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	Name:	water_watcher -
	Subject:	Hard Times
	Date:	8/18/2009 9:11:12 AM

Yes ... their priorities are all screwed up. Most definitely. Rather than focus on getting the economy moving and people back to work, they are focused on "the agenda". I deal with major banks regularly and they are say the are bracing for a second wave of foreclosures and commercial realestate vacancy rate continues to increase and is ready to bust. In downtown Atlanta alone, office space vacancy is at 19.8%. And there are no new buildings driving that. Historically it has averaged around 6%, when it reaches 4% it drives new buildings.

A friend that works in another major law firm, just moved their offices from the old IBM building to the new BB&T Bldg at Atlantic Station (33 floors and they are the ONLY tenant). They got 3 years free rent for 4 floors, all remodling and moving costs paid for. They did have to buy furniture. That was for signing a 12 year lease with two 5 year options. BB&T will be consolidating and moving some of their Atlanta offices their.

Other messages in this thread:

View Entire Thread

Hard Times - lotowner - 8/18/2009 8:43:56 AM

Hard Times - water_watcher - 8/18/2009 9:11:12 AM

There is hope though ... - water_watcher - 8/18/2009 9:16:50 AM

There is hope though ... - Council Roc Doc - 8/18/2009 10:02:00 AM

There is hope though ... - Yankee06 - 8/18/2009 6:32:54 PM

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