Real estate notebook: What happened to demand for office space?

Commercial real estate experts are perplexed.

The office market in the United States averaged just 4.4 million square feet of positive net absorption in the last quarter of 2017 and the first quarter of this year, way less than the 10.8 million square-foot quarter average forecast six months ago, according to a report released this month by the NAIOP Research Foundation.

If just looking at the first quarter of 2018, the numbers are even more bleak, just 1.3 million square feet was leased on a net basis...

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RSK: I think all 3 assumptions are affecting the market.