In this report, we examine the national context and outlook, before looking at current economic and real estate trends in 59 leading U.S. office markets, along with their outlook through year-end 2022. In addition, we establish where each market sits in the office cycle. Are local trends declining, stabilizing or showing signs of recovery?
U.S. Office Markets: Performance & Prospects | Q3 2022
Download ReportIn this report, we examine the national context and outlook, before looking at current economic and real estate trends in 59 leading U.S. office markets, along with their outlook through year-end 2022. In addition, we establish where each market sits in the office cycle. Are local trends declining, stabilizing or showing signs of recovery?
Related Experts
Steig Seaward is the Senior National Director of Research, leading a dynamic team of over 125 researchers across nearly 80 U.S. markets. With a distinguished career spanning over three decades, Steig is a seasoned Commercial Real Estate and CRE technology sector leader.
His expertise encompasses a wide array of disciplines, including research and analysis, product design, and customer retention strategies within the information technology and commercial real estate industries. Steig's comprehensive knowledge and innovative approach have consistently propelled him to the forefront of his field.
Steig is a highly sought-after public speaker who delivers captivating presentations on economic and commercial real estate trends. Renowned for his ability to distill complex concepts into accessible and engaging content, he has been featured prominently at numerous prestigious events, including the CCIM annual governance meeting and the NAR Commercial Economic Issues & Trends Forum.
Prior to his tenure at Colliers, Steig held key roles at prominent organizations, including serving as the Senior Research Director for the east coast region of Grubb & Ellis and as the EVP of Customer Success at Xceligent, a leading SAAS-based commercial real estate information provider. His multifaceted career also includes significant positions such as National Director of Business Development and Client Services at Xceligent, Director of Sales at IdealSpot, and VP of Technology & Member Services at the Denver Metropolitan Commercial Association of Realtors.
Steig's journey in the industry began as a research analyst for the Resolution Trust Corporation, where he honed his analytical skills and laid the foundation for his illustrious career. Today, he continues to drive innovation and excellence in research and technology, shaping the future of commercial real estate.
Areas of expertise include:
• Industry Trend Forecasting and Analysis
• Public Speaking on Economic and Commercial Real Estate Trends
• Strategic Product Design and Implementation
• Technology Integration and Innovation
• Customer & Employee Curriculum Development and Training
• Business Development and Client Services Leadership
• Sales Management and Strategy for SAAS/Subscription-Based Services
• Customer Success Development and Retention Strategies
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.
Highly experienced commercial real estate leasing broker, owner, operator and manager with proven expertise in office leasing, acquisitions, development, and asset management in Chicago as well as multiple other markets across the country, having held senior management and leadership positions with large scale developers and commercial real estate service firms. Directly responsible for building and managing leasing and operational teams in multiple markets across the country and executing over 3.5 million square feet of office lease transactions creating value for property sales well in excess of $3 billion. Specific project experience includes office, industrial and multifamily acquisition, development, adaptive re-use and leasing execution in multiple markets, in addition to equity and debt placement in multiple asset classes in both institutional settings and private partnerships.
Scott Nelson is CEO, Occupier Services | Global at Colliers and is responsible for strategy and leadership of the global Occupier Services business unit. Occupier Services makes up the platform of talent and tools that supports our clients directly and in partnership with our transaction advisory professionals that lead many of these relationships. Occupier client engagements include tenant representation transaction advisory and project management assignments, multi-market accounts, to comprehensive corporate real estate outsourcing. Occupier Services includes service lines such as Enterprise Clients/Account Management, Client Experience, Strategic Consulting, Technology Services (including our Colliers360 platform), Lease Administration, Transaction Management and Project Management. Occupier Services is a global business with deep capabilities sitting within each of the three regions of Americas, EMEA and APAC.
Chris Zlocki
Head of Client Experience | Executive Vice President, Occupier Services | Global
Denver - Downtown
I am focused on ensuring Colliers' Occupier Services clients receive best-in-class service delivery reinforced by a mindset of continuous improvement. My responsibilities include: account growth, setting direction on account strategy & innovation initiatives with an emphasis on maximizing service excellence, regular strategic engagement with clients, executive sponsor of our program to develop our account executives and directors and ongoing leadership of Consulting Services in the Americas.