Thursday, September 10, 2009
Posted
9:28 AM
by Gene
The National Association of Realtors projects that retail vacancy rates will increase from 11.7% in the second quarter of 2009 to 12.9% in the same period of 2010, the highest vacancy rates since 1991. And office building vacancy rates are expected to rise from 15.5% to 18.8%. "Who knows how long it will take to fill the building with employees again?" says Fred Cannon, chief equity strategist at Keefe Bruyette & Woods. Long enough for the DOW to go to 25,000!
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