JLL has released its Q3 2014 United States Office Outlook
On the investment sales side, activity is up 38 percent year-to-date, and investment profiles diversified. Most of the large deal flow was heavily concentrated in New York City and San Francisco.
Finally, office development has been soaring – there is currently almost 73 million square feet under construction, mostly driven by tech and energy industries.
- Vacancy levels dropped below 16 percent for the first time since 2008.
- Asking rents are up 0.1 percent for CBDs and 2.8 percent for suburban markets year-over-year.
- Class A and B suburban rents posted highest annual rent growth of 2.6 and 3.1 percent.
- Construction volumes have jumped 49.4 percent compared to Q3 2013 levels, led by Houston.
Download your copy of the Q3 2014 U.S. Office Outlook for a complete market review, or take a sneak peak on SlideShare (below).