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Almost one-third of apartments now converted represent former offices.
For seven straight months it's climbed and now hit the highest level since a year ago June.
On the other side, there were tenants who really were struggling yet still kept paying rent.
The big questions are how much other office class values have fallen and how much more drop is left.
Most affected will be obsolete office properties.
Costs rose 3.4% in May with Chicago the biggest gainer.
Also, Durham, Palm Beach and Savannah have joined the list of the largest 51 industrial markets.
Federal agencies have long struggled to determine how much office space they really need.
Most are ready to deliver 2.5 hours, half say they can't do 3.5 hours.
The consulting arm will spin off while the infrastructure construction software part will become Infotech.