We are pleased to release the latest State of the U.S. Office Market. This quarterly presentation provides key metrics on office leasing and the current state of the capital markets within the sector.
A few noteworthy facts from our research:
- The office market in the second half of 2024 continues to see space demand increases as the economy grows and return to office rates tick up.
- Overall accelerated office leasing is poised to reach a post-pandemic high at year-end.
- Overall availability remains elevated across most markets.
- Occupiers in a strong financial position with superior credit remain in the driver's seat as landlords aggressively look to preserve occupancy in a leasing environment that is improving but remains challenged.