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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Office
Southwest