Report | United States Office Outlook - Q1 2015
Despite slower activity in the first quarter, office markets across the United States are on the brink of a tipping point, as evidenced by more expansionary leasing activity and consistently increasing tour velocity. Landlords are responding to this environment by increasing rents aggressively, with first quarter rent growth posting the highest increase of the recovery so far, by a multiple of three. An uptick in development activity will eventually stabilize market fundamentals as vacant supply is delivered over the next 24 months.
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