In this article, we examine the current context of the U.S. office market and highlight the key performance indicators in the third quarter of 2019.

The U.S. office market posted a solid third quarter. Occupancy held firm, rents increased, and net absorption stayed positive. Construction reached a new record high. Any supply concerns remain localized and submarket specific. Suburban markets continue to see the greatest share of capital being placed.

Vacancy Remains at a Record Low

Rents Inch Upwards

Absorption Stays Positive

Construction is Still Rising

Uptick in Sales Volumes

For more insights, stay tuned for our Q3 2019 Top Office Markets Report and our full Q3 2019 Office Market Outlook Report, both to be published soon.

About the author:

Stephen is the National Director of Office Research for Colliers International, where he focuses on analyzing office property trends, compiling Colliers’ thought leadership and delivering timely market projections to provide clients with a leading edge in our industry.