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Q2 2019 Top Office Markets Snapshot Report

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The Major U.S. Office Markets Remain on Solid Ground

Our latest research report presents the key trends and statistics for the top 10 office markets in the U.S. Following a subdued start to the year, the second quarter was mostly encouraging for the leading office markets in the U.S. Demand levels remain healthy, though rental growth has slowed in several markets. Eight of our top 10 office markets posted positive absorption in Q2 2019, with levels rising from the prior quarter in five. Barring some localized exceptions, demand remains centered on two sectors: tech and coworking.

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Q2 2019 Top Office Markets Snapshot Report

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Stephen Newbold

Director of National Office Research

Washington, DC

Stephen has over 35 years of Commercial Real Estate (CRE) Research experience gained in both the U.S. and U.K. He has an expert knowledge of many CRE markets across the U.S. Having worked with brokerage firms, asset managers and data providers he has a broad spectrum of experience and is adept in forecasting, analysis and strategy. Prior to joining Colliers, Stephen was a Research Director with CoStar based in Washington D.C. His career history also includes eight years as Director of U.S. Office Research with Deutsche Asset Management and six years as Head of Research with Newmark Knight Frank in London, U.K.

At Colliers, Stephen is responsible for all aspects of U.S. National Office research including authoring quarterly reports, press interviews and multi-market analysis. He works closely with multiple Colliers' business lines including Office Services, Capital Markets, Healthcare, Law Firm Services, Property Management and Occupier Services. He’s a frequent author of blogs and thought leadership pieces as well as giving presentations to clients and industry groups.

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