Skip to main content Skip to footer

U.S. Office Market Report | Q3 2022

Download Report
Q32022OfficeOutlookHero11536x1040

U.S. Office Market Cools in the Third Quarter

The U.S. office market cooled in Q3 2022. Vacancy ticked up, while sublease space hit a new record high. Is a market correction on the horizon? It will likely take another 18 to 24 months for economic and business concerns to play out. Concurrently, occupiers are reviewing their working practices and office space needs.

Q32022OfficeOutlookSearch1024x972

U.S. Office Market Report | Q3 2022

Download Report
Related Experts

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.

View expert