December 09, 2010 at 17:51 PM EST
Office Glut Is Expected To Top In '11
The U.S. office vacancy rate is expected to peak next year at about the same rate as it did in the last downturn, but high unemployment and vacant space that companies are retaining are likely to drag out a recovery, CBRE Econometric Advisors says. Rebounds in demand for office space, and warehouse and distribution centers, are expected to be sluggish for different reasons, according to two reports by the research arm of real estate services firm
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