Stable office building market forecast.(Brief Article)

World economic uncertainties have dampened concern about overbuilding

As analysts began to worry that the office building market was becoming overheated, world economic woes emerged to reduce the likelihood that this will happen.

In August, Russia defaulted on its bonds, and markets in Asia and Latin America faltered. Much of Wall Street stopped making new loans, and real estate deals collapsed as investors recalled the drop of property values in the early 1990s.

Most observers aren't expecting anything that drastic in the year ahead, but they no