Colliers’ latest research report — The Q1 2020 Office Market Outlook Report — highlights the office market’s response to the COVID-19 pandemic. The U.S. office market showed its first signs of cooling in the first quarter of 2020. Net absorption fell sharply but remained slightly positive, while there was a marginal increase in vacancy, which was coming off a record low. Construction levels fell but remain elevated while rents, for the most part, held firm. Although sales volume was down, capitalization rates (cap rates) and pricing held steady.

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For more details on the latest office trends, download the Q1 2020 U.S. Office Market Outlook.