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Q3 2019 Office Market Outlook Report

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U.S. Office Market Fundamentals Remain Sound

The U.S. office market posted another solid quarter in Q3 2019. Net absorption fell but occupancy remains at a record high and rents continue to inch upwards, despite growth being lower than the prior quarter. Net absorption remains positive and is up by 22% year over year. Occupancy gains remain largely dominated by tech firms, which continue to expand apace.


Q3 2019 Office Market Outlook Report

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Stephen Newbold

Director, 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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