From: xx, xx: Research
Sent: Thursday, July 02, 2009 4:52 AM
To: xx, x: Sales
Subject: RE: Feedback: REITS
Hello XXX,
Basically unemployment rate tends to be lagged with office vacancy rates and market expects vacancy rates will still continue to go up for a while so the question is when it will stop deterioration.
Sorry for not allowed to provide you any onion at the moment.
Regards
ASIAN CO WORKER