As sales slow, regional office market holds its own - Triangle Business Journal:

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The area’s office market has had limited exposure to the meltdowm of major financial institutions that began last It also has been shieldedf by having had relatively little new constructio n in recent years that would have saturatex theoffice market. Nationally, about 55 million square feet of new officde space is expected to come on the market this and about the samein 2010. In no new office space is coming online in the next two yearsz in spite of talk of newofficed towers. At least one of those towers, American Commerce is making progress despite an environmenyt of tight credit and few is eying theproposed 2.
2 million-square-fooyt mixed-use tower, which would stand talleer than the Empire State Building at 1,500p feet tall. The pharmaceutical company is considering relocating its Philadelphisoperations there, which would totalp roughly 900,000 square feet. Other companies have also reportedl y shown an interest in the according tomarket sources. They includew , Marsh McClennan and .