Summary
Despite sluggish leasing activity and a weakening overall economy, the city's office real estate market remained relatively strong in 2007, with three of its largest and most prominent buildings changing hands, according to a year-end report by Colliers Dow & Condon.
The overall vacancy rate in office buildings was 15.2 percent last year, up from 14.5 percent the previous year, according to Colliers Dow & Condon, which tracks occupancy levels in 51 office properties. The 2007 figure includes an 8.6 percent vacancy rate among Class A buildings and 23.2 percent vacancy among Class B buildings.See the full content of this document
Extract
Outside Investors Boost City Leases
"It's becoming a tight market," said John Keogh, senior broker at the commercial real estate firm. Yale University, the l...
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