RENTLESS RECOVERY

BANZAI7 NEWS--Rent for office space is falling at the fastest pace in more than a decade as vacancies create a glut and landlords slash prices to attract tenants.

Nationwide, effective office rents fell 8.5% in the third quarter compared with the same period a year ago, the steepest year-over-year decline since 1995, according to Reis Inc., a New York real-estate research firm.

The news explains the surge in the real estate brokerage segment of the serviceless economy.