CHICAGO—The statistics generated by Colliers International for its latest quarterly report on the US office market present a picture of broad-based health. Furthermore, experts from the firm say that, barring any unforeseen event, the sector will continue to grow steadily and that caution among lenders and developers will stop the market from growing too exuberant.

"Most of the markets that we are in are tightening up and moving toward landlord-friendly conditions," Alain LeCoque, a Chicago-based principal with Colliers, tells GlobeSt.com. Only 20% of the US metros examined by the firm saw a rises in vacancy. And office absorption remained strong in the third quarter, totaling 26.2 million square feet, a 3.1 million square foot gain over the second quarter and up from 17.2 million square feet a year ago.

The tech boom has certainly provided some extra fuel and, as reported in GlobeSt.com, many cities outside Northern California and the other top coastal markets have benefited. But LeCoque says the broad-based strength in the office market has several other sources as well. He points to Omaha, NE, as a good example of what is happening throughout the country. "The market continues to tighten and it's driven by companies that want to be more urban so they can have access to the young people who no longer want to live way out in the suburbs."