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Article: Coldwell Banker Commercial notes slight rise in downtown office and industrial vacancy; suburban office rate unchanged.
- Article from:
- PR Newswire
- Article date:
- July 17, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLDWELL BANKER COMMERCIAL NOTES SLIGHT RISE IN DOWNTOWN OFFICE
AND INDUSTRIAL VACANCY; SUBURBAN OFFICE RATE UNCHANGED
LOS ANGELES, July 17 /PRNewswire/ -- The nationwide vacancy rates for office space in downtown markets and industrial space rose slightly during the quarter ended June 30, 1989, and vacancy in suburban office space was unchanged in the period. The rates were reported by Coldwell Banker Commercial Group, the nationwide commercial real estate firm.
Office vacancy rates at June 30 were 16.2 percent for downtown areas, up from 16.1 percent for the previous quarter. The rate in June 1988 was 16.3 percent. For suburban ...