Overall available office space in the U.S. reached a new high-water mark in the first quarter, topping 1.2B SF, according to new data from Avison Young. Representing 23.7% of the office inventory in the country, that number consists of direct and sublease availabilities and is a record at least in this century, by Avison Young`s count.
There were slumps in office leasing activity in the aftermath of the dot-com bubble and the Global Financial Crisis, but they weren`t as pronounced as today`s and were of an entirely different nature, according to AY U.S. President Harry Klaff...
RSK: Remember, this is not spread out evenly over the US. Some pocket areas such as NYC, LA, San Fran, have much higher rates than say Madison, WI.
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- - Volume: 24 - WEEK: 16 Date: 4/16/2024 12:16:30 PM -