Office
U.S. Office Lease Rates Inch Upward, Vacancy Still in Double Digits
Both lease rates and office vacancy saw modest Y-o-Y increases in March 2021, but investors did not shy away from spending record amounts in top office markets.
CommercialEdge National Office Report March 2021
In February 2021, U.S. office vacancies increased 40 bps M-o-M & 160 bps Y-o-Y – standing at 15%. U.S. office-using employment fell 3.4%.
CommercialEdge National Office Report February 2021
By January 2021, U.S. office-using employment fell 3.3%. Office vacancies increased 40 basis points to 14.6% and 80 basis points Y-o-Y.
CommercialEdge National Office Report January 2021
By December 2020, U.S. office vacancies increased 40 basis points to 14.2% and office-using employment fell 3.4%.
Experts Report Good News for CRE Industry
Undoubtedly, 2020 was an interesting year for nearly every industry in the world, and this was true for commercial real estate (CRE) leasing, as well.
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