Jul
13

Recession Continues To Weigh Heavily On Upstate Office Market

By
– GSA Business

Asking rates for office space in the Greenville-Spartanburg market stagnated in the second quarter, concessions such as free rent rose, and sublease space appears likely to continue to glut the office market through the end of 2010, according to the latest office trends report by Grubb & EllisThe Furman Co.

The real estate analysis predicted that asking rates would rise as new high-end product is delivered to the market.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.gsabusiness.com/news/28533-recession-continues-to-weigh-heavily-on-upstate-office-market
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