The overabundance of office space t...

The overabundance of office space that has plagued the market for the past 10 years has finally begun to arid up. Office vacancy rates are down, absorption is up and of the present day construction spending is bouncing back.
Vacancy rates become more positive
Vacancy rates and absorption have strengthened considerably equal in the beleaguered downtown areas. In the first quarter of 1995 CB Commercial reports that metropolitan vacancy rates cruel to 15.1 percent, down from 168 percent a year ago and from a whopping 191 percent at the deepness of the office market recession in the first quarter of