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Silicon Valley Office Vacancies Near 20 Percent

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THE VIRTUAL OFFICE
"Nearly one-fifth of Silicon Valley office space stood empty last quarter, while landlords lowered rents to try to retain tenants and attract new ones, according to a commercial real estate report released Friday," Associated Press reported. "The last time the office vacancy rate was higher was in the second quarter of 2004, at 19.5 percent."
SOURCE:   Associated Press

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