ALLEN MAYER
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Commercial Toronto News
Jul 13, 2010
U.S. Office Market Report
Average vacancy rate for U.S. central business districts has declined for the first time since 2007.
Category: General
Posted by: allen mayer
Cushman Wakefield reported midyear 2010 statistics for the U.S. office market that show the average vacancy rate for U.S. central business districts (CBDs) has declined for the first time since 2007.
The average U.S. CBD vacancy rate was 14.8 percent at midyear 2010, a 0.2 percentage point decrease from 15.0 percent at the end of the first quarter of 2010. The average vacancy rate for U.S. CBDs had been climbing steadily for nine quarters, since it bottomed in the fourth quarter of 2007 at 9.7 percent.
Posted:
Allen Mayer | Broker
www.commercialtoronto.com