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Demand drop could reach 726 million square feet.

Publication: Mortgage Banking
Publication Date: 01-SEP-03
Format: Online
Delivery: Immediate Online Access
Full Article Title: Demand drop could reach 726 million square feet.(Commercial)(Brief Article)

Article Excerpt
ACCORDING TO A FORECAST BY FORRESTER Research, Cambridge, Massachusetts, upward of 3.3 million service or white-collar jobs will be shifted overseas from the United States in the next 15 years, primarily to low-cost/high-education labor markets such as India.

Using a conservative per-square-foot/ per-employee ratio of 200 square feet, New...

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