Wednesday, April 08, 2009

The Other Emerald City Shaketh (and it's not the Big One)

Reuters reports: San Francisco Office Rents Fall Most Since 2001

San Francisco office rents dropped 24 percent in the first quarter from a year earlier, the biggest decline since the dot-com crash in 2001, as the recession cut jobs and companies returned space to the market.

It's the beauty of rents. Either you got it or you don't got it. There's no fakin' it!

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