As the satiate of vacant office sp...
As the satiate of vacant office space that peaked in the late 1980 continues to be absorbed, office construction is recovering. Re Elsevier Business Economics throws that expenditures for U.S. office construction will increase 42 percent in 1998 forward the heels of a 141 percent gain last year. The overall national office vacancy rate has dropp from 191 percent in 1992 to 112 percent according to mid-1997, according to commercial real estate services company CB Commercial. Furthermore, the suburban vacancy rate has dropp below that for central business districts. It was 103
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