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BOSTON-Office vacancy nationwide should begin to decline in the second half of next year, according to CBRE Econometric Advisors, based here. That gradual improvement as the market reaches its cyclical bottom is based on increasing tenant confidence in the economic recovery, although in some quarters there’s been nervousness recently about the renewed possibility of a double-dip recession.

“We don’t see that happening, but we certainly understand where the fears are coming from,” Arthur Jones, senior economist at Boston-based CBRE-EA, tells GlobeSt.com. “In terms of the economic recovery, we’re right about where we thought we’d be with the stimulus wearing off and the job market slowing just a little in the second quarter. But the office market is a little ahead of where we thought it would be at this point, and our feeling is that we’re probably two or three quarters away from a resumption of recovery and improving fundamentals.”

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