2022 Q2 U.S. Office Market Outlook - THE TENANT ADVISOR
2022 Q2 U.S. Office Market Outlook - THE TENANT ADVISOR
Abstract
The U.S. office vacancy rate stands at 15.1%, an increase of 10 basis points in the second quarter. vacancy is still comfortably below the record peak of 16.3%, seen at the height of the Global Financial Crisis. Chicago took the hardest hit with 997,000 square feet of negative absorption in second quarter. There is a record 217.8 millionsquare feet of sublease space available across the U.N. office market. Asking rates are, by and large and holding firm. The gap between asking and effective rents remains significant. It is still significant due to increased concessions on offer.
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A Stable Second Quarter for the U.S. Office Market The U.S. office vacancy rate stands at 15.1%, an increase of 10 basis points in the second quarter. However, vacancy is still comfortably below the record peak of 16.3%, seen at the height of the Global Financial Crisis. Net absorption, which measures the change in occupied office inventory, was positive in over half (53%) of the office markets tracked in our national survey. National office absorption totaled 3.1 million square feet and has bee...
A Stable Second Quarter for the U.S. Office Market The U.S. office vacancy rate stands at 15.1%, an increase of 10 basis points in the second quarter. However, vacancy is still comfortably below the record peak of 16.3%, seen at the height of the Global Financial Crisis. Net absorption, which measures the change in occupied office inventory, was positive in over half (53%) of the office markets tracked in our national survey. National office absorption totaled 3.1 million square feet and has bee...
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Q1 2022 | U.S. Office Market Outlook
by CoyDavidson | May 25, 2022
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713-830-2128
coy.davidson@colliers.com
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Q1 2022 | U.S. Office Market Outlook
by CoyDavidson | May 25, 2022
...
Office Occupancy is Increasing, but the Return to the Office Has Been Slow Office return dates have been a moving target throughout the pandemic, particularly over the last 12 months, with plans being stalled by the Delta and Omicron variants in turn. Occupancy is comfortably above 50% in the leading Texas metros of Austin, Dallas, and Houston which has consistently been above other major markets according to Kastleโs Back to Work Barometer. As we approach the end of the third quarter as of la...
Office Occupancy is Increasing, but the Return to the Office Has Been Slow Office return dates have been a moving target throughout the pandemic, particularly over the last 12 months, with plans being stalled by the Delta and Omicron variants in turn. Occupancy is comfortably above 50% in the leading Texas metros of Austin, Dallas, and Houston which has consistently been above other major markets according to Kastleโs Back to Work Barometer. As we approach the end of the third quarter as of la...
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Houston Highlights Houstonโs industrial market continued to gain momentum as leasing velocity reached over 10 million square feet in the second quarter. The increase in demand for space continued to spur new development with over 21 million square feet under construction and an additional 65 million square feet proposed or in the final planning stage. Houstonโs industrial market recorded 6.6 million square feet of positive net absorption in the second quarter. The vacancy rate decreased 280...
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U.S. Office Markets: Performance & Prospects | Q3 2022 The U.S. office market is in unchartered territory. Following two years of pandemic-driven correction, signs of stabilization are emerging. However, there is considerable debate and speculation regarding the future. The office sector is facing a set of challenges that could result in significant structural shifts over the years ahead. In this report, we examine the national context and outlook, before looking at current economic and real est...
U.S. Office Markets: Performance & Prospects | Q3 2022 The U.S. office market is in unchartered territory. Following two years of pandemic-driven correction, signs of stabilization are emerging. However, there is considerable debate and speculation regarding the future. The office sector is facing a set of challenges that could result in significant structural shifts over the years ahead. In this report, we examine the national context and outlook, before looking at current economic and real est...