Despite global economic uncertainty, the United States economy continued to expand in 2015 through both employment and output. Innovative economies lead in growth, but a diversity of markets are gaining momentum. Occupancy is growing at a rate 1.3 times faster than new supply, and… Read More
The Phoenix office market ended the year on a high note with steady absorption gains across the Valley and a subtle drop in vacancy thanks to limited construction completions. Although 2013 closed out in the black, occupancy gains were smaller compared to 2012 as tenants remain cautious about the state of the economy and… Read More
JLL Research just released its quarterly outlook on the U.S. office sector. The growing strength of the economic base helped position the domestic office market in its best light in more than two years.
Driven by increased touring velocity and expanding leasing activity, vacancy levels fell below 17.0 percent for the first time in nearly five years. Quarterly absorption levels topped 10.0 million square feet for the first time since the end of 2011 and only… Read More