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Commercial office market to bottom this year

The U.S. commercial-office industry is showing signs of eventual recovery. In his first-quarter report, Grubb & Ellis national economist Bob Bach said the commercial-office market is poised to bottom out by year-end. The biggest surprise of the quarter was a slight uptick, 1 percent, in the average asking rental-rate for Class A space to $31.10. The average… Continue Reading Commercial office market to bottom this year