Our latest report explores the current state of the top 10 U.S. markets, and how each has been impacted by COVID-19 and the ensuing recession. Asking rents are holding up for the time being, while absorption and vacancy are moving in the wrong direction.
With businesses taking a tentative approach to returning to the workplace, the impact on office sector metrics will take time to fully emerge. We have seen a marked downturn in Q2 2020, but the true test will be the second half of 2020. It may take several quarters, and multiple phases of reopening, before firms can fully assess their space needs. We also discuss the local nuances of each market, and how these factors will affect future office demand.
Download the Q2 2020 Top Office Markets Snapshot Report.