The U.S. office market may have touched bottom, with rents stabilizing, according to real estate research firm Reis Inc.
The vacancy rate hit a 17-year high in the third quarter, Reuters reported. Still, the rate rose by just 0.1 percentage point from the previous quarter, while effective rent was little changed at $22.05 a square foot, suggesting the worst may be over with.
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U.S. Office Market May Have Touched Bottom: Report originally appeared on DailyFinance on Tue, 05 Oct 2010 08:46:00.
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