test2

[Sasha]

"All of a sudden, in a very short time, you have a rocket
that shot straight up and you now have a rocket that's
shooting straight down," said Frank Fudem, senior vice
president at BT Commercial Real Estate in San Francisco.
"It's impacting the real estate market in a very major way."

While the woes of dot-coms and other tech companies have
contributed to the glut, companies that are more on the
fringe of the industry are also beginning to feel the
pain--raising concerns that the worst is not over.

"At this point, what has happened has moved beyond the
high-tech sector into other industries that tend to service
high-tech firms," said Chuck Harry, director of analytics at
Cushman & Wakefield. "Their businesses aren't growing as
dramatically. Decision makers are taking a wait-and-see
pattern."

During the boom years of the mid-1990s, scores of tech
companies were hiring thousands of employees each quarter,
which required them to lease or purchase millions of square
feet of space for offices, distribution centers and
manufacturing facilities.