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Voit, for one, is reporting an increase in leasing and salesactivity across all commercial property types, having completedmore than 30 transactions encompassing upwards of 240,000square-feet for the month of February alone.
The increased activity, however, is far from a roaring recovery.Cassidy Turley BRE Commercial notes in its report on the officemarket that although the outlook "is more optimistic as evidencedby a decrease in countywide direct vacancy rate and positiveabsorption reported during the fourth quarter," the office market"continues to lose tenants due to a weak employment market."However, the report also offers an upbeat note: "Between Septemberand November, government, professional and business servicescombined have added 13,800 jobs countywide despite the financialsector losing 600 jobs in the same time period," the Cassidy Turleyreport points out. Those numbers provide "some signs of recoveryfor office tenants," it says.
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