Monday, April 26, 2010

Office vacancy rate hits 16-year high = make for suite deals


[mEDITate-OR:
not see if both CR, AP and John Schoen are talking to U.S. about it..., it's BFD...
{or something like that...}
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Office Vacancy Rate
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Office vacancy rate hits 16-year high
The U.S. office vacancy rate in the first quarter reached its highest level in 16 years, but the decline in rents eased
And crept closer to stabilization, according to a report by real estate research firm Reis Inc
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Empty office buildings make for suite deals
With vacancy rates at a 16-year high, rents have tumbled

It may be a tough time to get a loan to start or expand a business. But if you're looking for office space, there are some suite deals out there.

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