Thursday, April 2, 2009

Office Vacancies15.2%

Office Vacancies are up 70 bps to 15.2% according to the REIS' data.

It's going to get much worse than that. I expect it to exceed 20% by year-end.

Don't read the WSJ article about this, btw, LingLing muddles fact and fiction. The headline is accurate though, and their graph is very nice (see right).

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