The U.S. office vacancy rate dipped to 17.3% in Q4 from 17.4% in Q3 and 17.6% at the end of...

|By:, SA News Editor

The U.S. office vacancy rate dipped to 17.3% in Q4 from 17.4% in Q3 and 17.6% at the end of 2010, Reis reports, as a 15-year low 12.3M sq. ft. of new office space came to market in 2011. "The office sector has assuredly turned the corner," Reis says. "Still, given the severity of the downturn... it will be years before the office sector climbs out of the hole."