Office Report: Will it be Heaven in 2011?
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When it comes to recovery in the nation’s office market, don’t expect much change to the upside until 2011, according to a new report from Marcus & Millichap. The firm’s 2010 National Office Property Report tracks 44 major markets across the U.S. based on a series of 12-month forward-looking supply and demand indicators.
Here’s the bottom line: the Marcus & Millichap index projects that vacancies will climb and rents fall in all of those markets this year. But the worst of it should be coming to an end.
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© 2012 Penton Media Inc.
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