Q3 National Office Update: 3 Key Takeaways


Q3 National Office Update: 3 Key Takeaways


U.S. office markets remained strong in the third quarter as high demand levels pushed rents up. The sector, however, is expected to experience a moderate slowdown in the new year as the industry approaches the tail end of this cycle and new supply weighs on core markets.

"Seven years into an unprecedented expansionary cycle, the U.S. office market remains in growth mode. We continue to be impressed by the market’s resilience in the face of potential headwinds and the duration of the economic cycle in comparison to this time roughly a decade ago," JLL Director of U.S. Office Research Scott Homa said. "Although we expect the rate of growth to cool in line with shifting real estate dynamics, we expect that 2018 will be yet another positive year."

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RSK: The main takeaway is that demand is still slowly building and vacancy is being absorbed. And that my friends depends what market you are in. I can show you two more stories where the opposite is true...but this is an over all statement.

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- - Volume: 5 - WEEK: 44 Date: 10/31/2017 8:11:33 AM -