{"id":708928,"date":"2010-04-05T11:00:13","date_gmt":"2010-04-05T15:00:13","guid":{"rendered":"tag:consumerist.com,2010:\/\/1.10004129"},"modified":"2010-04-05T04:09:52","modified_gmt":"2010-04-05T08:09:52","slug":"office-vacancies-hit-highest-rate-since-1994","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/708928","title":{"rendered":"Office Vacancies Hit Highest Rate Since 1994"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/consumerist.com\/assets_c\/2010\/04\/emptyoffice-thumb-240x192-38927.jpg?w=780\">         <\/p>\n<p>Someone should tell those cats that have been <a href=\"http:\/\/consumerist.com\/2010\/04\/as-miami-homes-enter-foreclosure-cats-move-in.html\" >taking over abandoned homes<\/a> that there are also plenty of empty offices waiting for them to frolick in &#8212; A new report says that there office vacancies in the first quarter of 2010 reached its highest level since Kurt Cobain was still alive.<\/p>\n<p>According to the study by Reis, Inc., 17.2% of U.S. office space is unleased; it hasn&#8217;t been that bad in 16 years. It&#8217;s also a 2% increase from the same quarter last year. <\/p>\n<p>But, say the folks behind the study, the high number of vacancies shouldn&#8217;t necessarily dampen hopes that the economy is recovering. <\/p>\n<p>Says Reis&#8217; director of research:<\/p>\n<blockquote><p>As labor markets stabilize, we expect occupancies and rents to require another 12 to 18 months before showing signs of improvement, given typical lags in commercial real estate&#8230; Even as occupancy continues to deteriorate, we&#8217;re observing signs of renewed leasing activity across different metros.<\/p><\/blockquote>\n<p>Not shockingly, Detroit was the real estate market with highest vacancy rate &#8212; 26.2%. Meanwhile, Washington, D.C., has the fewest empty offices with only a 10.4% vacancy rate.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/idUSTRE6340FH20100405\" >Office vacancy rate hits 16-year high<\/a> [Reuters]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Someone should tell those cats that have been taking over abandoned homes that there are also plenty of empty offices waiting for them to frolick in &#8212; A new report says that there office vacancies in the first quarter of 2010 reached its highest level since Kurt Cobain was still alive. According to the study [&hellip;]<\/p>\n","protected":false},"author":3605,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-708928","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2Yqk","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/708928","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/3605"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=708928"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/708928\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=708928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=708928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=708928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}