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Office Report

United States

Report | United States Office Outlook - Q2 2013

Summary

The United States economy and office sector remained resilient entering the summer of 2013 despite continued shocks that have jolted the global horizon up and down in recent weeks. Geopolitical strife continued to rock governments across the globe, while signs of economic slowdown resurfaced in China and stagnancy pervaded across most of Europe.

However, even with a bumpier global ride and a less favorable interest rate environment ahead that raised its head during the second quarter, the U.S. economy and the office market continued to grow. With a broadening recovery geographically forecasted in the second half and into 2014, the market will shift to a market that begins to pull away from tenants and into the landlords’ advantage in most market segments over the next six to nine months.

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