ReisReports recent update on the national office market included
15th June, 2012 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments
both the statistic that the national vacancy rate fell to 17.2 percent but cautioned “The sector continues to be hampered by the anemic pace of improvement in the job market. Two and a half years after the advent of the economic recovery, the labor market is struggling to consistently gain more than 200,000 jobs per month.” So for most parts of the U.S., it will be a slow grind back up the hill and the vacancy rate needs to get below 10 percent before developers begin dusting off their new office development plans which have sat in closets and storage bins for many years …
Tags: Bay Area, California, Class A, Colliers, commercial, commercial property, Commercial Real Estate, East Bay, Economic Recovery, economy, investment, jeff.weil@colliers.com, Jeffrey Weil, labor market, market, national vacancy rate, Northern California, Oakland, office, office building, office market, office space, properties, real estate, recovery, ReisReports, ReisReports recent update on the national office market, San Francisco, San Ramon, vacancies, vacancy, vacant, Walnut Creek
Posted on: June 15, 2012
Filed under: Business Expenses, Commercial Properties, Financing, Office Leasing, Real Estate Investment, The Economy, Uncategorized
No Comments
No Comments
Leave a reply
You must be logged in to post a comment.