Q2 2014 U.S. Office Outlook: enhanced absorption creates tightest office sector in years

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JLL Research is pleased to release its Q2 2014 outlook on the U.S. office sector.

Our take:

  • Increased private sector hiring has yielded higher leasing volumes and occupancy growth rates, leaving tenants the tightest market in seven years.
  • New supply has remained minimal, but will offer tenants additional options over the next 18 months in markets like Austin, Dallas, Denver, Houston, New York, Phoenix, Raleigh and the Bay Area.
  • Limited near-term supply relief and a swifter-recovering market will cause landlords to be more aggressive; forecasts show consistent rent increases through the beginning of 2016 across markets.

PrintClick here to download the report in full. For specific information regarding conditions in New York, turn to page 44.