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Strategies & Market Trends : Strictly: Drilling II

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To: cliffp who wrote (25314)1/10/2003 4:55:56 PM
From: Fun-da-Mental#1  Read Replies (2) of 36161
 
cliffp, re. silicon valley vacancy rates, I saw a nice breakdown of the figures in a local paper the other day. Occupied space has been holding steady over the past year, but vacant space has been growing fast. That means all the construction projects started during the boom are now being completed - it's too late to call them off. Even just 50% occupancy is better than canceling the project and taking a total loss. But the fallout for real estate investment will be brutal.

Historical note: The empire state building was completed in 1933. It used to be known as the "empty state building" until after WWII.

Fun-da-Mental
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