FEBRUARY 1, 2007
COMMERCIAL VACANCY RATES TO NOSEDIVE
- The Real Deal
Vacancy rates plunged and rents soared in the last month of 2006, capping off a record year for commercial real estate in the city. According to numbers from brokerage Colliers ABR, the vacancy rate for Class A properties shrank to just 6.0 percent - down from 6.5 percent in November and from 7.4 percent a year ago - as tenants continued their quest to rent every nook and cranny in the major office districts.
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