The demand for any type of office space is flattening a little bit but vacancy rates are still very low which reflects Vermont's way of doing business. Blake sees a shift in the market in his business. There is more of a Class B demand right now. What we're seeing is a higher need for open office environments versus partitioned or segregated offices. There is a need for more flexibility for the tenant with high-tech companies growing.
Amenities are less important than they used to be, say, five years ago.
If you were out looking for office space, unless you're a law firm or an accounting firm, many professionals including bankers prefer work stations or modular units that create more of a team atmosphere. For dot coms that's what they need because they can get more people in a space. Customers are looking for more economy in office space unquestionably. I think a lot of companies have wised up to the fact that they need to put money into product growth and not into their environment. Many companies are doing business through the Internet.