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Silicon Valley Market Cooling Off.(Brief Article)(Statistical Data Included)
The dot-com weeding out process has caused rents to go down a bit in the San Francisco Bay Area due to an increasing availability of office space, according to participants in a recent conference call - "The San Francisco Bay Area's office real estate market: Is it headed for tough times" - organized by Merrill Lynch.
However, observers expect that this is only going to be a temporary effect and that the long-term outlook for the market remains good.
Gary Willard of CB Richard Ellis, a provider of real estate services, defined the current situation as a "cooling off," actually healthy for the market.
He said, "We don't see any panic in the market, the investors we ...
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Source: HighBeam Research, Silicon Valley Market Cooling Off.(Brief Article)(Statistical Data...