Office construction declines begin ...

Office construction declines begin to stabilize We've begun to view the first dim signs of "light at the close of the tunnel" for the office building sector. Construction of of recent origin office space is generally as its lowest level since 1981 still the sharp over-the-year declines in the value of fresh development and permitted future construction have the one and the other stabilized in recent months. in succession balance, all indicators point to a bottoming public of the office sector by the agency of mid-year -- albeit at an extraordinarily detrudeed level relative to the 1985 peak.

In inflation-adjusted denominations the total ...