Report: Office market absorption continues slide

07/18/2008 | Commercial Property Executive

The U.S. office market continued to slide in the second quarter as it fought increased vacancy rates, according to a report issued Thursday by Colliers International. But Ross Morse, executive vice president and director of market and economic research at Colliers, noted that much of the negativity in the national report stems from cuts in the Manhattan market. "If you think of what's going on in Wall Street, we actually have positive absorption (nationally)," he said.

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