U.S. Office Vacancies Hit 15.2% — and Rising – WSJ.com


Struggling to cut costs in a raging recession, companies dumped a near-record 25 million square feet of office space in the first quarter, driving vacancy up and rents down, according to data to be released today by Reis Inc.

Businesses that needed to lease space took advantage of the market weakness to extract concessions out of landlords. But the trends exacerbated financial woes for owners, especially those who owe more on their mortgages than their properties are worth.

The office vacancy rate nationwide rose to 15.2% from 14.5% in the previous quarter, and likely will surpass 19.3% over the next three months

via U.S. Office Vacancies Hit 15.2% — and Rising – WSJ.com.

zyakaira notes: it is becoming very easy to setup business these days!

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About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at: http://benchilibowl.wordpress.com http://zyaada.mp

Posted on April 3, 2009, in Financial Markets and tagged , , , . Bookmark the permalink. Leave a comment.

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