NEW YORK CITY-The commercial realty market in the nation is finally progressing from the economic downturn as office rents are being stabilized. As the market's recovery rate is moving in a slow pace, many businesses are giving up office spaces.
The pressure on rents seems to be alleviating and improvements are seen in some cities, including New York City and Washington, DC. Investors are beginning to buy properties as office rents are stabilizing. For the full story, go to Wall Street Journal.
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