For those who are in the office sector, one of the global leading real estate companies has two words to embrace if they want to adapt and succeed: flexibility and choice.
Colliers International recently concluded in its latest report analyzing the current state of the U.S. office market. It stated a key factor determining performance in the office sector's future would be when and on what scale the U.S. economy recovers.
One of the leading causes for concern is net absorption, which in the second quarter fell into negative territory for the first time in a decade. But there is some good news: the vacancy rate posted its largest quarterly increase around the same timeframe.
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Michael A. Mora
Michael was born and raised in South Florida. He went to undergrad at Florida Atlantic University and earned his master's degree from the Columbia University Graduate School of Journalism. He is the crypto litigation reporter for Law.com, as well as an editor for ALM Global. You can email him at [email protected].
