SOURCE: CBRE

The market is clearly at an inflection point, and owners whohave seen years of price growth are now confronting increasedmarket uncertainty. Similarly, occupiers are paying close attentionto the market, and many firms are waiting to see how marketdisturbances will affect their businesses.

Landlords of all sizes are beginning to see the impact of theslow down and are looking to stabilize their assets. Tenants arerenewing, relocating and expanding at attractive occupancy costs.We're also seeing firms securing long-term transactions atattractive rates. To date, there are a significant number of dealsin the pipeline or planning stages.

Assuredly, this trend will continue and equilibrium will returnto the market as it has in the past. History has shown that whenthis happens, it happens quickly. Once the market reachesequilibrium, look for pricing to level out, particularly among themajority of the turnpike corridor submarkets.