Office rents may drop 20 percent
07-01-2009
Office rents in prime business locations may drop as much as 20-percent this year according to the real estate advisory firm, D-T-Z. The company said businesses holding off on expansion plans and others moving out of top locations would drive rents down. And the vacancy rate could rise to 6-percent in Central. A spokesman for the firm, Mark Price, said rents could hit a bottom later this year.
