Office market shrugs off financial market and global economic volatility

The office market showed resilience in Q3 2015, registering absorption above the post-recession quarterly average, a declining vacancy rate and quickening rent growth. In spite of volatile financial markets and concerns over global growth prospects, office-using employment recorded its largest quarterly gain in 15 years, supporting sustained demand for office space. Most of the downtown and suburban markets tracked by CBRE Research posted positive Q3 2015 and year-to-date absorption.