U.S. OFFICE REAL ESTATE VACANCY RATE EXPECTED TO SEE SLIGHT DECLINE IN 2012

Boston, MA – November 9, 2011 – (RealEstateRama) –– The U.S. office market vacancy rate is expected to decline modestly next year, falling to 15.7% by the end of 2012, according to a new analysis from CBRE Econometric Advisors (CBRE-EA). CBRE-EA forecasts that the office vacancy decline will accelerate in the following year and fall to 14.8% by the end of 2013.


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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

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