There's been a huge drop in activity in the U.S. office-leasing market in the last year. In the 15 largest office markets in the country, 38.8 million square feet of deals were completed in the first quarter of 2009, compared to nearly 71.7 million in the first quarter of 2008. Among the 15 markets, only the Atlanta metro area has experienced no decline in leasing activity. Minneapolis/St. Paul has been hardest hit, with 81% fewer deals than in 2008
Source: Harvard Business Review, May 2009
Rajesh Nair
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