Climbing Office Vacancy Rate Generates Good and Bad News - Fall/Winter 2001

The recession has impacted leasing in every sector. Downtown and I-75 office markets report vacancy rates of 10% and 19%. So why aren’t real estate brokers in a panic? First, they remember the 1990 recession when vacancy rates were a dismal 30% across the board. Second, larger blocks of available space can actually be a plus for businesses with relocation and expansion plans.