Colliers International’s Q3 2016 U.S. Office Report reveals that third quarter office market fundamentals continued the positive momentum of the first half of 2016, particularly in terms of net absorption amid renewed GDP growth.

Robust office leasing in the third quarter should set the table for a solid year-end figure, as the fourth quarter has historically been strong for absorption. While the rate of occupancy gains is slowing as many businesses increasingly focus on efficiency, the U.S. office vacancy rate has a strong chance of matching or dipping below the prior cycle low by early 2017.

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For more details on the latest office trends, download the Q3 2016 U.S. Office Report.