Hope Springs Eternal

Optimistic article in the Seattle Times today:

Seattle's office towers stop getting emptier

Here's the money quote: " the total office-vacancy rate in greater downtown rose only fractionally during the first three months of 2010". I suppose that's a good thing unless you own a building. If you do, wouldn't you think it's the worst of times? The noose is about as tight as you can stand. From a valuation standpoint, vacancies need to stop increasing for values to stabilize. Hopefully, that's what's happening.