Negative Absorption and Rising Vacancy Further Impact the Leading U.S. Office Markets
The sharp downturn in market fundamentals that started in Q2 2020 further accelerated as 2020 closed out. Net absorption was negative in all the top 10 markets in Q4 2020, with vacancy rising in every market. Rents are coming under increasing pressure and starting to fall in some markets.
Download the Top Office Markets Snapshot – Q4 2020.