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Occupier Report

United States

Report | United States Office Occupier Outlook - Q3 2010

Summary

A renewed emphasis on the importance of location, space requirements and leasing strategy emerged during the third quarter of 2010. Corporate occupiers sought to maintain an aggressive stance with landlords, but realized that unlike the downturn which was largely a uniform softening, the recovery is being defined by geography and product type. On the national level, the office market was stable but on the market level demand was highly differentiated as pockets of growth emerged. As a dichotomy of markets formed across the U.S., corporate occupiers turned inwards to reevaluate their locations, space needs and future real estate plans. Space utilization, internal vacancy rates and future leasing strategies dominated the agenda for corporate real estate executives.

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