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 …

No Comments

No Comments

Leave a reply

You must be logged in to post a comment.