Word: vacant
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According to the study, written by Professor of Economics James L. Medoff, the number of vacant jobs in the U.S. has decreased since the mid-1980s. In addition, jobs which are available are not as attractive, said Medoff yesterday...
...London's $6.9 billion Canary Wharf project. A 71-acre office complex in the out-of-the-way Docklands area, it is the largest commercial property development in Europe. London faces a glut of 40 million sq. ft. of unused commercial space, though, and 40% of Canary Wharf remains vacant. Even that figure is deceptive, because many of Canary Wharf's tenants only signed on when O&Y offered to buy out their existing leases and pay their relocation costs...
Along Highway 80 in West Texas between Midland and Odessa, giant drilling rigs sit rusting in the winter sun. Gas wells that dot the bleak mesquite- covered prairie lie shut down. Downtown Midland has the stark look of an evacuated city, with empty storefronts and vacant building lobbies...
...transition has been stunning," says J. Roger Boothe, director of urban design for Community Development. "Twelve years ago the area was a multitude of parking lots, vacant warehouse buildings, and banks were unwilling to lend...
...most disappointing giveaway in the President's budget was the shortsighted handouts to the real estate industry. At a time when the U.S. is dramatically overbuilt in commercial real estate -- some large cities are so overstocked with vacant offices it will take 10 years to fill them -- it makes little sense to add tax incentives to encourage more building. Bush no doubt wants to shore up the sagging fortunes of developers and the home values of middle-class voters, but it is hard to see how adding more mini-malls and * office complexes to the landscape will help either constituency...