Twenty-eight out of 51 markets tracked by Transwestern registered positive net absorption for the third quarter. However, this progress was not enough to offset other markets, resulting in negative 5.5 million square feet of net absorption nationally. Still, this is a notable improvement from the quarterly average of negative 30.8 million square feet during the height of the pandemic. For that reason, only 20% of tracked markets managed positive net absorption over the past 12 months, according to Transwestern figures. Check out our slideshow above for four of the top markets that accomplished this feat.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
