- Growth slowed in the amount of occupied office space nationally, research company Reis said.
- The change was not large – 0.12% growth in the second quarter compared with 0.18% in the first – but the rates pale in comparison with pre-recession increases.
- A vacancy rate of 17.2% was unchanged from the first quarter and not far below the recession high of 17.6% set in Q3 of 2010.
From the article:
Propelled by its booming technology sector, San Francisco saw office rents grow faster than any other U.S. market in the second quarter, according to a new report.