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

To: Fun-da-Mental#1 who wrote (25326)1/10/2003 5:20:28 PM
From: cliffp  Respond to of 36161
 
fdm, thanks, that is good information. That helps to explain what is happening in Silicon Valley. I know here in SF that south of Market has a lot of buildings with vacancy signs. They were old buildings that were made into offices for the dot.bomb companies. It will be a confirmation of recovery when we see higher office space occupancy and higher factory utilization. Meanwhile, we may even see rental rates come down at some point.



To: Fun-da-Mental#1 who wrote (25326)1/10/2003 6:12:55 PM
From: Mannie  Respond to of 36161
 
Just east of Seattle, in Bellevue. The vacancy rate rate has hovered around 30% for over a year. That does not even take into account the four huge plots of ground where projects sit uncompleted. Who knows what will happen with those.

I believe that in the city itself, the average is around 24%. But in some neighborhoods where new projects are completed, vacancy is up around 40%.


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