Nov 29, 2016
CBRE: How low can you go? U.S. office vacancy rents
U.S. – Net absorption remains positive in most markets, according to CBRE’s latest U.S. Office MarketView report. Year-to-date, 89 percent of the markets tracked by CBRE Research posted positive net absorption....
U.S. – Net absorption remains positive in most markets, according to CBRE’s latest U.S. Office MarketView report.
Year-to-date, 89 percent of the markets tracked by CBRE Research posted positive net absorption. Dallas-Fort Worth, Phoenix, Seattle, New Jersey, Nashville, Detroit and Chicago led the way.
Construction completions increased by 27.5 percent to 9.5 million sf in 3Q 2016, with more than 80 percent of new space delivered in the suburbs.
The overall vacancy rate was flat at 13 percent in 3Q 2016, marking the 26th consecutive quarter in which it was unchanged or decreased.
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