IP: WHAT'S BAD FOR TELECOM IS BAD FOR REAL ESTATE

[David Farber <dave@farber.net>]

>WHAT'S BAD FOR TELECOM IS BAD FOR REAL ESTATE
>
>A nationwide survey of commercial real estate has found that nearly half of
>the 46 million square feet of warehouses and other buildings converted in
>the last several years into telecom switching stations are now vacant. "The
>market just disappeared," says one real estate broker; another remembers
>wistfully that telecommunications "was going to be the savior of every
>vacant building in every downtown in America." Still, the survey's director
>remains optimistic: "Over the long term this is a growing market. It's not
>going away." (Los Angeles Times 5 Jul 2001)
>
><http://www.latimes.com/business/20010705/t000055237.html>



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