Jan
06

Columbia’s Office Real Estate Market Holding Up, So Far

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– Columbia Regional Business Report

While the economy was sliding into a ditch, Columbia’s office real estate market kept on going, according to a new report.

Occupancy rates in Columbia were basically stable in 2008, while the market absorbed more than 52,000 square feet of new space, according to a market analysis done by Colliers Keenan real estate firm.

There was some slackening of new leasing in the second half of the year as the economy cooled, the firm found. The downtown office market continued to have an occupancy rate of 87.47%. Suburban rental markets were mostly stable, with the Northeast absorbing more than 23,000 square feet of new office space.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:
http://www.columbiabusinessreport.com/news/26070-columbia-rsquo-s-office-real-estate-market-holding-up-so-far?rss=0

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