From Colliers: Top CBDs See Solid Growth in 2nd Quarter, US and Canada Performance Diverges
The 2015 Q2 North American Office Market Report presents a comprehensive overview of the office segment of commercial real estate. Produced by the Colliers National Office Services group and covering approximately 70 metro areas, the report demonstrates that the office market in the United States and Canada will continue a steady growth, but will lack in the force and pace of prior cycles. However, positive market trends exist, including strong absorption and declining vacancy rates in all the major U.S. CBDs. Additionally, construction is increasing, but remains below historic highs.
Among the findings:
- Absorption trending up
- Stubbornly high vacancy rates and limited rent growth
- A sharp split between the U.S. and Canada outlooks