Office net absorption grows as jobs are added

01/28/2010 | CoStar Group

The office market posted positive net absorption for the fourth quarter, possibly because of the increase of jobs in the office sector. The sector has added 154,000 jobs since the end of August. "This is simply the most important news in the office market in the last 18 months, and that has set the potential for recovery in the office markets," said Andrew C. Florance, president and CEO of CoStar Group.

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