Office Market Recovery Slows To A Crawl
(Reuters) – The office market’s recovery, which began a year and a half ago, slowed in the past three months as weak employment and worries about the economy discouraged renters, according to a report by real estate research firm Reis Inc.
The vacancy rate did not budge.
Prices barely increased.
The vacancy rate – at 17.2 percent in the first and second quarters of this year – is only slightly below the 17.6 percent at the end of 2010 when the recovery began.
