A Mixed Start to 2019 but Office Market Fundamentals Remain Sound
Our latest research report presents the key trends and statistics for each of the top 10 office markets in the U.S. The first quarter of the year is usually the most subdued and Q1 2019 proved no exception. Absorption slowed for the most part across the major office markets in the U.S., but this is no cause for concern. Fundamentally, we remain on solid ground. Any shifts being seen, such as a rise in sublease space in some markets, are both anticipated at this stage in the cycle and do not impact fundamentals materially. Seven of our top 10 U.S. office markets posted positive net absorption in Q1 2019, with levels rising from the prior quarter in three of the markets, but leasing remains highly concentrated in just two sectors: coworking and tech.
Our latest research report presents the key trends and statistics for each of the top 10 office markets in the U.S. The first quarter of the year is usually the most subdued and Q1 2019 proved no exception. Absorption slowed for the most part across the major office markets in the U.S., but this is no cause for concern. Fundamentally, we remain on solid ground. Any shifts being seen, such as a rise in sublease space in some markets, are both anticipated at this stage in the cycle and do not impact fundamentals materially. Seven of our top 10 U.S. office markets posted positive net absorption in Q1 2019, with levels rising from the prior quarter in three of the markets, but leasing remains highly concentrated in just two sectors: coworking and tech.
