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Office Report

United States

Report | United States Office Outlook - Q1 2012

Summary

Growth by tech & energy spreading across the grid to drive increased confidence marketwide
 
Driven by momentum across the energy-rich and technology-heavy markets, confidence across the office sector reached its highest level since 2007. Despite a softening in absorption and leasing velocity in the first quarter, the majority of office markets demonstrated rent growth.
 
Lowered global growth expectations with the Eurozone in a slight recession and reset growth in the emerging Asian and Latin American economies could have an influence on multinational corporate demand for the remainder of this year.

As of now, the U.S. appears on track to continue its slow and steady recovery, but significant geopolitical tensions or further economic malaise in other regions could potentially cause a pullback in demand and longer pause in the recovery than just one quarter.

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