Office

Year-over-year office market conditions compared nationally and by region cycling, updated quarterly.

Net absorptions for office markets decreased in all regions in the third quarter of 2017, compared to the same period in 2016. The Northeast registered the most significant drop—down by 73.7 percent—, and the West followed with a 45.3 percent decrease.

Net absorptions for office markets decreased during the second quarter of 2017, compared to the same quarter of 2016, in all regions.

Vacancy rates for office markets are expected to decrease by 2.7 percent in the Midwest and remain almost the same as in the first quarter of this year for the other regions.

U.S. office market conditions from Q4 2014 to Q4 2017*

U.S. office market conditions from Q3 2014 to Q3 2017*

U.S. office market conditions from Q2 2014 to Q2 2017*

U.S. office market conditions from Q1 2014 to Q1 2017*

U.S. office market conditions from Q4 2013 to Q4 2016*

(U.S. office market conditions*) Source: CoStar Group Inc.