The US is on track to deliver as much new office space as a year ago, according to JLL's Q2 Office Report.

Year-to-date completions were up 11.8 million square feet to 26.5 million square feet for the year, putting them on track to repeat 2021's more than 50 million square feet of new space.

Large and small tenants put expansion plans on hold amid macroeconomic uncertainty, leaving transaction volume relatively flat over the quarter at 47.2 million square feet.

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