Summary
Mellon Financial Corp.'s consolidation of office space helped to create a sharp increase in vacant space in the already soft Downtown office market, according to a survey released Friday.
Grubb & Ellis Co.'s survey lists vacancy in Downtown buildings at 20.4 percent at the end of the third quarter, up from 17.8 percent at the end of the second quarter.See the full content of this document
Extract
Downtown Area Sees Increase in Vacant Office Space
"Mellon's master lease at the Union Trust Building (Two Mellon Center) expired (June 1) and that left most of the 594,000 squa...
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