Metro Detroit office leases backslide in weaken economy

[ScreamingMeemie]

http://www.detnews.com/2004/realestate/0408/12/e02-240185.htm

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WEST BLOOMFIELD TOWNSHIP — Metro Detroit’s sluggish economy, tight corporate profits and minimal job growth contributed to a decline in office leasing in the first half of the year, a new report shows.
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The office market, which includes more than 400 multitenant buildings, has sputtered since the 2001 recession. It doesn’t shows signs of rebounding until employment levels begin to rise and corporations become more bullish about expansion plans, office experts say.

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Despite the setback, Feldman believes the worse may be over. “I’m sensing we may have bottomed out, but I still don’t see a lot of job creation or new companies coming into the state.”
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Isn't that last paragraph a stitch. He senses we may have bottomed out, and yet he doesn't see anything to suggest that we're on the way up either. :shrug:

[ScreamingMeemie]

1. Kicking because it's still the eocnomy as well, stupid.

:kick: