Office real estate finally on the rebound. (office vacancy rates for 1996)(Brief Article)

We've said it before, but the office market may truly be on the verge of a rebound. Vacancy rates have declined and rents have improved. This is likely to embolden investors, bringing them back into the market in greater force. And without a doubt, an increase in construction spending will follow.

Vacancy rates dip

CB Commercial Real Estate predicts that office vacancy rates will reach into the single-digits by the end of 1998 if current market conditions hold. That's something the U.S. has not seen since 1982. Office vacancy rates declined to 13.1 percent