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Will the Lack of Overbuilding Keep Office Markets Healthy?

March 25, 2009

Analysis of:Office Forecast: This Downturn is Different | www.globest.com

This article disputes the widely-held premise that lack of overbuilding will keep office markets healthy, or at least prevent a blood bath, during the economic downturn. Office vacancies are rising and rents are pulling back primarily because of unprecedented office job losses. Deteriorating fundamentals will mean lower building values, creating impending distress conditions and buying opportunities.

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