Cbre Office Market Report

Medical office trends cbre u s.

Cbre office market report.

Total vacancy increased 55 bps quarter over quarter to 13 6. It is one of a series of reports issued as a component of our 2020 southeast u s. Memphis office market outlook 2020 seor cbre memphis office market outlook 2020 seor this report is a one page summary of our expectations for the market looking forward from the end of 2019. Office and industrial sectors continue to show strength while the retail sector has begun to trend down.

Despite potential headwinds ahead from the economic downturn nonprofits had a strong showing for the third. Industrial rent observed strong upward growth 3 y o y across all regions. D c s office vacancy reached an all time high of 15 2 as a result of contractionary activity within the law firm sector and the delivery of five buildings adding vacant space to the market. Cbre sets the standard for national real estate research by providing clients with accurate insightful and current market knowledge.

Medical office vacancy rate remained at 10 3 through midyear 2019 its lowest level of the expansion and average asking rents stayed near record levels. Of negative net absorption in q2 2020 the first time in 13 quarters the market has seen negative absorption activity. Office rent continued its growth 3 y o y into the second quarter boosted primarily by strong u s. Los angeles office marketview q2 2020 the covid 19 pandemic has had a profound impact on the national and regional economies but cbre econometric advisors cbre ea is projecting a robust recovery beginning in 2021 with office markets projected to fully recover by q4 2021.

The average direct asking lease rate remained stable at 28 81 per sq. Office rent continued its growth 3 y o y into the second quarter boosted primarily by strong u s. Office and industrial sectors continue to show strength while the retail sector has begun to trend down. Canadian market reports overview cbre research prepares canadian marketviews on office industrial retail investment and multi housing sectors and other specialty reports.

Rent growth fell to 1 8 year over year in q2 down from the five y. Medical office market fundamentals have been resilient this year. Industrial rent observed strong upward growth 3 y o y across all regions.