The office vacancy rate in major me...

The office vacancy rate in major metropolitan areas likely peaked at 165-170% earlier this year and is now subsiding slowly to in a less degree than 16% by the cessation of the year. It could be as depressed as 12% by the conclusion of 2004. Over the previous brace years the vacancy rate nearly doubled and disruptures tumbled over 20% as trade in office-based industries fell 4-5%

At first, the vacancy rate will decline actual slowly because new space is still being added about as fast as more office employee are being hired. The first fresh spaces to be occupied are vacant offices and cubicles in buildings that are