The national office vacancy rate declined by 10 basis points during the first quarter to 17 percent, marking exactly the same pace as the decline recorded in the prior quarter. (nreionline.com)
Since 1993, when the national downtown and suburban office vacancy rates were bubbling under the 20 % mark, vacancy rates steadily decreased. (nreionline.com)
While office vacancy rates have also been dropping, in most markets there is still too much empty space to justify new building. (articles.chicagotribune.com)