The U.S. Office Market Is Improving!!

According to a report just out by Colliers, the U.S. office vacancy leveled off in Q4 2021, net absorption increased and was positive for the second successive quarter, sales volumes are approaching pre-pandemic levels, and ‘California and Florida are projected to lead the economic recovery’. Yeah!  Sublease space levels declined but are still way up there, and while asking rental rates continue to hold firm, landlord concessions increased.