Occupancy Down for Upscale Offices Departure of Natural Gas Industry Staffs, Onset of Recession Hit Downtown Towers

Summary

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The occupancy rate in Charleston's premier downtown office towers has declined by 10 percent since the national recession took hold more than a year ago.

"The market has dropped from 97 percent occupancy, which is in effect full capacity, to 87 percent," said Howard Swint, associate broker with West Virginia Commercial Limited Liability Co.

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Extract

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Occupancy Down for Upscale Offices Departure of Natural Gas Industry Staffs, Onset of Recession Hit Downtown Towers

Swint periodically surveys occupancy rates in Chase Tower, BB&T Square, United Center, Huntington Square, Laidley Tower and City Center West. They contain the city's "Class A" office space, or the best availab...

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