- Leasing levels dip again: -6.8 percent from Q3; both Q4 and 2012 leasing below respective quarterly and annual levels since recovery began.
- Absorption levels continue with 11 th consecutive quarter of occupancy growth, but vary widely by geography as the West grows and the East Coast disappears. Sunbelt markets are starting to add to the recovery. Even with continued occupancy growth in Q4, 2012 absorption levels down 19.4 percent from 2011.
- Vacancy drops, hits 17.0 percent. Vacancy levels remain near historical highs, and although CBDs are on track to reach historical vacancy rates faster than suburbs, CBD vacancy declines have slowed while suburban declines have sped up.
- Tenants have far less leverage across urbanized, core markets despite overall market pause, but rents have now inched up in nine of the past 10 quarters. Class A continues to trump commodity across the board with rents growing more than four times faster in CBDs than suburbs.
JLL Reports U.S. Office Market Makes Mild Gains In Absorption And Rent In 2012, With Stage Set For Broader Recovery In 2013
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.