Office, industrial vacancy rates rising.(Statistical Data Included)

THE ABSORPTION levels of new office and industrial space couldn't quite keep up with available additional supply during the early months of 1999. Consequently, vacancy rates rose slightly for both building sectors.

The level of demand and the pace of new office construction activity have been strong for the past few years and remained so through the first half of 1999 as the U.S. economy continued to create new jobs, particularly in service and retail industries. With economic growth likely to slow in the coming months, however, the office sector is beginning to show e