Financial-Services Layoffs Will

Nearly half of those who responded to this week's QuickPoll believe financial-services layoffs will "Destroy the OfficeMarket" (49%), while 28% say the layoffs will "Not Have MuchImpact," and slightly less (23%) believe layoffs will "Give OtherTenants Expansion Opportunities."Dave Odmark, an office sales andleasing specialist with Grubb & Ellis|BRE Commercial's SanDiego office, thinks the biggest hurt on the office sector is beingput on by residential real estate.

I would say it will have not have much impact. I think that theamount of space that financial institutions lease as a whole is notsignificant. If all the financial institutions cut back on theirspace, say 10%, the overall affect on the office market would bepretty insignificant.

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