The U.S. office vacancy rate climbed in the second quarter amid decreasing demand and new deliveries of space, according to research by Colliers International. Downtown rents showed modest increases but suburban office properties have begun to feel the impact of the slowing economy as those rents edged downward. [...more...]
Tuesday, July 22, 2008
Wednesday, July 16, 2008
Commercial Real Estate Easing in Economic Slowdown
NEWS FROM REALTOR's COMMERCIAL ALLIANCE shows rising vacancies and slowing activity, but the commercial market is still "active", despite “tight credit availability".
NAR Chief Economist Lawrence Yun said economic weakness is impacting commercial real estate. “Although the supply-demand fundamentals are broadly favorable in most commercial real estate markets, vacancy rates are rising modestly and rent gains are slowing,” he said. “Slow economic growth is lowering demand for commercial space, mostly in the office and industrial sectors. Despite the slowdown, the commercial real estate market is in much better shape compared to conditions during the 2001 recession.” [...more...]
Wednesday, July 2, 2008
STARBUCKS TO CUT & CLOSE STORES
Starbucks trimming to prepare for a solid 2009. A bit more than previously expected, right?
In January, Starbucks brought back founder and chief executive Howard Schultz to turn around the company. Soon after, Schultz targeted 100 stores for closure -- a number that grew by 500 when firm plans were announced on Tuesday.
He has also slashed plans for store openings and shifted the company's most ambitious expansion efforts to international markets. [...more...]
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