Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Demand for office space is predicted to rebound for the remainder of this year, causing landlords to stand firm on asking rents as new stock comes online, pushing rates upward.

A new report from Transwestern shows that tour activity is up across most major markets, though “notable deal volume” has not yet materialized. The vacancy rate remains at 12.6% nationally, with net absorption at 22.9 million square feet in Q2.  But annual asking rents are up 1.9% year-over-year, signaling what many believe will be a return to normal sooner than later.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.