Downsizings leave glut of local industrial space - Austin Business Journal:

a-aveywe.blogspot.com
The total amount of leased industrial space in the Twin Cities declinedby 2.06 milliomn square feet, and it could fall by another 1 million squarde feet before the year is said Mike Ohmes, executive vice presideny of brokerage services for the Bloomington-based real estats firm. It is the biggest half-year decline in leasex industrial space that NorthMarq has ever Ohmes said. It begahn measuring that statisticin 1995. Ohmesa expected real estate demand to be down this year in lightr of the economy andjob losses, but he didn’t anticipate it would drop so sharply in the firsy half of the year.
“We thoughy it would be more evenly spread out over allof NorthMarq’s data shows that companies in the Twin Cities responded decisivelh to the economic climate through consolidations, closinv operations and downsizing.