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United States

Report | United States Office First Look - Q2 2016


It's business as usual. Tenants may have hit the pause button in the first quarter, but expansionary leasing resumed the lead, comprising nearly 50 percent of total leasing volume.​

Nationwide, rents have grown 14 percent overall since Q1 2010, and 23.8 percent in CBDs. As a result, many markets are nearing peak pricing. With supply constraints plaguing the market at large—particularly in Millennial-favored markets—Class B properties are getting a boost.

We expect conditions to remain landlord-favorable in the majority of markets through 2017.

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