Office-Leasing Rebound Could Be Deceiving
August 18, 2010
By: Anton Troianovski

Even as the office market enjoys a rebound of leasing activity, some businesses are giving landlords the shivers by figuring out how to use less space per employee.

Companies that sat on the sidelines during the darkest days of the economic downturn are increasingly making leasing commitments. In the 12 months that ended June 30, office tenants signed 161.3 million square feet in leases nationwide, according to Studley, a commercial real-estate brokerage firm. That is a 5.7% increase over the 12-month period ended in March.  ...

..."Until tenants shift into expansion mode … the market will be engaged in a process of musical chairs," states Studley's second-quarter report on New York. ...

Link to article