Re: Grim numbers, just grim
I really should try to get to the Mercury News before lunchtime. The rental statistics I mentioned previously I heard on the radio, and THEY got it from the paper. Here are the current vacancy rates (says today's San Jose Mercury News) in some metro areas:
Los Angeles 17%
San Francisco 16%
Silicon Valley 10%
New York City (midtown south) 11%; Manhattan skyscrapers: 15%
Of course, you must realize that Dallas has had a very high vacancy rate before this recession. It was cheaper to build new buildings. Now they have new buildings and now lessees.
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