Commercial rents drop.Vacancy rates are holding steady in certain cites while most of the country continues to struggle with a decline in commercial rent, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Federal Reserve Board's latest Beige Book Beige Book A commonly used name for the Fed report entitled "Summary of Commentary on Current Economic Conditions by Federal Reserve District." It is published just before the FOMC meeting on interest rates and is used to inform the members on changes in the economy since the last . Based on information collected through Aug. 31, the rent on commercial properties has declined in Boston, Chicago, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Philadelphia. Vacancy rates held steady in Boston and Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , and rates increased in Atlanta, Philadelphia, San Francisco, and Richmond, Va. Rent concessions were reported in the San Francisco and Richmond markets with the latter noting that some landlords had postponed property improvements in an effort to conserve cash. Construction remained at very low levels, with modest improvements noted in public construction in the Chicago, Cleveland and Minneapolis districts. According to the Fed, commercial and industrial lending declined in the Philadelphia and Kansas City regions but was steady in Richmond. The lack of available credit was cited as an issue for both residential and commercial contractors in Cleveland and for commercial real estate borrowers in Atlanta. San Francisco reported an increase in venture capital investment. The deterioration of credit quality continues to be widespread with a few exceptions. Cleveland and Chicago reported some improvement while Philadelphia, Richmond, Dallas, and San Francisco continue to experience an erosion of credit quality. The 12 Federal Reserve districts Federal Reserve District (Reserve district or district) One of the twelve geographic regions served by a Federal Reserve Bank. are Boston, New York Boston is a town in Erie County, New York, United States. The population was 7,897 at the 2000 census. The town is named after Boston, Massachusetts. The Town of Boston is an interior town of the county and one of the county's "Southtowns. , Philadelphia, Cleveland, Richmond, Va., Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. |
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