Office vacancies rise, rents drop in Southland again

Imperial Oil is on the move. Now Canadian Pacific Railway. The big question is who is next to make the jump from downtown Calgary as prices escalate and tenants look for better rents away from the core. “You add them together and you get 1.2 million square feet and that’s a big chunk,” said Ross Moore , head of research with CB Richard Ellis Canada, in referring to the two companies. “There is a limit to how high you can push rents.”

Apartment Rents Rise as Sector Stabilizes

Ockham Research submits: Bloomberg.com’s David M. Levitt reported on the latest study of Manhattan real estate. The analysis conducted by real estate brokerage firm Cushman & Wakefield shows that Manhattan has 38% more office space for lease than a year ago. The past year appears shockingly bad, but could have been worse as the market actually took a turn for the better in the late part of 2009.

The soft market in the third quarter was a boon for tenants willing to sign leases.

Apartment Rentals Surge in U.S. on Foreclosures, Jobs

Office rents are falling at the fastest pace in more than a decade as vacancies create a glut and landlords slash prices to attract tenants.

Office rents are falling at the fastest pace in more than a decade as vacancies create a glut and landlords slash prices to attract tenants.

Vacancies are increasing and rents are falling.