National Commercial Real Estate News From CoStar Group
UPSIDE AHEAD: Office Recovery Accelerates In First Half, Best Yet to Come
U.S. office occupancy growth and rental rates rose at a modest but steady pace during the second quarter of this year, while the national vacancy rate dipped closer to the 12% mark as new office construction remained at historically low levels in the first half of 2013.
"The office market recovery is accelerating. Although it feels like we're just going from 20 to 25 mph, it is headed in the right direction," noted Hans Nordby, managing director...