• Office market conditions moderated during the third quarter in the core areas of the top investment markets tracked by Colliers International.
  • U.S economy added an average of 183,500 jobs over August and September, down 30% from the prior two months.
  • Asking rents in the core areas of all 10 markets increased over the second quarter, while nine of the 10 increased over one year ago.
  • Tech growth in Seattle continues to drive the market to new highs, as Amazon has spread to Bellevue, drawing many other tech firms to look outside of Seattle proper.
  • The San Francisco Bay Area recovered from its modest slowdown in the second quarter, showing strong occupancy gains, particularly in the East Bay.
  • Co-working firms continue to lease large blocks of space across major markets.