IP: Re: 6 to 8 percent of Internet startups have folded?

[David Farber <dave () farber net>]

> Date: Wed, 01 Aug 2001 18:15:42 -0700
> To: farber () cis upenn edu, ip-sub-1 () majordomo pobox com
> From: "Joseph C. Pistritto" <jcp () jcphome com>
> Subject: Re: IP: 6 to 8 percent of Internet startups have folded?
> Cc: Ari Ollikainen <Ari () olteco com>
>
> Ancedotal evidence - our Cornish and Carey rep where I work sez there's a 
> 24 percent (!) office vacancy rate in the Valley right now.  Certainly 
> looks that way - space is continuing to come on line (5 million sq. ft. 
> just in August) from buildings being finished and *no one* is renting new 
> space.  Local real estate people say the market wont bottom before 
> December (when the existing construction is finished up.  there is *no* 
> new construction permit activity in Northern California as well.)
>    -jcp-



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