Colliers is pleased to release its Q1 2016 U.S. Office Market Outlook report. The report explores how a strong U.S. economy is contributing to job growth and increased demand for office space. It's expected that the U.S. office market will continue to expand over the next couple of years. Vacancy rates continue to decline while absorption remains positive and Class A asking rents in both the CBD and suburban areas post healthy annual increases.
"The U.S. economy has continued its moderate growth while both occupancy and asking rents have continued to trend upwards,” said Cynthia Foster, President of National Office Services. “There is still room for gains in many markets that have not yet matched or surpassed their prior peak in asking rent or trough in vacancy.”