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United States

Report | The start of the next office development cycle


Development levels increasing from historical lows; yet even with recent increases in activity, we can expect supply shortages in some markets over the next 24 months
Office construction levels plummeted from 2007 peaks due to tight financing and lending conditions, unaligned supply and demand fundamentals and stagnant economic conditions. These factors essentially pushed developers to the sidelines throughout 2009, 2010 and the majority of 2011.


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