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Office Report

United States

Report | United States Office Outlook - Q1 2011

Summary

Recovery in the U.S. office market spreads further across geographies and product types at the beginning of 2011.
 
The early part of 2010 saw the office market recovery take hold in only a handful of markets concentrated largely on the coasts. In contrast, over the past three quarters, we have seen tenant expansions, occupancy gains and rent stabilization diversify geographically to spread to nearly 70.0 percent of office markets Jones Lang LaSalle tracks.

Substantial increases in professional and business services employment (which has surged across markets in recent months) will position the office market for continued expansion through the remainder of 2011 and into 2012 and limit tenant leverage in the coming quarters for numerous market segments.
 

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