John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Augustus Gloop who wrote (6711)	8/21/2002 2:26:58 AM
From: Yorikke	of 33421

Office availability nationwide... From [ yesterday’s ]American Banker (Robert Julavits): “[Office] vacancy rates and available sublease space are approaching record highs from Atlanta to San Francisco, according to several reports, and nationwide, supply still vastly exceeds demand.. In 1999 and 2000 you couldn’t build enough office space...but a lot of the space was never occupied,’ and most of that new space has been put back on the market in the past year. PNC said in a report released Wednesday that it found close to 142 million square feet of sublease office space, making up 24% of all vacant office property.” Dallas/Fort Worth second-quarter office vacancy rates were estimated at 25.5%, with 19% in Atlanta, 18.4% in Denver, 18.4% in San Francisco, 18.9% in San Jose, and 19.6% in Salt Lake City. prudentbear.com

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