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Down with Commercial RE?

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Maybe so, maybe not said a rather ambivalent group surveyed by UCLA's Anderson Institute. Their findings were issued today. Sayeth the survey: commercial rents in San Francisco are expected to drop in the coming three years, thus delivering a hit to construction. Sayeth UCLA: both rental and occupancy rates have increased in recent years, and SF also experiences the highest employment rate in the state— SF might even face a shortage of office space by 2011. Pardon us while we look for our stapler... [SF Gate]