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Q2 2020 Office Market Outlook Report

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U.S. Office Absorption Turns Negative for the First Time in 10 Years. What Lies Ahead?

Our latest report analyzes the current state of the U.S. office market and takes a closer look at the key performance indicators impacting it. The U.S. office market showed a sharp decline in the second quarter, as the impact of the COVID-19 pandemic began to make itself fully known. Net absorption fell into negative territory for the first time in 10 years while vacancy posted its largest quarterly increase over a similar timeframe.

We also provide an outlook for the remainder of 2020 and beyond. A key factor determining the office sector's performance in the future will be when, and on what scale, the U.S. economy recovers. Additionally, the office sector must further embrace two key concepts to adapt and succeed during these challenging times: flexibility and choice.


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Q2 2020 Office Market Outlook Report

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