Rising Vacancies to Benefit St. Louis Tenants

Rising Vacancies to Benefit St. Louis Tenants

An absence of new construction in 2011 will help the St. Louis region's office market begin to recover from its deep recession, according to a forecast of market behavior in major cities that was released by Calif.-based commercial real estate company Grubb & Ellis. The annual report for office, retail, and manufacturing markets indicated that the city's vacancy rates will tick up as leases expire, giving tenants the opportunity to increase, decrease, or reconfigure space to work more efficiently and increase employee productivity.

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