US office demand was stable in November, but Manhattan and other markets showed strength, according to a report from CBRE.
The US Tenants in the Market (TIM) Index was unchanged in November at a level of 85 while half of the 12 markets tracked by CBRE reached TIM Index levels of over 90, a new milestone toward pandemic recovery.
Manhattan was one of the standouts, ranking third among the 12 largest cities in the country for office market recovery in November with multiple measures of demand showing steady progress.
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