Four Unexpected Office Markets That Posted Positive Absorption In the Past Year

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.