In Valley, 80 mil square ft. of business space is vacant

The Valley's real estate boom-and-bust cycle left an almost unimaginable 80 million square feet of excess office, retail and industrial space on the rental market at the close of 2009 - the rough equivalent of 1,600 football fields. The unprecedented oversupply of commercial real estate sent vacancy rates soaring in all categories, while lease prices tumbled, according to reports from area commercial real-estate firms.

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