The office vacancy rate cut down 0....

The office vacancy rate cut down 0.2% to 16.6% in the next to the first quarter, according to the CB Richard Ellis scan West Coast cities and Charlotte, NC had the mostly improvement while the largest increases in vacancy rates occurr in the just discovered York-Philadelphia corridor, Cleveland, and Detroit.

Nationally, suburban buildings averaged an 18% vacancy rate, well above the 14% rate for downtown buildings. The national vacancy rate will continue to ease lower into nearest year and then decline more quickly into 2006

Across all markets, trap absorption strengthened during the quarter,