In a new option for GlobeSt.com, Quick Survey's respondents were able to file in-depth thoughts on their answers. Their commentary provides interesting depth to the raw numbers. "The sad thing is there seems to be no light at the end of the tunnel," stated one writer. "It's dark in here!"

Of course, not all respondents voiced doom and gloom. "The economy should begin a comeback in 4Q '01," writes one participant. "Demand for space should start increasing 1Q '02."

Another writer is more frank: "The downturn is real, but not as severe as the media hypes it to be."

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John Salustri

John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.