Office market on uneven ground.(Brief article)

The U.S. office vacancy rate rose upward for the second consecutive quarter--after nearly five years of rising occupancy. New office developments also came online during the first quarter, further adding to the increase in vacancy rates. While rising rents continue in both downtown and suburban leases, the problem of new supply will continue over the next three to four quarters. That factor--combined with lowered business confidence resulting from unstable financial markets the massive layoffs in the housing and financial sectors--is likely to keep the office markets in flux across the nation. For the full report, visit www.colliers.com.

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