December 11, 2008
..."The pendulum has swung from landlords to tenants for the first time since 2003 as an abundance of office space and reduced demand is putting pressure on rents across the region. The indicators point to persistent high vacancy rates and weaker office demand through the end of next year," said Delores Conway, director of the Casden Real Estate Economics Forecast, at a briefing for real estate executives in Los Angeles."Credit-worthy tenants should be able to renegotiate leases to their advantage," she said, adding that all-cash buyers will search for well-priced properties in prime locations...