This year will be the year of the office landlord, brokers say, with vacancies dropping in many markets, slow-but-steady job growth and the continued economic recovery.
The U.S. office market has now registered occupancy gains for 14 consecutive quarters. Vacancy fell to 15.1 percent in the fourth quarter, 220 basis points lower than its recessionary peak of 17.3 percent, according to a recent report from commercial real estate services firm Cassidy Turley. Kevin
Register to view the full article
This article is part of our premium content subscription. You need to subscribe to gain access to premium content.
Why Register for NREIonline? It's simple and free, and here is what you get:
• Access to leading real estate industry research.
• Interactive rankings of commercial real estate professionals.
• Submit your own articles, (if approved) which will appear around the site.
Already a member? Log in.