Have Office Markets Plateaued? All Signs Point To Yes

Office real estate will experience a slowdown this year, with some experts projecting the market has reached its plateau. A labor shortage coupled with millions of square feet in new supply expected to come online this year will take its toll on the sector. Though office-using employment remains healthy thanks to strong demand from tech companies, the pullback in office-using jobs and more than 50M SF of projected office supply scheduled to hit this year (the most since 2009), is expected to push up vacancy rates. CBRE expects rent growth to slow, with rents increasing by 1.5% over the course of this year, down quite a bit from 4.5% growth in 2015.

Via forbes.com