Office Employment Growth Has Not Translated into Robust Leasing and Rent Growth: Here’s Why

Much has been written over the last few years on the very slow rate of rent growth in the office market. A simple glance at historic trends shows that office rents grew at a much faster rate at this stage of the market recovery in the past. One reason why this is so is the overhang of excess supply from the last recession and the slow rate of net absorption relative to job growth. But another reason may have to do with which industries contributed the most to the office recovery and whether the shift in office growth patterns affected leasing activity and rent growth.

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