Office Sector’s Future Up for Debate

Colliers International, Toronto, said the U.S. office market is stabilizing following two-plus years of pandemic-driven correction, but noted “considerable debate and speculation” about its future.

Bright Spots Amid Offices Sectors Struggles

Office absorption remains negative even though office-using employment increased by 1.9% in the first half of the year, adding 635,000 jobs, reported Cushman & Wakefield, Chicago.

Colliers: Office Market Recovery Pauses

Colliers, Toronto, reported the office market paused in the first quarter following two quarters of occupancy gains. But the overall trend points toward stabilization, the firm noted.

Office Pipeline Evolves Post-Pandemic

The shift to remote and hybrid work is shrinking the new office supply pipeline, but many developers believe the right project in the right location still makes sense, reported Yardi Matrix, Santa Barbara, Calif.

Spread Between Retail, Industrial Rents Compresses

JLL, Chicago, reported the spread between retail property rents and industrial property rents is compressing as home deliveries speed up and e-commerce steals more and more market share from brick-and-mortar retailers.