Industry News

Offshoring may cripple U.S. office markets

New study from ULI, Columbia Business School analyzes impact of jobs moving abroad
Published on Mar 10, 2004

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by CareyBot

The steady movement of knowledge-based jobs overseas has dire implications for America's office markets, virtually ensuring high vacancy rates and minimal rent increases for several years and affecting several types of office space, according to "The New Exports: Office Jobs," an analysis published jointly by the Urban Land Institute and the Columbia Business School's Paul Milstein Center for Real Estate.

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