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  • Business Real Estate is Off

    By Purchasing Staff -- Purchasing, 11/13/2008 7:00:00 AM

    The commercial property market is icing up, says the Kiplinger Letter. Over the past year, total dollar volume of office space and hotel deals slid 75% and industrial space dropped 60%. Kiplinger says rising unemployment spells more empty offices, cutting rental income and reducing property values and declines in warehousing demand.

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