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As previous analyses of the Office market have predicted, the latest survey has confirmed that the apex of the market has been reached for this cycle. This is true in both the Bay Area and the three Southern California markets, where survey participants say that office rental rates are as high as they will be for the foreseeable future on an inflation adjusted basis. Allen Matkins attorneys, John Tipton, Crystal Lofing, Pete Roth, and Gary McKitterick discuss what this means.
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