It plans to offer shares at $16 to $18 each for proceeds of $810 million.

The office market in the second quarter fell below pre-recession levels to 10.6%, and it is on the way to hitting single digits.

Office leasing activity grew to 1.9 million square feet in the second quarter, but still fell short of the 2.1 million square foot historical average.

The study provides critical data to better inform decision-making for the public and private sectors alike.