Double -
digit office vacancy rates typically have a way of restraining even the boldest developers.
Not exact matches
Over the course of the past year, as oil prices hovered near the $ 30.00 per barrel mark, cities that rely on the energy sector for their economies, including Houston, Dallas, Denver and Tulsa and Oklahoma City, Okla., experienced
office vacancies that spiked to double
digits.
Several
office markets battered by the tech wreck that jolted Wall Street and led to a recession four years ago are still plagued by double -
digit vacancies.
Big city
office markets are posting the strongest performance in decades, with the U.S. unemployment rate falling to less than 5.0 percent and
office vacancy in many regions in the single
digits.