Research - DECEMBER 28, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

CBRE expects slowdown in US office market in 2017

by Andrea Waitrovich

The U.S. office market is poised for a moderate slowdown in 2017, due to a combination of softer tenant demand and an increase in new supply, according to CBRE Research. 


Firms are finding it increasingly difficult to find qualified workers, which is reflected in the low unemployment rate, the near-record number of job openings, a steady increase in the number of “quits,” an indicator of worker confidence, and the real wage growth. 


CBRE expects 2017 to register a lower net gain in office-using jobs, 273,400, down from 2016’s anticipated 413,600 and the 2010–2016 annual average of 418,100. 


In addition, CBRE expects more than 50 million square feet of office space completions in 2017 — the most si

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy