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>> TIME, INC. Latest News

APR 02, 2013 - Yahoo! News

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Like employment, demand for office space improves

By Ilaina Jonas NEW YORK (Reuters) - The office vacancy rate fell only slightly during the first quarter, as a lack of significant job growth continued to impede demand for space, according to a quarterly report released on Tuesday. At the same time, U.S. office construction during the first quarter reached a 14-year low as developers remain spooked by soft demand and meager rent growth, according to real estate research firm Reis Inc. Persistent lackluster U.S. job growth was behind the 0.1 percentage point U.S. office vacancy rate decline. ...

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