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Have Office Rents Stabilized?

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In a sign that the country's commercial real-estate market is finally turning the corner, new statistics show that office rents that have been falling throughout the economic downturn are beginning to stabilize.

The industry's recovery is likely to be a slow one. Many businesses are continuing to give up office space as new hiring stays sluggish, the timing of the economy's recovery remains uncertain and companies figure out how to fit more workers into less space.

More at the Wall Street Journal

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