Average asking rent in U.S. Suburban markets increased 1.95 percent to 16.28 percent. Executive Managing Director Maria Sicola asserted that elevated unemployment numbers translate [...] cities note record-high commercial vacancies, along with a decrease in the asking price for commercial rental space. Vacancies present additional risks not applicable to occupied realestate. Phoenix has a 17.4 percent vacancy, Chicago’s is at 15.4 percent, Washington, D.C. Colliers International, a global commercial realestate service provider, noted that rental office space is becoming abundantly available.
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