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Office buildings post strong 1984 income despite vacancies
IREM reports downtown and suburban offices showed rising net operating income in 1984 despite high vacancy. Downtown space saw a 126 percent jump in median rent and 117 percent rise in net operating income to 98.49 per square foot. Suburban offices faced higher uncollected income and a 95 percent rent increase to offset losses.
MENTIONED IN THIS ARTICLE
Institute of Real Estate Management
IREM
United States
Canada
South
Southwest
Michigan Ave
Chicago