Here is the National Spin on the Office Market

David Amsterdam, President, Capital Markets for Colliers had a few noteworthy comments. “Office vacancies set another all-time high, though they are increasing at a more moderate pace.” Nice spin…’Supply-side pressure has all but shut down, setting the stage for recovery in the quarters ahead….Economic uncertainty has many occupiers in a wait-and-see holding pattern. The market remains in favor of tenants. The vacancy rose 10 basis points over the quarter to 18.4%, another record high for the U.S.”