Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Most of the Sunbelt geographies have already hit their cyclical lows and are likely to surpass national growth rates during the next six to 12 months, according to an office report issued by Jones Lang LaSalle. Currently, nearly all Sunbelt markets posted substantial upticks in office occupancy, experienced declines in vacancy and moved closer to seeing office rents and concession levels hit bottom. But in 2011, occupancy gains in these beaten down housing economies totaled nearly 6 million square feet and provided evidence that, as we move forward in 2012, most of these geographies will start to outpace the national recovery, the report says. This resurgence is due to strengthening employment, migration and housing-market shifts, with absorption rates in the 1.5% to 2% range across most of the Sunbelt geographies.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.