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I'm still waiting for any sign at all that there is some job growth and positive absorption, and there doesn't seem to be anything like that on the horizon, he said.

There is a sense among employers and brokers that we've hit bottom, and in a lot of cases, tenants are looking for longer-term deals, which means they're thinking, 'This is where we're going to be for four or five years.'But, Beltrand noted, a lot of vacant office space needs to be backfilled before we can even get close to positive absorption..

Source: http://www.startribune.com/business/91927009.html?elr=KArksD:aDyaEP:kD:aU2EkP7K_t:aDyaEP:kD:aUiD3aPc:_Yyc:aUU
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