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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mike Learner who wrote (39780)	9/20/2002 1:11:21 PM
From: marketing1	Read Replies (2) \| Respond to of 52237

s&p 500 type companies are still retracting. I own part of a co. in the Phila area (www.aecphilly.com) - this is not a commercial. We have about 500 individual furnished offices in 6 locations which we rent to national/international companies who want a sales office in the Phila area. They represent about 70% of our business. In an economic downturn, there is a known cycle. We are currently in the stage where sales people from the national companies are being forced by their employers to cancel their comfortable, convenient offices with us and work from home and/or retreat to "core" space - this is often a larger amount of office space which the company has on a long term lease in a location which is within 100 - 200 miles from the employee's home. Typically, companies don't do this when they expect business to improve in the short term future. Our business is usually (has been in the past)on the leading edge of an economic recovery because companies are much more likely to commit for a small amount of space for a short term -(6 mo to a year) than a larger amount of office space for a 3 - 5 year lease, so I usually see the economy turning before it is generally apparent. I am watching and waiting.