In Houston, a Spreading Sea of Empty Offices

After the Enron collapse, Houston office vacancy rates soared to 15.5%. Barron’s┬ácovered the collapse: “The vacancy rate will go higher as the providers [lawyers, accountants, other professionals] that serviced the energy traders cut back, or as in the case of Andersen go out of business,” says Jay Wall, a vice president with the Houston office…

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