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06/03/07
Office-condo construction shows no signs of slowing
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:54 pm

Developers are bullish about future demand for office-condo units, even though there are signs that the Valley’s market is becoming oversaturated in some areas. In fact, they are in the process of increasing the area’s inventory of such space by as much as 65 percent and show no signs of slowing even as units remain on the market longer. Office condos are buildings with individual office units that occupants typically own rather than lease. Service providers such as dentists, doctors, accountants and lawyers view them as an attractive option because they appreciate in value, providing their businesses with additional monetary worth.  More…

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