Another Solid Quarter for the Leading U.S. Office Markets

by | 16 March 2020

Our latest research report — The Q4 2019 Top Office Markets Snapshot — presents the key trends and statistics for the top 10 office markets in the U.S.

KEY TAKEAWAYS

  • The leading office markets in the U.S. continue to exhibit steady performance, as evidenced in the fourth quarter. Rents are holding firm, with growth still occurring in some markets, vacancy rates are largely in check and any supply concerns are highly localized.
  • All but one of the top 10 markets posted positive absorption in the fourth quarter with levels rising in five. Where negative absorption did occur, it was marginal and not indicative of any weakening.
  • Vacancy rates are mostly stable, with no change in seven markets in the fourth quarter. Four markets have vacancy rates that are comfortably below 10%.
  • Rents rose in six markets and maintained their levels in four. The delivery of new construction and tenant demand for high-quality space continue to fuel rental growth. Firms continue to seek the optimum work environment in order to attract and retain the best talent.

For more details on the latest office trends in these top metro markets, download the Q4 2019 U.S. Top Office Metros Snapshot and look for our full Q4 2019 U.S. Office Report coming soon.