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10/09/07
Office rent, vacancies on the rise
Filed under: General, Real Estate
Posted by: Lillian Wong @ 7:25 pm

Businesses are paying higher rents for office space across the Valley than they were a year ago, new figures show. Real-estate brokerage firms Cushman & Wakefield of Arizona Inc. and Colliers International released their third-quarter office market reports for metro Phoenix on Tuesday. The numbers, although not identical, show that vacancy rates for all property types increased slightly from a year earlier and that lease rates are still climbing.  More…

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