U.S. office market fundamentals remain at their strongest point in the cycle, with peak occupancy and record rents. Yet, as our Q1 2017 U.S. Office Market Outlook Report explores, there is little doubt that the market has been cooling.

The national office vacancy rate has been virtually static for more than a year. Rents are still rising but the pace of appreciation is modest and slowing. Likewise, absorption is still positive but Q1 2017 was relatively quiet and activity was concentrated in suburban markets. Office space under construction rose for the third successive quarter in Q1 2017, while investors continue to chase higher returns — leading to an increased focus on suburban and second-tier markets.


For more details on the latest trends in the office market, download the Q1 2017 U.S. Office Market Outlook Report. In addition to reading the report, be sure to explore the Q1 2017 update to the Colliers U.S. Office Market Dashboard, which presents the latest data and forecasts in a detailed, interactive format.