''The events of Sept. 11 merely magnified an inevitable market cycle,'' according to the report. ''In spite of current economic indicators, the current softening of the market is by no means a repeat of the late '80s and early '90s when vacancies approached 20%.''
Rather, the market should level off in the first half of this year and start to improve in the second two quarters, according to most economic projections, the report says.
The report goes onto say that Colorado Springs usually lags the US and Denver by one or two quarters.
''Colorado Spring has enjoyed almost 10 years of economic health,'' the report concludes. ''This downturn will not be severe by historic standards. The future for Colorado Springs remains very positive.''
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