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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: cliffp who wrote (25314)1/10/2003 4:55:56 PM
From: Fun-da-Mental#1  Read Replies (2) | Respond to 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



To: cliffp who wrote (25314)1/11/2003 5:48:37 PM
From: t4texas  Respond to of 36161
 
if you are in san francisco, you probably know that the vacancy rate in sacremento is only 9%. state government there and in most places has grown out of control due to the taxes during the boom years. no more tax receipts, but the government does not get laid off. what is up with that.



To: cliffp who wrote (25314)1/11/2003 6:43:36 PM
From: t4texas  Respond to of 36161
 
in late 80s houston had more Vacant office space than san francisco had Total office space.


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