Office managers may find suitable office space...
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Office managers may find suitable office space a bit tougher to come by in major U.S. cities as the building boom of the last 10 years slows down. According to Coldwell Banker Commercial Group’s national commercial real estate survey, this may mean an end to rental incentives and bargains used to entice companies into new rental space. The national average vacancy rate was at 16.3% at the end of 1987, off 0.1 of a percentage point from 1986. The toughest cities to find office space are Hartford, Conn.; Charlotte, N.C.; Boston, and Manhattan in New York. The cities showing the best improvement due to good demand and little or no construction were Kansas City, Phoenix, San Francisco and San Diego.
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