Report | U.S. Office Investment Outlook - H1 2017
Sustained office tenant demand and rising rents remain the norm, but supply pressures are rising
Since the second quarter of 2010, office markets posted 29 consecutive quarters of positive absorption.
Although construction starts have slowed, new deliveries expected by year-end total roughly 65.9 million square feet, 41.3 percent higher than the 2016 total.
Office construction volumes remain flat at 108.8 million square feet with minimal further growth expected this cycle.
Volumes made a resurgence this quarter, falling just 3.6 percent year-over-year and reaching $31.5 billion.
Of single asset transactions in the first six months of the year, roughly 24.0 percent were joint ventures.
Pricing levels remain stable, with market averages for institutional product ranging between 3.6 and 4.9 percent
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