November 05, 2018
The U.S. office market continued to show strength as absorption reached 22.7 MSF, vacancy remained stable, and asking rents increased by 4.0%, annually. Economic indicators show ongoing momentum for most of the U.S. economy. Real gross domestic product increased at a 3.5% annualized rate according to first estimates. High consumer confidence and increased personal consumption contributed 2.7% to that rate.