Office Rental Market is Stable - Fall 2003

 The latest market data indicates some stabilizing in the downtown office market.  Vacancy in Class “A” office space increased to double digits over the past few years as the nation stepped through a recession.  Today there is a glimpse of recovery as recent office surveys indicate downtown Class “A” office vacancy at just above 10%.  However, vacancies have remained at an uncomfortable level long enough for some building owners to begin to offer rent concessions.