Sublease availability and new construction deliveries continue to decline, creating the conditions for “cautious optimism” in the sector, Cushman & Wakefield says.
Despite economic uncertainty, office demand remained resilient in the first quarter, showing negative absorption in the period but increasing 30% quarter-over-quarter and 48% year over year on a four-quarter rolling total, according to Cushman & Wakefield’s Q1 2025 office marketbeat report released Monday.Net absorption was positive in the first quarter for a third of U.S. markets, with over half of office buildings having single-digit vacancy or no vacancy at all. “Quality matters and high-quality office continues to outperform,” Cushman & Wakefield says...
RSK: I hope they are correct. Less new construction is helping lease up those sublease spaces so they might be onto something. Yet, the RTO has not accelerated but remains steady.
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- - Volume: 25 - WEEK: 17 Date: 4/23/2025 9:34:02 AM -