Perspectives on the U.S. office sector May 2012 [electronic resource]
Language: English Publication details: [S.l.] JLL 2012Subject(s): Online resources: Summary: Development levels in the US office construction sector are increasing from historic lows but even with recent increased activity supply shortages in some markets can be expected over the next 24 months. Overall office construction levels rose from a low of 22.3m sq ft in 2010 to nearly 33.6m sq ft in the beginning of 2012. Office construction activity is concentrated in nine markets (79.3% of the national whole). The majority of speculative construction is in New York, San Francisco, and Washington DC. Rent spikes will occur over the next 24 to 36 months with quality large blocks of space dropping in most urban and suburban markets.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 156640-2001 |
Development levels in the US office construction sector are increasing from historic lows but even with recent increased activity supply shortages in some markets can be expected over the next 24 months. Overall office construction levels rose from a low of 22.3m sq ft in 2010 to nearly 33.6m sq ft in the beginning of 2012. Office construction activity is concentrated in nine markets (79.3% of the national whole). The majority of speculative construction is in New York, San Francisco, and Washington DC. Rent spikes will occur over the next 24 to 36 months with quality large blocks of space dropping in most urban and suburban markets.