Steady Drop In US Office Vacancies A Sign Of Recovery

Law360, New York (July 12, 2012, 4:17 PM EDT) -- U.S. commercial property vacancies fell to their lowest levels in three years in the second quarter of 2012, according to data released this week, continuing a slow but steady recovery for the commercial housing market that industry experts said will continue into 2013.

Office vacancies fell by 30 basis points in the second quarter to 15.7 percent, their lowest level since 2009, according to a report released by commercial real estate services firm CB Richard Ellis Group Inc. this week. Office vacancies peaked in the second...
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