On June 25 Angelou's firm, Angelou Economic Advisors, will givean idea of what to expect for the rest of this turbulent year whenhe issues a revised forecast for Austin real estate. The forecastwill come in association with the Austin Real Estate Councilluncheon at the Four Seasons Hotel.

In January, Angelou predicted that office occupancy rates woulddecline to the low 90s and that more sublease would open up.

Other reports are already showing changes in the market. In areport released this week, Marcus and Millichap's National MultiHousing Group said that Austin is one of several cities whereapartment markets will be "particularly" affected by the economicdownturn.

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