Skip Ribbon Commands
Skip to main content

United States

Report | United States Office First Look - Q3 2016


Though the rate of growth is slowing, a first look at the Q3 office market shows strong activity across the board.

  • Rents are up 1% overall and as much as 8.9% in markets where new, high-quality supply is coming online.  In many markets, landlords will maintain leasing leverage through 2017, but we expect leasing conditions to shift in 2018.
  • Supply constraints continued to plague the market at large—particularly in Millennial-favored markets. Vacancy inched downward to reach 14.5% overall—12.9% CBDs and 15.9% in the suburbs. Nashville remains the tightest market in the country, followed by Salt Lake City, Seattle-Bellevue and San Francisco.
  • Construction is in full swing, with 105 million square feet in the development pipeline led by New York, Dallas and Washington, D.C. 

To access the report, simply complete the form.

Please fill out the form to access the report.
Trouble downloading? Please click the following link.