the spring, which will bring many markets to the beginning of the expected surge in office construction. As a eventuate office ...