US office market recovery slows down

Note: This section contains information in English only.
Source: Reuters
According to Reis Inc., US office property market, which started to regain strength 1.5 year ago, decelerated its speed of recovery in the last three months. Increased unemployment and uncertain economic outlook both weighted down on the office market . As a result, there was no change in vacancy rate and slight lift in prices. Businesses seem to be skeptical about future prospects, said Ryan Severino, senior economist at Reis.
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